{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

CH 4 HW - Homework Manager 2 Managerial Accounting ACC116B...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1: Score 2/2 Your response Correct response Problem 4-19 Equivalent Units, Cost per Equivalent Unit, Applying Costs—Weighted-Average Method [LO2, LO3, LO4] Honeybutter, Inc., manufactures a product that goes through two departments prior to completion. The following information is available about work in the first department, the Mixing Department, during June. Percent Completed Units Materials Conversion Work in process, beginning 76,000 65% 45% Started into production 464,000 Completed and transferred out 432,000 Work in process, ending 86,000 70% 30% Materials Conversion Work in process, beginning $ 79,000 $ 36,000 Cost added during June $ 806,960 $ 696,480 Assume that the company uses the weighted-average method. Requirement 1: Determine the equivalent units for June for the first process. Materials Conversion Equivalent Units of Production 492,200 (50%) 457,800 (50%) Problem 4-19 Equivalent Units, Cost per Equivalent Unit, Applying Costs—Weighted-Average Method [LO2, LO3, LO4] Honeybutter, Inc., manufactures a product that goes through two departments prior to completion. The following information is available about work in the first department, the Mixing Department, during June. Percent Completed Units Materials Conversion Work in process, beginning 76,000 65% 45% Started into production 464,000 Completed and transferred out 432,000 Work in process, ending 86,000 70% 30% Materials Conversion Work in process, beginning $ 79,000 $ 36,000 Cost added during June $ 806,960 $ 696,480 Assume that the company uses the weighted-average method. Requirement 1: Determine the equivalent units for June for the first process. Materials Conversion Equivalent Units of Production 492,200 457,800 Feedback: Equivalent Units of Production Materials Conversion Transferred to next department 432,000 432,000 Ending work in process: Materials: 86,000 units × 70% complete 60,200 Conversion: 86,000 units × 30% complete 25,800 Equivalent units of production 492,200 457,800 Your response Correct response Requirement 2: Compute the costs per equivalent unit for June for the first process. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Materials Conversion Cost per Equivalent unit $ 1.8 (50%) $ 1.6 (50%) Requirement 2: Compute the costs per equivalent unit for June for the first process. (Round your answers to 2 decimal places. Omit the "$" sign in your response.) Materials Conversion Cost per Equivalent unit $ 1.8 $ 1.6 Feedback: Cost per Equivalent Unit Materials Conversion Cost of beginning work in process $ 79,000 $ 36,000 Cost added during the period 806,960 696,480 Total cost (a) $ 885,960 $ 732,480 Equivalent units of production (b) 492,200 457,800 Cost per equivalent unit, (a) ÷ (b) $ 1.8 $ 1.6 Your response Correct response Requirement 3: Requirement 3: Page 1 of 5 Homework Manager 2 - Managerial Accounting ACC116B - Section 50120 9/20/2008 http://mh10.brownstone.net/modules/viewRecord.TestDetails
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