(a) Develop a physical flow schedule for the mixing department for the month of May.(b) Calculate the equivalent units of production for materials and conversion of the mixingdepartment for the month of May.(c) Calculate the unit cost for materials and conversion of the mixing department for the month of May.(d) Calculate the costs of units transferred out and the cost of EWIP for the mixing department for the month of May.(e) Develop a cost reconciliation for the mixing department for the month of May. Noora Company manufactures quality hair care product. The ingredients are combined in themixing department and put in 16-ounce containers in the packaging department. Thefollowing information pertains to the mixing department for the month of May 2021:[Syarikat Noora mengeluarkan produk penjagaan rambut berkualiti. Bahan-bahan digabungkan di jabatanpencampuran dan dimasukkan ke dalam bekas-bekas 16 auns di jabatan pembungkusan. Maklumat berikutadalah berkaitan dengan jabatan pencampuran bagi bulan Mei 2021:]Table 1: Cost and Production Data for the Mixing Department for May[Jadual 1: Data Kos dan Pengeluaran untuk Jabatan Pencampuran bagi Mei]Production:UnitsUnits in process, May 1(100% complete materials, 75% labor and overhead)10,000Started during May50,000Units in process, May 31(100% complete materials, 50% labor and overhead)8,000Costs:RMWork in process, May 1Materials15,000Direct labor20,000Manufacturing overhead17,560Total costs52,560Cost added during MayMaterials90,000Direct labor120,000Manufacturing overhead100,000Total costs310,000Noora Company had used the weighted-average method.[Syarikat Noora telah menggunakan kaedah purata wajaran.]

Name: (a) Develop a physical flow schedule for the mixing department for the
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: (a) Develop a physical flow schedule for the mixing department for the month of May.(b) Calculate the equivalent units of production for materials and conversion of the mixingdepartment for the month of May.(c) Calculate the unit cost for materials a

A weighted average is a method that analyzes the relative value of the variables in a collection of…

Business

Accounting

Noora Company manufactures quality hair care product. The ingredients are combined in the mixing department and put in 16-ounce containers in the packaging department. The following information pertains to the mixing department for the month of May 2021: [Syarikat Noora mengeluarkan produk penjagaan rambut berkualiti. Bahan-bahan digabungkan di jabata pencampuran dan dimasukkan ke dalam bekas-bekas 16 auns di jabatan pembungkusan. Maklumat beriku adalah berkaitan dengan jabatan pencampuran bagi bulan Mei 2021:] Table 1: Cost and Production Data for the Mixing Department for May [Jadual 1: Data Kos dan Pengeluaran untuk Jabatan Pencampuran bagi Mei] Production: Units Units in process, May 1 (100% complete materials, 75% labor and overhead) 10,000 Started during May 50,000 Units in process, May 31 (100% complete materials, 50% labor and overhead) 8,000 Costs: RM Work in process, May 1 Materials 15,000 Direct labor 20,000 Manufacturing overhead 17,560 Total costs 52,560 Cost added during May Materials 90,000 Direct labor 120,000 Manufacturing overhead 100,000 Total costs 310,000 Noora Company had used the weighted-average method. [Syarikat Noora telah menggunakan kaedah purata wajaran.]

Noora Company manufactures quality hair care product. The ingredients are combined in the mixing department and put in 16-ounce containers in the packaging department. The following information pertains to the mixing department for the month of May 2021: [Syarikat Noora mengeluarkan produk penjagaan rambut berkualiti. Bahan-bahan digabungkan di jabata pencampuran dan dimasukkan ke dalam bekas-bekas 16 auns di jabatan pembungkusan. Maklumat beriku adalah berkaitan dengan jabatan pencampuran bagi bulan Mei 2021:] Table 1: Cost and Production Data for the Mixing Department for May [Jadual 1: Data Kos dan Pengeluaran untuk Jabatan Pencampuran bagi Mei] Production: Units Units in process, May 1 (100% complete materials, 75% labor and overhead) 10,000 Started during May 50,000 Units in process, May 31 (100% complete materials, 50% labor and overhead) 8,000 Costs: RM Work in process, May 1 Materials 15,000 Direct labor 20,000 Manufacturing overhead 17,560 Total costs 52,560 Cost added during May Materials 90,000 Direct labor 120,000 Manufacturing overhead 100,000 Total costs 310,000 Noora Company had used the weighted-average method. [Syarikat Noora telah menggunakan kaedah purata wajaran.]

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter6: Process Costing

Section: Chapter Questions

Problem 61P: Mimasca Inc. manufactures various holiday masks. Each mask is shaped from a piece of rubber in the...

