Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

to production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was

image text in transcribed

to production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was $400,000 and total estimated machine hours were 100,000. The following data concern the operations of the company's first processing department, Assembly, for June 2012. Beginning Work in Process 800 mops, 60% complete with respect to direct materials, 10% complete with respect to Costs in Beginning Work in Process3,712 (of this amount, $1.296 is for direct materials 16,000 mops Units Started in June Direct Product Costs Added During June direct materials $47,076; direct labor $216,213 Ending Work in Process 300 mops, 60% completed with respect to direct materials, 70% complete with respect to During June, 76,243 actual machine hours were logged during production. (round all calculation to 2 decimal places. round final answers to the nearest dollar.) The cost to assemble one mop in June was The cost of goods completed and transferred out of the Assembly department during June equals The conversion costs included in Work in Process-Assembly at the beginning of July would equal to production; MOH costs are allocated to production on the basis of machine hours logged during the period. Total estimated MOH for the period was $400,000 and total estimated machine hours were 100,000. The following data concern the operations of the company's first processing department, Assembly, for June 2012. Beginning Work in Process 800 mops, 60% complete with respect to direct materials, 10% complete with respect to Costs in Beginning Work in Process3,712 (of this amount, $1.296 is for direct materials 16,000 mops Units Started in June Direct Product Costs Added During June direct materials $47,076; direct labor $216,213 Ending Work in Process 300 mops, 60% completed with respect to direct materials, 70% complete with respect to During June, 76,243 actual machine hours were logged during production. (round all calculation to 2 decimal places. round final answers to the nearest dollar.) The cost to assemble one mop in June was The cost of goods completed and transferred out of the Assembly department during June equals The conversion costs included in Work in Process-Assembly at the beginning of July would equal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions