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units completed is 14000 Im a product requires three processes for its manufactur. 1. 2. The following date relates to Process for the month of
units completed is 14000
Im a product requires three processes for its manufactur. 1. 2. The following date relates to Process for the month of Aww, conversion costs are incurred uniformly. The embly division was the weighted average method of process costing Unit WIP mury 10,000, 50% complete Units started 10,000 Units completed 20.000 WIP.Luary 37 is two-thirds complete Cost Opening WIP-Total $120,000 (Material $50,000 Direct Labour 530.000 Overhead 540,000) Current Period Costs-Total $143.000 Material M (added at the beginning) $35.000 Conversion costs DL 560.000 $48.000 Required: (1) Compute equivalent units for materials and conversion costs (23-marks) Summarize total process costs for the Jan, and compute cost per equivalent unit (223-6marks) Assign total costs to units completed and to units in ending work in process. 23 marks-marks) (4) Show the five steps process costing in scheduleSmarks) sme productes three processes for its manufacture. 1. 2. The following data relates to Process for the oth of my Awww werial, Material Midded the beginning of Proced conversion costs are incurred uniformly. The bly divisiones the weighted average method of process costing Units: WIP 10,000, 50% complete lisad Units completed 20,000 WIP Jis two-thirds complete Cost Opening WIP - $120.000 Material M Direct Labour 5.30.000, Overhead $40.000 Current Period Costs-Total S14,000 Material Madded at the beginning) 535,000 Comic: DL $60,000 OH $45,000 Required: (Compre equivalent units for materials and convenios costs, 2x3-6m) (Summarie total process costs for the Jan, and compute cost per equivalent wit (2x) (3)Assig costs to units completed and to unitsin ending work in process (murks-marks) (4) Show the the steps process costing in scheduleSmarks) 2. Mike Company produces mathematical and financial calls and operates a capacity You have wailable the following information for the year ended 31 December 2019: (22) thematica financial OH.com Direct materials per a 200 Direct labour per $300 ST.RO Scout 159.000 Inspection cost 524.000 Other information follow Allocation Base mathematicalicia Total Machine Hours 1100 1230 320 Number of batches 120 40 140 Sep costs vary with the machine hours processed Inspection costvary with the number of batches Total produced during the year: 5.000 mathematical and 7.000 financial (1) Collate the overhead rate, the overhead cost and total cost per unit of mathematical and financial based on a single plantwide overhead rate, if sal overhead is allocated based on direct labu c) Celete the overhead rate, the Oh com, and tal cost per unit of mathematical and financial if the company allocates everal costs using activity-based costing (4mars - Adelaires the processes forces. I. 2. The following users to enforcement of cary. A new material Meral Meeting of 10.00 on comples WP is two-scope Cost O WIP Total SI MM 550.000 Darocaba SO Over Current Co-Toal 14.00 Mel Med the beginning) 35.000 CD SO OR S.000 Required compleet for and conco) Sel proces for thes, and compute cost per equivalents) Il costo units completed and to unitsin ending work in process. (2) marsare) Show the five stepsprocess cogin wheel 2. Mike Copy produces and finance calculations and per capacity You have available the following information for the year ended 31 December 2010 (22) tamaalinaalolani Director 2.00 $2.50 Direct labour per $3.00 STO Sep S. $14.000 Allocation mathematica a Tona Machine Hous 100 320 Number of batches 120 140 Setup costs vary with the machine hors processed Inspectie vay with the number of batches Total units produced during the year: 5.000 mathematical and 7.000 financial ( Call the overhead rate, the overall cost and total cost per unit of mathematical and financial bowed on a single planwide overhead me, if sal verhead is allocated based on direct who con (1) Calculate the overhead rate, the Of cout, and tal cost per unit of mathematical and financial if the company allocates overhead costs using activity-based couting (4-4 marsmark) Assume a product requires three processes for its manufacture, I. 2. The following data relates to Process for the mouth of January. A raw material, Material M is added at the beginning of process and conversion costs are incurred wiformly. The assembly division uses the weighted average method of process conting Units: WIP Awary/ 10.000, 50% complete Units started 10,000 Units completed 20,000 WIP January 3/ is two-thirds complete Cost Opening WIP-Total $120.000 (Material M $50,000 Direct Labour $30,000 Overhead 540,000) Current Period Costs - Total $143.000 Material Madded at the beginning) $35,000 Conversion costs: DL $60,000 OH $48.000 Required: (1) Compute equivalent units for materials and conversion costs. (2x3-6marks) (2)Summarire total process costs for the Jan, and compute cost per equivalent unit ((2x3-6marks) (3)Assign total costs to units completed and to units in ending work in process. (2x3 marks marks) (4) Show the five steps process costing in schedulemarks) Im a product requires three processes for its manufactur. 