uirement 1. Foll - X - irst column of your sle More Info - X - Data Table Fld k in process be Physical Units Direct Conversion The process-costing system at Gable Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Gable Company uses the weighted-average method of process costing. ed during curre Costs $585,000 ccount for pleted and trar (Car Seats) Materials Work in process, October 19 6,000 $1,779,000 Started during October 2017 23,500 Completed during October 2017 25,500 Work in process, October 31b 4,000 Total costs added during October 2017 $4,888,000 a Degree of completion: direct materials, ?%; conversion costs, 60%. bDegree of completion: direct materials, ?%; conversion costs, 75%. in process, en x $2,863,500 - unted for Requirements done to date Print Done 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? 3. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 4. Assign costs to units completed and transferred out and to units in ending work in process. Print Done Gable Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department Data for the assembly department for October 2017 are as follows: . and the testing department. This problem focuses on the assembly department. B Click the icon to view the assembly department data.) (Click the Icon for Gable's process-costing system Information.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. Physical Units Equivalent Units Direct Conversion Materials Costs 6,000 23,500 Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for 29,500 25,500 25,500 25,500 4,000 29,500 4,000 3,000 29,500 28.500 Work done to date Requirement 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? To show better performance, a department supervisor might report a can help cmphasize degree of completion resulting in cost per equivalent unit and 7 operating income. In other words, estimates of degree of completion managers should ask supervisors specific questions about the process they followed. Top management should always This emphasis drives V throughout the organization. uirement 1. Foll - X - irst column of your sle More Info - X - Data Table Fld k in process be Physical Units Direct Conversion The process-costing system at Gable Company has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, it is immediately transferred to testing. Gable Company uses the weighted-average method of process costing. ed during curre Costs $585,000 ccount for pleted and trar (Car Seats) Materials Work in process, October 19 6,000 $1,779,000 Started during October 2017 23,500 Completed during October 2017 25,500 Work in process, October 31b 4,000 Total costs added during October 2017 $4,888,000 a Degree of completion: direct materials, ?%; conversion costs, 60%. bDegree of completion: direct materials, ?%; conversion costs, 75%. in process, en x $2,863,500 - unted for Requirements done to date Print Done 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? 3. For each cost category, summarize total assembly department costs for October 2017 and calculate the cost per equivalent unit. 4. Assign costs to units completed and transferred out and to units in ending work in process. Print Done Gable Company manufactures car seats in its Chicago plant. Each car seat passes through the assembly department Data for the assembly department for October 2017 are as follows: . and the testing department. This problem focuses on the assembly department. B Click the icon to view the assembly department data.) (Click the Icon for Gable's process-costing system Information.) Read the requirements. Requirement 1. For each cost category, compute equivalent units in the assembly department. Show physical units in the first column of your schedule. Physical Units Equivalent Units Direct Conversion Materials Costs 6,000 23,500 Flow of Production Work in process beginning Started during current period To account for Completed and transferred out during current period Work in process, ending Accounted for 29,500 25,500 25,500 25,500 4,000 29,500 4,000 3,000 29,500 28.500 Work done to date Requirement 2. What issues should the manager focus on when reviewing the equivalent-unit calculations? To show better performance, a department supervisor might report a can help cmphasize degree of completion resulting in cost per equivalent unit and 7 operating income. In other words, estimates of degree of completion managers should ask supervisors specific questions about the process they followed. Top management should always This emphasis drives V throughout the organization
