Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Bottle Company is dedicated to making products that meet the needs of customers in a sustainable manner. Bottle is best known for its

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

The Bottle Company is dedicated to making products that meet the needs of customers in a sustainable manner. Bottle is best known for its KLN water bottle, which is a BPA-free. dishwasher-safe, bubbly glass bottle in a soft silicone sleeve. (Click the icon to view the additional information.) Consulting studies have indicated that of the total conversion costs required to complete a finished unit, the forming operation requires 50%, the assembly 30%, and the finishing 20%. The following data are available for March 2020 (there is no beginning inventory of any kind) (Click the icon to view the data.) Read the requirements Requirement 1. What is the cost per equivalent unit for conversion costs for KLN bottes in March 20207 Use a formula to solve for the cost per equivalent unit for conversion costs. (Round the cost per equivalent unit amount to the nearest cent. Conv. conversion) Cost per equivalent unit, conv costs Cullets purchased Ending inventory, cullets Ending inventory, silicone Equivalent units, cullets Equivalent units, polypropylene Equivalent units, silicone Polypropylene used Silicone purchased mpany is dedicated to making products that meet the needs of customers in a anner. Bottle is best known for its KLN water bottle, which is a BPA-free, afe, bubbly glass bottle in a soft silicone sleeve. icon to view the additional information.) Consulting studies have in finished unit, the forming a 20%. The following data an any kind): (Click the icon to view Read the requirements. nt 1. What is the cost per equivalent unit for conversion costs for KLN bottles in March 2020? ula to solve for the cost per equivalent unit for conversion costs. (Round the cost per equivalent unit amount to the nearest ce = Cost per equivalent unit, conv. costs Cullets purchased Ending inventory, cullets Ending inventory, silicone Equivalent units, cullets Equivalent units, polypropylene Equivalent units, silicone Polypropylene used Silicone purchased Total conv. costs incurred Get more help Total equivalent units, conv. costs Company is dedicated to making products that meet the needs of customers in a e manner. Bottle is best known for its KLN water bottle, which is a BPA-free, r-safe, bubbly glass bottle in a soft silicone sleeve. the icon to view the additional information.) Info Consulting: finished unit 20%. The fo any kind): (Click the Read the requ ment 1. What i More info rmula to solve The production process consists of three basic operations. In the first operation, the glass is formed by remelting cullets (broken or refuse glass). In the second operation, the glass is assembled with the silicone gasket and sleeve. The resulting product is finished in the final operation with the addition of the polypropylene cap. Print Done - Is best known for its KLN water bottle, which is a BPA-free, meet the needs of customers in a bbly glass bottle in a soft silicone sleeve. view the additional information.) Data table Consulting studies I finished unit, the for 20%. The following any kind): icon to - X iremen at is the Cullets purchased $ 68,900 Silicone purchased $ 19,700 ve for the the neare Polypropylene used SA $ 2,200 V. costs Total conversion costs incurred $ 59,860 Ending inventory, cullets 6,000 Ending inventory, silicone 1,500 Number of bottles completed and transferred 11,000 Inventory in process at the end of the month: Units formed but not assembled 4,000 Units assembled but not finished 2,000 Print Done to making products that meet the needs of customers in a st known for its KLN water bottle, which is a BPA-free, ottle in a soft silicone sleeve. dditional information.) Consulting studies have indicated that of the total conversion costs required to complete a finished unit, the forming operation requires 50%, the assembly 30%, and the finishing 20%. The following data are available for March 2020 (there is no beginning inventory of any kind): (Click the icon to view the data.) Read the requirements. Requirements Requirements 1. What is the cost per equivalent unit for conversion costs for KLN bottles in March 2020? 2. Compute the cost per equivalent unit with respect to each of the three i materials: cullets, silicone, and polypropylene.. 3. What is the cost of goods completed and transferred out? arest cent. Conv. conversion.) 4. What is the cost of goods formed but not assembled? 5. What is the cost of goods assembled but not finished? Print Done

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

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

More Books

Students also viewed these Accounting questions