The Cutting Department of Cassel Company has the following production and cost data for July. Materials are
Question:
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Instructions
(a) Determine the equivalent units of production for
(1) Materials and
(2) Conversion costs.
(b) Compute unit costs and prepare a cost reconciliationschedule.
Transcribed Image Text:
Production Costs 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% Beginning work in process -0- Materials Labor 45,000 16,200 complete as to conversion costs and 100% complete as Manufacturing overhead 8,300 to materials at July 31
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (7 reviews)
a 1 Materials 2 Conversion Costs Units transferred out Work in process July 3...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
Students also viewed these Managerial Accounting questions
-
The Cutting Department of Cassel Manufacturing has the following production and cost data for July. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly...
-
The cutting department of Groneman Manufacturing has the following production and cost data for July. Production 1. Transferred out 12,000 units. 2. Started 3,000 units that are 60% complete in terms...
-
The cutting department of Chan Manufacturing has the following production and cost data for August. Production 1. Started and completed 8,000 units. 2. Started 2,000 units that are 40% completed at...
-
The insurance company Helmet is considering acquiring BeSafe, a life insurance company. According to BeSafes most recent financial statements, its loss ratio stands at 0.9, and its expense ratio...
-
Explain the relationships among the initial assessed level of control risk, tests of controls for cash disbursements, and tests of details of cash balances. Give one example in which the conclusion...
-
Consider a two-way contingency table with three rows and three columns. Suppose that, for i = 1, 2, 3 and j = 1, 2, 3, the probability pij that an individual selected at random from a given...
-
Recording inventory adjustments Mabley Products, Inc. uses a perpetual inventory sys- tem to manage and account for both production inventories and finished goods inventory. At the end of each year,...
-
Gorlin Corporation was chartered in the Commonwealth of Massachusetts. The company was authorized to issue 20,000 shares of $100 par value, 6 percent preferred stock and 100,000 shares of no-par...
-
Enter formulas in cels that contain question marks ( only use formulas ) . After entering formulas in all of the cells that contain questian marks, werify that the amounts match the example below. (...
-
HealthFull Nurse-Run Clinic: Table 6.2 analyzes appointments that are lost (cannot be scheduled) because of limits to capacity. However, another problem at HealthFull Clinic is cancelled...
-
In March, Kelly Company had the following unit production costs: materials $10 and conversion costs $8. On March 1, it had zero work in process. During March, Kelly transferred out 22,000 units. As...
-
The Polishing Department of Harbin Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning...
-
Suppose that John and Mary Powers arrange to have their fertilized egg, or preembryo, frozen for future use. Suppose John is killed in an airplane crash. Should Mary have the legal right to bring the...
-
fa stock has an expected dividend next year of $2.12. it has a cost of capital of 14% and dividends of this firm are expected to grow at 6%. how much should this rock sell for one year from now.
-
A sling shot is made by attaching a large metal weight (10.0 kg) to a string with a length of 1.50 m. The sling shot is swung around with a angular velocity of 38.0 rad/s. Another sling shot is made...
-
Consider a lottery that pays to the winner an annual annuity of $ 8 0 that begins in one year and continues for 8 consecutive years with one exception - - the payment at the end of year 3 ( and only...
-
You find Stock XYZ to have an expected return of 13% and a beta of 1.5. The market risk premium is 8%. If the CAPM is true, what is the risk-free rate?
-
relaying is a 32-year-old female. She was born and raised in China with an extremely strict father, and was raised with traditional Chinese values. She immigrated to the United States when she was 17...
-
Under what circumstances is a code of ethics most and least likely to be effective? Why?
-
Find the APR in each of the following cases: NUMBER OF TIMES COMPOUNDED Semiannually Monthly Weekly Infinite EAR APR 10.4% 8.9 11.6 15.4
-
When using the Query wizard to create a query, what does the View mode/ button do?
-
PepsiCos financial statements are presented in Appendix A. Financial statements of The Coca-Cola Company are presented in Appendix B. Instructions (a) Based on the information contained in these...
-
Purpose: Learn about the SEC. From the SEC homepage, choose About the SEC. Instructions Answer the following questions. (a) How many enforcement actions does the SEC take each year against securities...
-
Purpose: Learn about the SEC. From the SEC homepage, choose About the SEC. Instructions Answer the following questions. (a) How many enforcement actions does the SEC take each year against securities...
-
Contribution Margin Ratio a . Young Company budgets sales of $ 8 3 0 , 0 0 0 , fixed costs of $ 1 8 , 7 0 0 , and variable costs of $ 8 3 , 0 0 0 . What is the contribution margin ratio for Young...
-
Thi following data are submitted relative to Pentagon Holdings Corp, and its subsidiary, Consolidated and Separale VInanciat Statementsi Subsequent to Date of Acquistions 2 0 1 ( 1 ) liple Choice 3 K...
-
Hi to June 3 0 a company has never had any treasury stop trans. The company rep purchased 1 0 0 share of his one pair common stock on June 3 0 for $ 4 0 per share on July 2 0 . It refused 5 0 of...
Study smarter with the SolutionInn App