0324374178_78493 - Name Section Exercise 6-2 When amounts...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Section: Exercise 6-2 When amounts or calculations are correct the cell will change to green. a. Equivalent Units Material Units completed 9,500 9,500 Units, ending process: All material 1,500 50% labor and overhead 750 Equivalent units 11,000 10,250 b. Material Labor Overhead Total Work in process, beg. $5,000 $5,000 $8,000 $18,000 Current costs 61,000 40,000 97,000 198,000 Total costs $66,000 $45,000 $105,000 $216,000 Equivalent units 11,000 10,250 10,250 Unit costs $6.00 $4.39 $10.24 $20.63 c. Completed and transferred: $195,985 d. Ending work in process: Materials…………………………………………………………. $9,000 Labor……………………………………………………………… 3,293 Overhead…………………………………………………………. 7,680 19,973 e. Total costs accounted for * 215,958 * rounding difference Labor & Overhead
Image of page 1

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

View Full Document Right Arrow Icon
Name: Section: Exercise 6-5 When amounts or calculations are correct the cell will change to green. Case 1 Units transferred 1,300 Units in process, end of period 200 1,500 Units in process, beginning of period 300 Units started in process 1,200 Units transferred 1,300 Units in process, end of period 200 Equivalent units -- materials 1,500 Units transferred 1,300 Units in process, end of period, one-fourth completed 50 Equivalent units -- labor and factory overhead 1,350 Materials Labor Total costs for period $4,575 $5,751 ÷ Equivalent units 1,500 1,350 Unit cost for period $3.05 $4.26 Case 2 Materials Labor Total costs for period $13,120 $16,200 ÷ Unit cost 1.60 2.00 Equivalent units 8,200 8,100 Equivalent units -- materials 8,200 Units transferred 8,000 Units in process, end of period 200 Equivalent units -- labor and factory overhead 8,100 Units transferred 8,000 Equivalent units in process, end of period 100 0.50 Units transferred 8,000 Stage of completion (Equivalent units in process/Units in process)
Image of page 2
Name: Section: Exercise 6-5 When amounts or calculations are correct the cell will change to green. Units in process, end of period 200 Units started in process 8,200 Case 3 Equivalent units - labor and factory overhead 18,440 x Labor and factory overhead unit cost for period $0.20 Total cost $3,688 Less labor and factory overhead costs in process, beginning of period 388 Labor and factory overhead current month 3,300 Equivalent units - labor and factory overhead 18,440 Less equivalent units in process, end of period 280 Units transferred 18,160 Units in process, end of period 1,400 Less: Units started in process 19,200 Less units transferred 18,160 1,040 Units in process, beginning of period 360 Units transferred 18,160 Units in process, end of period 1,400 Equivalent units - materials 19,560 x Materials unit cost for period $0.30 Total cost for materials $5,868 Less materials cost in process, beginning of period 568 Materials cost current month $5,300
Image of page 3

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

View Full Document Right Arrow Icon
Name: Section: Exercise 6-6 When amounts or calculations are correct the cell will change to green. Materials Labor Overhead Total Beginning work in process $11,360 $11,666 $9,250 Cost for November 73,000 68,134 77,200 Total $84,360 $79,800 $86,450 Equivalent units 14,800 13,300 13,300 Average unit cost $5.70 $6.00 $6.50 $18.20 ( a ) ( b ) ( c ) ( d )
Image of page 4
Name: Section: Exercise 6-7 When amounts or calculations are correct the cell will change to gre Cost of production for month: Materials $132,000 Labor 33,000 Factory overhead 20,625 Total cost to be accounted for $185,625 Unit output for month: Finished and transferred 7,000
Image of page 5

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

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the 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