chapter 6 pr 16

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

Info iconThis 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
Background image of page 1

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

View Full DocumentRight Arrow Icon
Direct labor $148,400 Applied overhead $100,000 $248,400
Background 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

This homework help was uploaded on 04/22/2008 for the course ACC 320 taught by Professor Brucebradford during the Spring '08 term at Fairfield.

Page1 / 2

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online