Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sunnyside Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Sunnyside Dairy prepared

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Sunnyside Dairy produces an organic butter that is sold by the pound. The production of the butter begins in the Churning Department. Sunnyside Dairy prepared the following production cost report for January for the Churning Department: (Click the icon to view the January production cost report for the Churning Department.) Requirement 1. What is the total cost, from start to finish, of producing ond pound of butter during January? The total cost, from start to finish, of producing one pound of butter during January is per pound. ideg urning ng De (Clic emer al co Sunnyside Dairy Churning Department Month Ended January 31 Production Cost Report Flow of Equivalent Units Physical Direct Conversion Flow of Production Units Materials Costs Units to account for: Beginning work in process, January 1 95,000 Plus: Started in production during January 2,000,000 Total physical units to account for 2,095,000 Units accounted for: Completed and transferred out 1,935,000 1,935,000 1,935,000 Plus: Ending work in process, January 31 160.000 160,000 80,000 Total physical units accounted for 2,095,000 butter that is sold by the pound. The production of the butter begins in Dairy prepared the following production cost report for January for the Assume the Sunnyside Dairy Forming Department has the following costs per production cost report for the month of January: (Click the icon to view the costs per equivalent unit (EU) information muary production cost report for the Churning Department) Read the requirements. at from start to finish, of produd x * Requirements producing one pound of butter 1. What is the total cost, from start to finish of producing one pound of butter during January? 2. If the company sells all 1,935,000 pounds of the butter made in January, at a selling price of $2.70 per pound, what is the total gross profit for the month? Print Done pound. The production of the butter begins in wing production cost report for January for the Assume the Sunnyside Dairy Forming Department has the following production cost report for the month of January: (Click the icon to view the costs per equivalent unit (EU) in bort for the Churning Department.) Read the requirements. orod 1 Data Table but 1.47 Cost per EU transferred in from Churning Departments Cost per Direct Materials EU Cost per Conversion Costs EU 0.15 $ 0.18 Print Done ck Answer. All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Iso 9000 Auditors Companion

Authors: Kent A. Keeney

1st Edition

0873893247, 978-0873893244

More Books

Students also viewed these Accounting questions