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 2. Goods completed during April cost \$2,002,000 (26,000 units x \$77) as the following
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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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