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This is MBA level graduate accounting. There are 4 questions that I am stuck on. Please see the attachment. Thank you in advance! Question 120
This is MBA level graduate accounting. There are 4 questions that I am stuck on. Please see the attachment. Thank you in advance!
Question 120 pts A company produces two products, good and better. The company uses a cost system that includes several cost pools but only one cost driver, machine hours. Based on the information below, determine the amount of overhead to apply to product Better. Assume all costs are product costs. Round your answer to the nearest whole dollar. Overhead Costs Source Administrative Support Machine Processing Material Handling $ Basis 253510 orders 5175050 machine hours 420086 moves Good Better 83 414 4000 4692 1 1167 1837 Flag this Question Question 220 pts A company produces two products, good and better. The company uses a cost system that includes several cost pools each with a unique cost cost driver. Based on the information below, determine the amount of overhead to apply to product Better. Assume all costs are product costs. Round your answer to the nearest whole dollar. Overhead Costs Source Administrative Support Machine Processing Material Handling $ Basis 254920 orders Good Better 98 390 4653086 machine hours 4245 4552 414900 moves 1191 1831 Flag this Question Question 325 pts Please note the information below is independent of information on other problems. Also, make sure you note the correct method when applicable. Based on the following information related to a process, compute the ending work in process inventory with regard to conversion using the weighted average method of process costing. Round your final answer to the nearest whole number. Do not round intermediate calculations. Omit the "$." Percent Complete Costs Units Materials Conversion Materials Conversion Beginning work in process 4828 49% $83839 $13153 Started into production 50000 $888546 $133629 Ending work in process inventory 4396 99% 85% 68% Flag this Question Question 435 pts Please note the information below is independent of information on other problems. Also, make sure you note the correct method when applicable. Based on the following information related to a process, compute the total value of finished units transferred out the process using the weighted average method of process costing. Round your final answer to the nearest whole number. Do not round intermediate calculations. Omit the "$." Percent Complete Costs Units Materials Conversion Materials Conversion Beginning work in process 2249 62% $370919 $19450 Started into production 46905 $511692 $119874 Ending work in process inventory 3347 27% 63% 53%Step by Step Solution
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