P11-3 San Diego Company has two departments in producing its product. On March 2015,Department B provided us the following information:In process, beginningReceived from Dept. AUnits:30,000 1/3 completed80,00050,000Finished & transferredFinished & on hand20,000In process, end.Lost units discavered at end of the process? 30% completed4,00045,000In process, beginningReceived from Dept. ACosts:120,000Cost added:160,00090,00040,000MaterialsLaborOverheadRequired: Prepare a cost of production report.unitc as snoiled (normal).

In the given question, lost units are discovered at the end, so the costs are consumed fully by…

P11-3 San Diego Company has two departments in producing its product. On March 2015, Department B provided us the following information: In process, beginning Received from Dept. A Units: 30,000 1/3 completed 80,000 Finished & transferred 50,000 20,000 ? 30% completed Finished & on hand In process, end. Lost units discavered at end of the process 4,000 process, beginning Received from Dept. A Cost added: 45,000 120,000 Costs: In 160 000

P11-3 San Diego Company has two departments in producing its product. On March 2015, Department B provided us the following information: In process, beginning Received from Dept. A Units: 30,000 1/3 completed 80,000 Finished & transferred 50,000 20,000 ? 30% completed Finished & on hand In process, end. Lost units discavered at end of the process 4,000 process, beginning Received from Dept. A Cost added: 45,000 120,000 Costs: In 160 000

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter5: Process Cost Accounting—general Procedures

Section: Chapter Questions

Problem 10E: AAA Appliances Inc. has two production departments. The nature of the process is such that no units...