See similar textbooks

Similar questions

Noora Company manufactures quality hair care product . The ingredients are combine in the mixing department and put in 16 - ounce containers in the packaging department . The following information pertains to the mixing department for the month of May 2021 : Required: D) Develop a cost reconciliation for the mixing department for the month of May .
Noora Company manufactures quality hair care product. The ingredients are combined in themixing department and put in 16-ounce containers in the packaging department. Thefollowing information pertains to the mixing department for the month of May 2021: Develop a cost reconciliation for the mixing department for the month of May.
Noora Company manufactures quality hair care product. The ingredients are combined in themixing department and put in 16-ounce containers in the packaging department. Thefollowing information pertains to the mixing department for the month of May 2021: c. Calculate the unit cost for materials and conversion of the mixing department for themonth of May.(d) Calculate the costs of units transferred out and the cost of EWIP for the mixingdepartment for the month of May.
Noora Company manufactures quality hair care product . The ingredients are combine in the mixing department and put in 16 - ounce containers in the packaging department . The following information pertains to the mixing department for the month of May 2021 : Required: a)Develop a physical flow schedule for the mixing department for the month of May b) Calculate the unit cost for materials and conversion of the mixing department for the month of May .
Noora Company manufactures quality hair care product. The ingredients are combined in themixing department and put in 16-ounce containers in the packaging department. Thefollowing information pertains to the mixing department for the month of May 2021: Noora Company had used the weighted-average method.Required:(a) Develop a physical flow schedule for the mixing department for the month of May. (b) Calculate the equivalent units of production for materials and conversion of the mixingdepartment for the month of May.
Eyring Manufacturing produces a component used in its production of washing machines. The time to set up and produce a batch of the components is two days. The average daily usage is 800 components, and the maximum daily usage is 875 components. Required: Compute the reorder point assuming that safety stock is carried by Eyring Manufacturing. How much safety stock is carried by Eyring?
Mimasca Inc. manufactures various holiday masks. Each mask is shaped from a piece of rubber in the molding department. The masks are then transferred to the finishing department, where they are painted and have elastic bands attached. Mimasca uses the weighted average method. In May, the molding department reported the following data: a. BWIP consisted of 15.000 units, 20% complete. Cost in beginning inventor) totaled 1,656. b. Costs added to production during the month were 26,094. c. At the end of the month, 45.000 units were transferred out to finishing. Then, 5,000 units remained in EWIP, 25% complete. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production. 3. Compute unit cost. 4. Calculate the cost of goods transferred to finishing at the end of the month. Calculate the cost of ending inventor). 5. CONCEPTUAL CONNECTION Assume that the masks are inspected at the end of the molding process. Of the 45,000 units inspected, 2,500 are rejected as faulty and are discarded. Thus, only 42,500 units are transferred to the finishing department. The manager of Mimasca considers all such spoilage as abnormal and does not want to assign any of this cost to the 42.500 good units produced and transferred to finishing. Your task is to determine the cost of this spoilage of 2,500 units and then to discuss how you would account for this spoilage cost. Now suppose that the manager feels that this spoilage cost is just part of the cost of producing the good units transferred out. Therefore, he wants to assign this cost to the good production. Explain how this would be handled. (Hint: Spoiled units are a type of output, and equivalent units of spoilage can be calculated.)
Dama Company produces womens blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Damas controller prepared the following equivalent units schedule for the Cutting Department: Costs in beginning work in process were direct materials, 20,000; conversion costs, 80,000. Manufacturing costs incurred during April were direct materials, 240,000; conversion costs, 320,000. Required: 1. Prepare a physical flow schedule for April. 2. Compute the cost per equivalent unit for April. 3. Determine the cost of ending work in process and the cost of goods transferred out. 4. Prepare the journal entry that transfers the costs from Cutting to Sewing.
Alkozay Ltd. Manufactures started production of its new product line (shirts) in the month of November, which it sells to customers for embroidering with various slogans and emblems. The standard cost card for the shirts is as follows. Standard Price Standard Quantity Standard Cost Direct materials AFN 1.60 per yard 1.25 yards AFN 2.00 Direct labor AFN 12 per DLH 0.25 DLH 3.00 Variable overhead AFN 4 per DLH 0.25 DLH 1.00 Fixed overhead AFN 6 per DLH 0.25 DLH 1.50 AFN 7.50 Bilal Nabi, operations manager, was reviewing the results for November when he became upset by the unfavorable variances he was seeing. In an attempt to understand what had happened, Bilal Nabi asked CFO Muhammad Javid for more information. He provided the following overhead budgets, along with the actual results for November.The company purchased and used 112,000 yards of fabric during the month. Fabric purchases during the month were made at AFN 1.45 per yard. The direct labor payroll ran…
Suds & Cuts is a local pet grooming shop owned by Collin Bark. Collin has prepared the following standard cost card for each dog bath given: Standard Quantity Standard Rate Standard Unit Cost Shampoo 1.4 oz. $ 0.40 per oz. $ 0.56 Water 12 gal. $ 0.04 per gal. 0.48 Direct labor 0.9 hr. $ 9.00 per hr. 8.10 During the month of July, Collin’s employees gave 320 baths. The actual results were 710 ounces of shampoo used (cost of $340.80), 6,200 gallons of water used (cost of $434), and labor costs for 260 hours (cost of $2,756). Required: 1. Calculate Suds & Cuts direct materials variances for both shampoo and water for the month of July. 2. Calculate Suds & Cuts direct labor variances for the month of July.
Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. Work-in-process, October 1: -0- Transfer from Moulding: 2,000 units valued at $336.40 each Other manufacturing costs incurred during October: Direct material added Direct Manufacturing Wages Manufacturing Overhead Applied $202,120 $212,840 $306,160 Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12½% 1,200 pieces were completed and transferred out to the…
Michael’s Pottery makes decorative garden pieces using three consecutive processes: Moulding, Baking & Spraying. Quality control check takes place during the process, at which point, rejected units are separated from good units. The following details relate to production for the month of October 2020, for the Baking Department. Work-in-process, October 1: -0- Transfer from Moulding: 2,000 units valued at $336.40 each Other manufacturing costs incurred during October: Direct material added Direct Manufacturing Wages Manufacturing Overhead Applied $202,120 $212,840 $306,160 Normal losses are estimated to be 5% of the units transferred in during the period. Losses from the Baking Department are deemed to be scrap and sold at $382 each. At inspection 300 decorative pieces were rejected as scrap. These units had reached the following degree of completion: From Moulding 100% Direct material added 40% Conversion costs 12½% 1,200 pieces were completed and transferred out to the…