cost accounting chapter 17 process costing solution manual 1

cost accounting chapter 17 process costing solution manual...

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CHAPTER 17 PROCESS COSTING 17-42 (25-30 min.) Operation costing, equivalent units. 1. Materials and conversion costs of each operation, the total units produced, and the material and conversion cost per unit for the month of May are as follows: Extrusion Form Trim Finish 1. Units produced 11,000 11,000 5,000 2,000 2. Materials costs $132,000 $ 44,000 $15,000 $12,000 3. Materials cost per unit (2 ÷1) 12.00 4.00 3.00 6.00 4. Conversion costs 269,500 132,000 69,000 42,000 5. Conversion cost per unit (4 ÷ 1) 24.50 12.00 13.80 21.00 The unit cost and total costs in May for each product are as follows: Standard Deluxe Executive Cost Elements Model Model Model Extrusion materials $ 12.00 $ 12.00 $ 12.00 Form materials 4.00 4.00 4.00 Trim materials 3.00 3.00 Finish materials 6.00 Extrusion conversion 24.50 24.50 24.50 Form conversion 12.00 12.00 12.00 Trim conversion 13.80 13.80 Finish conversion
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Unformatted text preview: – – 21.00 Total unit cost $ 52.50 $ 69.30 $ 96.30 Multiply by units produced × 6,000 × 3,000 × 2,000 Total product costs $315,000 $207,900 $192,600 2. Equivalent Unit Cost Units Total Costs Deluxe model work-in process costs at the trim operation Extrusion material (100% complete when transferred in) $12.00 1,000 $12,000 Extrusion conversion (100% complete when transferred in) 24.50 1,000 24,500 Form material (100% complete when transferred in) 4.00 1,000 4,000 Form conversion (100% complete when transferred in) 12.00 1,000 12,000 Trim material (100% complete) 3.00 1,000 3,000 Trim conversion (60% complete) 13.80 600* 8,280 Work-in-process costs $63,780 *1,000 units × 60% complete http://faculty.kirkwood.edu/hhansel/costsol.htm...
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This note was uploaded on 11/15/2010 for the course BUSI BUS taught by Professor Gg during the Spring '10 term at CUNY Baruch.

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cost accounting chapter 17 process costing solution manual...

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