1. 2. The following date relates to Process for the month of Aww, conversion costs are incurred uniformly. The embly division was the weighted average method of process costing Unit WIP mury 10,000, 50% complete Units started 10,000 Units completed 20.000 WIP.Luary 37 is two-thirds complete Cost Opening WIP-Total $120,000 (Material $50,000 Direct Labour 530.000 Overhead 540,000) Current Period Costs-Total $143.000 Material M (added at the beginning) $35.000 Conversion costs DL 560.000 $48.000 Required: (1) Compute equivalent units for materials and conversion costs (23-marks) Summarize total process costs for the Jan, and compute cost per equivalent unit (223-6marks) Assign total costs to units completed and to units in ending work in process. 23 marks-marks) (4) Show the five steps process costing in scheduleSmarks) sme productes three processes for its manufacture. 1. 2. The following data relates to Process for the oth of my Awww werial, Material Midded the beginning of Proced conversion costs are incurred uniformly. The bly divisiones the weighted average method of process costing Units: WIP 10,000, 50% complete lisad Units completed 20,000 WIP Jis two-thirds complete Cost Opening WIP - $120.000 Material M Direct Labour 5.30.000, Overhead $40.000 Current Period Costs-Total S14,000 Material Madded at the beginning) 535,000 Comic: DL $60,000 OH $45,000 Required: (Compre equivalent units for materials and convenios costs, 2x3-6m) (Summarie total process costs for the Jan, and compute cost per equivalent wit (2x) (3)Assig costs to units completed and to unitsin ending work in process (murks-marks) (4) Show the the steps process costing in scheduleSmarks) 2. Mike Company produces mathematical and financial calls and operates a capacity You have wailable the following information for the year ended 31 December 2019: (22) thematica financial OH.com Direct materials per a 200 Direct labour per $300 ST.RO Scout 159.000 Inspection cost 524.000 Other information follow Allocation Base mathematicalicia Total Machine Hours 1100 1230 320 Number of batches 120 40 140 Sep costs vary with the machine hours processed Inspection costvary with the number of batches Total produced during the year: 5.000 mathematical and 7.000 financial (1) Collate the overhead rate, the overhead cost and total cost per unit of mathematical and financial based on a single plantwide overhead rate, if sal overhead is allocated based on direct labu c) Celete the overhead rate, the Oh com, and tal cost per unit of mathematical and financial if the company allocates everal costs using activity-based costing (4mars - Adelaires the processes forces. I. 2. The following users to enforcement of cary. A new material Meral Meeting of 10.00 on comples WP is two-scope Cost O WIP Total SI MM 550.000 Darocaba SO Over Current Co-Toal 14.00 Mel Med the beginning) 35.000 CD SO OR S.000 Required compleet for and conco) Sel proces for thes, and compute cost per equivalents) Il costo units completed and to unitsin ending work in process. (2) marsare) Show the five stepsprocess cogin wheel 2. Mike Copy produces and finance calculations and per capacity You have available the following information for the year ended 31 December 2010 (22) tamaalinaalolani Director 2.00 $2.50 Direct labour per $3.00 STO Sep S. $14.000 Allocation mathematica a Tona Machine Hous 100 320 Number of batches 120 140 Setup costs vary with the machine hors processed Inspectie vay with the number of batches Total units produced during the year: 5.000 mathematical and 7.000 financial ( Call the overhead rate, the overall cost and total cost per unit of mathematical and financial bowed on a single planwide overhead me, if sal verhead is allocated based on direct who con (1) Calculate the overhead rate, the Of cout, and tal cost per unit of mathematical and financial if the company allocates overhead costs using activity-based couting (4-4 marsmark) Assume a product requires three processes for its manufacture, I. 2. The following data relates to Process for the mouth of January. A raw material, Material M is added at the beginning of process and conversion costs are incurred wiformly. The assembly division uses the weighted average method of process conting Units: WIP Awary/ 10.000, 50% complete Units started 10,000 Units completed 20,000 WIP January 3/ is two-thirds complete Cost Opening WIP-Total $120.000 (Material M $50,000 Direct Labour $30,000 Overhead 540,000) Current Period Costs - Total $143.000 Material Madded at the beginning) $35,000 Conversion costs: DL $60,000 OH $48.000 Required: (1) Compute equivalent units for materials and conversion costs. (2x3-6marks) (2)Summarire total process costs for the Jan, and compute cost per equivalent unit ((2x3-6marks) (3)Assign total costs to units completed and to units in ending work in process. (2x3 marks marks) (4) Show the five steps process costing in schedulemarks) Step by Step Solution
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