References Chapter 3 Quiz Camden County College /camdenccinstructure.com/courses/3788/assignments/35967?module itern id-88693 Question 6 View Policies Current Attempt in Progress The Assembly Department shows the following information: Units Beginning Work in Process 20200 Ending Work in Process 64800 Units Transferred Out 30400 How many total units are to be accounted for by the Assembly Department? O64800 O95200. O 75000. O 85000. eTextbook and Media At X

References Chapter 3 Quiz Camden County College /camdenccinstructure.com/courses/3788/assignments/35967?module itern id-88693 Question 6 View Policies Current Attempt in Progress The Assembly Department shows the following information: Units Beginning Work in Process 20200 Ending Work in Process 64800 Units Transferred Out 30400 How many total units are to be accounted for by the Assembly Department? O64800 O95200. O 75000. O 85000. eTextbook and Media At X

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 39P: FIFO Method, Two-Department Analysis Refer to the data in Problem 6.38. Required: Prepare a...

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Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,200,000 0.7 0.3 8. Purchasing materials Number of purchase orders 1,900 0.2 0.8 1. Developing test programs Engineering hours 11,500 0.25 0.75 3. Testing products Test hours 20,000 0.6 0.4 ABC assignments $155,000 $155,000 Total overhead cost $310,000 Required: 1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting dies cost pool $ 186,000…
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Radz Company has two support departments (Administration and Janitorial) and three producing departments (Fabricating, Assembly, and Finishing). Costs and activities are as follows: Administration Janitorial Fabricating Assembly Finishing direct cost $60000 $55000 $40000 $50000 $25000 number of employees 10 30 40 20 square feet 2000 1000 28000 15000 direct labour hours 5000 6000 1000 machine hours 1000 2000 5000 Administrative services are allocated based on the number of employees; janitorial services are allocated based on square footage. Overhead rates for the Fabricating and Assembly producing departments are based on direct labor hours while for Finishing department rate is based on machine hours. A recent job QW8 had the following…
Check my workCheck My Work button is now enabled Item 3 Logan Products has two production departments—assembly and finishing. These are supported by two service departments—sourcing (purchasing and handling of materials and human resources) and operations (work scheduling, supervision, and inspection). Logan has the following labor hours devoted by each of the service departments to the other departments. Total Labor Hours Used by Departments Sourcing Operations Assembly Finishing Sourcing - 20,000 40,000 60,000 Operations 10,000 - 60,000 50,000 The costs incurred in the plant are as follows: Departments Departmental Costs Sourcing $ 174,000 Operations 220,000 Assembly 416,000 Finishing 261,000 Total $ 1,071,000 Required: Use four decimal places (e.g., 33.3333%) in your calculation of percentages. 1. What are the costs allocated to the two production departments using (a) the direct method, (b) the step method, when…
27 Select the proper journal entry to record the movement of 1,700 units of part number 116B to work in process when each unit of 116B has a value of $2.00. Group of answer choices Raw Material Inventory 3,400 Work in Process 3,400 Work in Process 3,400 Raw Material Inventory 3,400 Work in Process 3,400 Cash 3,400 Work in Process 3,400 Factory Overhead 3,400
Simplifying the ABC System: Equally Accurate Reduced ABC Systems Selected activities and other information are provided for Patterson Company for its most recent year of operations. Expected ConsumptionRatios Activity Driver Quantity Wafer A Wafer B 7. Inserting dies Number of dies 2,200,000 0.7 0.3 8. Purchasing materials Number of purchase orders 1,900 0.2 0.8 1. Developing test programs Engineering hours 11,500 0.25 0.75 3. Testing products Test hours 20,000 0.6 0.4 ABC assignments $155,000 $155,000 Total overhead cost $310,000 Required: 1. Form reduced system cost pools for activities 7 and 8. Do not round interim calculations. Round your final answers to the nearest dollar. Inserting…
HELP WITH CORRECT ANSWER AND WORKING Schedule of Activity CostsQuality Control ActivitiesActivity CostProcess audits$48,200Training of machine operators27,000Processing returned products16,700Scrap processing (disposal)25,200Rework8,900Preventative maintenance28,100Product design43,800Warranty work6,900Finished goods inspection23,000 From the above schedule of activity costs, determine the total activity cost. a. $227,800 b. $99,000 c. $275,638 d. $149,700
Use the following information for Brief Exercises 4-34 and 4-35: Sanjay Company manufactures a product in a factory that has two producing departments, Assembly and Painting, and two support departments, S1 and S2. The activity driver for S1 is square footage, and the activity driver for S2 is number of machine hours. The following data pertain to Sanjay: Brief Exercises 4-35 (Appendix 4B) Sequential Method Refer to the information for Sanjay Company on the previous page. Now assume that Sanjay uses the sequential method to allocate support department costs. S1 is allocated first, then S2. Required: 1. Calculate the cost assignment ratios to be used under the sequential method for S2, Assembly, and Painting. Carry out your answers to four decimal places. 2. Allocate the overhead costs to the producing departments by using the sequential method.
Explain how each activity in this list can be associated with the corresponding unit or batch level provided. A. Assembling products: batch level B. Issuing raw materials: unit level C. Machine setup: unit level D. Inspection: batch level E. Loading the labeling machine: unit level F. Equipment maintenance: unit level G. Printing a banner: batch level H. Moving material: unit level i. ordering a part: unit level
FIFO Method, Two-Department Analysis Refer to the data in Problem 6.38. Required: Prepare a production report for each department using the FIFO method.
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…