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AAA Appliances Inc. has two production departments. The nature of the process is such that no units remain in process in Finishing at the end of the period. At the beginning of the period, 10,000 units with a cost of 30,000 were transferred from Assembly to Finishing. Finishing incurred costs of 8,800 for materials, 7,200 for labor, and 8,800 for factory overhead, and finished 10,000 units during the month. Using the data in E5-9, prepare a statement of cost of goods manufactured for the month ended January 31, 2016, assuming that no further work was done in Assembly during January.
E3-5 In Kagan Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2011 are as follows.E3-9 Cederholm Company has gathered the following information. Units in beginning work in process -0- Units started into production 36000 Units in ending work in process 6000 Percent complete in ending work in process: Conversion costs 40% Materials 100% Costs incurred: Direct materials 72,000 Direct labor 81,000 Overhead 97,200 Compute equivalent units of production for materials and for conversion costs.
E5-4A Stage Two ABC for Manufacturing Assume The Sherwin-Williams Company, a large paint manufacturer, has determined the following activity cost pools and cost driver levels for the latest period: Activity Cost Pool Activity Cost Activity Cost Driver Machine setup $900,000 2,500 setup hours Materials handling 820,000 4,000 materials moves Machine operation 400,000 20,000 machine hours The following data are for the production of singles batches of two products, Mirlite and Subdue: Mirlite Subdue Gallons produced $60,000 25,000 Direct labor hours 400 250 Machine hours 800 250 Direct labor cost $10,000 $7,500 Direct materials cost $360,000 $150,000 Setup hours 15 12 Materials moves…
E5-3A Stage Two ABC for Manufacturing: Reassigning Costs to Cost Objectives National Technology, LTD. has developed the following activity cost information for its manufacturing activities: Activity Activity Cost Machine setup $60.00 per batch Movement 15.00 per batch 0.10 per pound Drilling 3.00 per hole Welding 4.00 per inch Shaping 25.00 per hour Assembly 18.00 per hour Inspection 2.00 per unit Filling an order for a batch of 50 fireplace inserts that weighed 100 pounds each required the following: * Four batch moves * Two sets of inspections * Drilling ten holes in each unit * Completing 100 inches of welds on each unit * Forty-five minutes of shaping for each unit * One hour…
Integrity Co. had the following production data (in units) for the month of July 2022:Work in process, beginning- 2,000Started during the period- 90,000Spoiled units- 8,000Work in Process, ending- 6,000Materials are added at the beginning of the process. As to conversion cost, the beginning WIP was 80% incomplete and ending Work In process was 70% completed. Spoilage is detected at the end of the process.What is the equivalent of units for July 2022 for conversion cost? (No need to put P sign and word units)
E1-12 Cepeda Corporation has the following cost records for June 2014.Indirect factory labor $ 4,500 Factory utilities $ 400Direct materials used 20,000 Depreciation, factory equipment 1,400Work in process, 6/1/14 3,000 Direct labor 40,000Work in process, 6/30/14 3,800 Maintenance, factory equipment 1,800Finished goods, 6/1/14 5,000 Indirect materials 2,200Finished goods, 6/30/14 7,500 Factory manager’s salary 3,000Instructions(a) Prepare a cost of goods manufactured schedule for June 2014.
E1-12 Cepeda Corporation has the following cost records for June 2014.Indirect factory labor $ 4,500 Factory utilities $ 400Direct materials used 20,000 Depreciation, factory equipment 1,400Work in process, 6/1/14 3,000 Direct labor 40,000Work in process, 6/30/14 3,800 Maintenance, factory equipment 1,800Finished goods, 6/1/14 5,000 Indirect materials 2,200Finished goods, 6/30/14 7,500 Factory manager’s salary 3,000Instructions(a) Prepare a cost of goods manufactured schedule for June 2014.(b) Prepare an income statement through gross profi t for June 2014 assuming sales revenue is $92,100.
Eddie Company had the following data available:Direct materials purchased on account P74,000Direct materials requisitioned P41,000Direct-labor cost incurred P65,000Factory overhead incurred P77,000Factory overhead applied P85,000Work in process is increased by _____. a) P334,250 b) P191,000 c) P179,000 d) P139,000
INFORMATIONWaterloo Ltd uses two processes to manufacture desks. The following details are applicable to Process 2 forMarch 2022:Details in connection with costs:RIncomplete work (opening): 1 440 000Costs of previous process 1 134 000Direct materials 198 000Conversion costs 108 000Costs incurred during March 2022: 3 096 000Transferred from previous process 2 034 000Direct materials 378 000Conversion costs 684 000 4 536 000 Production detailsUnitsUnits of incomplete work…
INFORMATIONWaterloo Ltd uses two processes to manufacture desks. The following details are applicable to Process 2 forMarch 2022:Details in connection with costs:RIncomplete work (opening): 1 440 000Costs of previous process 1 134 000Direct materials 198 000Conversion costs 108 000Costs incurred during March 2022: 3 096 000Transferred from previous process 2 034 000Direct materials 378 000Conversion costs 684 000 4 536 000 Production detailsUnitsUnits of incomplete work…
INFORMATIONWaterloo Ltd uses two processes to manufacture desks. The following details are applicable to Process 2 forMarch 2022:Details in connection with costs:RIncomplete work (opening): 1 440 000Costs of previous process 1 134 000Direct materials 198 000Conversion costs 108 000Costs incurred during March 2022: 3 096 000Transferred from previous process 2 034 000Direct materials 378 000Conversion costs 684 000 4 536 000 Production detailsUnitsUnits of incomplete work…
Q8 Read the following Case and write appropriate answer with calculation related to case A product is manufactured as a result of two processes, A and B. details of process B for the month of august were as follow: Particulars Rs Materials transferred from process A 10,000 kg valued at Rs.40,500 Labor Costs 1,000 hours valued Rs.5.616 Overheads 50% of labor cost Output transferred to finished goods 8000 kg Closing work in progress 900 kg Normal loss is 10% of input and losses do not have scrap value. Closing work in progress is 100% complete for material, and 75% complete for both labor and overheads. i)What is the value of the abnormal loss in Rs? Nil 489 544 546 12. ii) What is the value of the output (finished units) nearest to Rs? Rs.43,977 Rs.39,139 Rs.43,488 Rs.43,680 iiI) What are the equivalent units of production as to material and labor & overheads in August? Material…