{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

chapter 6 pr 16 - Costs added during month Direct labor...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Phelim Lennon March 13th, 2008 Chapter 6 Problem 16 1. Physical Flow Schedule Units to account for: Units, BWIP 27,000 Units started 63,000 Total units to account for 90,000 Units accounted for: Units completed and transferred out: Started and completed 54,000 From BWIP 27,000 81,000 Units, EWIP 9,000 Total units accounted for 90,000 2. Equivalent Units of Production Direct Conversion  Materials Costs Units completed 81,000 81,000 Units, EWIP x Percent complete: Direct materials (9,000 x 100%)  9,000 Conversion costs (9,000 x 25%) 2,250 90,000 83,250 3. Cost Per Unit Direct Materials: Beginning inventory $810,000 Costs added during month $1,710,000 $2,520,000 Equivalent Units / 90,000 Direct Material Cost Per Unit: $28 Conversion Costs: Beginning inventory
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Direct labor $148,400 Applied overhead $100,000 $248,400
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Costs added during month Direct labor $2,314,100 Applied overhead Inspection ($100 x 4,000) $400,000 Maintenance ($500 x 1,600) $800,000 Receiving ($200 x 2,000) $400,000 $1,600,000 $4,162,500 Equivalent Units / 83,250 Conversion Cost Per Unit $50.00 Direct Material Cost Per Unit: $28 Conversion Cost Per Unit $50.00 Cost Per Unit $78.00 4. Cost of goods transferred out: Cost Per Unit $78.00 Units transferred out x 81,000 $6,318,000 Cost of ending work-in-process: Direct Material Cost Per Unit: $28 DM equivalent units 9,000 $252,000 Conversion Cost Per Unit $50.00 Conversion equivalent units 2,250 $112,500 $364,500 5. Work in Process - Molding $6,318,000 Work in Process - Drilling $6,318,000...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern