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Chap004 (dragged) 23

# Chap004 (dragged) 23 - calculations show Physical Units...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 24 Solutions Manual PROBLEM 4-32 (35 MINUTES) 1. Direct material cost was \$1,390,000: JR1163 ................................ \$ 225,000 JY1065 ................................ 710,000 DC0766 ............................... 455,000 Total .............................. \$1,390,000 Texarkana Corporation’s total direct-labor payroll amounted to \$134,274 for 6,394 hours of work (\$134,274 ÷ \$21 per hour). Thus, conversion cost was \$575,460: Direct labor……………………………….…….. \$134,274 Overhead applied (6,394 hours x \$69)…….. 441,186 Total………………………………………….. \$575,460
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Unformatted text preview: calculations show: Physical Units Percentage Of Completion With Respect to Conversion Equivalent Units Direct Material Conversion Work in process, April 1………………. 3,000 80% Units started during April……………. . 27,000 Total units to account for……………. . 30,000 Units completed and transferred out during April……………………. . 26,000 100% 26,000 26,000 Work in process, April 30……………. . 4,000 4 5 % 4 , 1 , 8 Total units accounted for……………. .. 30,000 Total equivalent units…………………. . 30,000 2 7 , 8...
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