Three 15 in process four 20 in process five if 600

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Accounting
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Chapter 3 / Exercise 5
Accounting
Reeve/Warren
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three; 15% in process four; 20% in process five. If 600 units are started, the EUP with respect to labor and overhead are __________ after process 2. 23. A manufacturing company has five processes. Half of the materials are added at the beginning of process one and the other half at the beginning of process three. Labor and overhead are added: 20% in process one; 30% in process two; 15% in process three; 15% in process four; 20% in process five. If 600 units are started, the EUP with respect to labor and overhead are __________ after process 3. 24. List the four steps involving analysis when accounting for a department's activity, with the first step listed on top. 25. Process operations is defined as a manufacturing process that includes: 26. The journal entry to record the purchase of materials on account in process cost accounting is a(n): 27. Department D had materials costs of $10,000 in beginning goods in process inventory and added an additional $50,000 in materials costs this period. If the department had 20,000 EUP for materials, the cost per equivalent unit of production is $________ 28. The parts of the process cost summary include:
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Accounting
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Chapter 3 / Exercise 5
Accounting
Reeve/Warren
Expert Verified
29. The journal entry to record the transfer of partially completed work in process to the next process in process costing is a(n): 30. Department A had a beginning inventory balance of 25 units. During the accounting period, the department started an additional 275 units and had an ending balance of 50 units. ________ units were transferred out. 31. Match each product with the type of manufacturing most likely to be used – job order or process operations. 32. In a process operation, each process has a separate department which will accumulate costs for each of the following: 33. The cost object in a job order system is the ______ and the cost object in a process costing system is the _______. 34. A manufacturing department had 10,000 EUP for materials and 6,000 for labor and overhead. The department had $17,250 in materials costs and $2500 in labor and overhead costs in beginning goods in process inventory and added and additional $40,250 in materials costs and $5,000 in labor and overhead costs this period. The cost per equivalent unit f production for materials is ______ and for labor and overhead is _______.
35. 2. 36. The beginning balance in Goods in Process Inventory is $60,000. During the accounting period, the department incurred the following costs: materials - $22,000; labor - $76, 000; overhead - $142,000. The ending balance in Goods in Process inventory is $106,000. The maount transferred to Finished Goods Inventory is: 37. 38. 39. 3. 40. Beginning work in process are 25,000 units and Units started this period are 75,000 units. The total units to account for are: 41. 42. 43. 4.

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