The total costs would be 500000 450000 80 x 25000

This preview shows page 6 - 8 out of 8 pages.

the total costs would be 500,000 + 450,000 + (80 x 25,000) = 2,000,000 = $2,950,000
Points Received: 30 of 30 Comments: Question 5. Question : (TCO 3) Adnan Company uses process costing. At the beginning of the month, there were 8,000 units in process, 90% complete with respect to material and 80% complete with respect to conversion costs. 40,000 units were started during the month and 40,000 units were completed.
The units in ending Work-In-Process Inventory were 70% complete with respect to material and 10% complete with respect to conversion costs. How many equivalent units will be used in calculating the cost per unit for materials?
Points Received: 15 of 30 Comments: we do not use percentage of completion for beginning WIP Question 6. Question : (TCO 6) Handy Display Company manufactures display cases to be sold to retail stores. The cases come in three sizes: large, medium, and small. Currently, Handy Display Company uses a single plant-wide overhead rate to allocate its $3,357,800 of annual manufacturing overhead. Of this amount, $820,000 is associated with the Large Case line, $1,276,800 is associated with the Medium Case line, and $1,261,000 is associated with the Small Case line. Handy Display Company is currently running a total of 33,000 machine hours: 10,000 in the Large Case line, 13,300 in the Medium Case line, and 9,700 in the Small Case line. Handy Display Company uses machine hours as the cost driver for manufacturing overhead costs. Requirement: Calculate the departmental overhead rate for each of the three departments listed.
Points Received: 30 of 30 Comments: Question 7. Question : (TCO 2) Fred Co. incurred costs of $900,000 for direct materials (raw) purchased. Direct labor was $10,000 and factory overhead was $10,000 for March.
Inventories were as follows: raw materials beginning $1,000; raw materials ending $2,000 work-in-process beginning $190,000; work-in-process ending $170,000 finished goods beginning $10,000; finished goods ending $10,500 What is the cost of goods manufactured? Please show your work.
Points Received: 30 of 30 Comments:

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture