Answered: The equivalent units of production for…

Name: The equivalent units of production for materials for March is:Select
Uploaded: 2024-03-20T06:32:49.000Z
Channel: Bartleby
Description: The equivalent units of production for materials for March is:Select one:O a. 26,500O b. 31,500O c 11,500O d. None of the answers are correctO e. 21,500

Business

Accounting

The equivalent units of production for materials for March is: Select one: O a. 26,500 O b. 31,500 O c 11,500 O d. None of the answers are correct O e. 21,500

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 32P: Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a...

See similar textbooks

Similar questions

The following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Refer to the data in Problem 6.31. Assume that the FIFO method is used. Required: 1. Prepare a physical flow schedule. 2. Calculate equivalent units of production for direct materials and conversion costs. 3. Compute unit cost. Round to three decimal places. 4. Calculate the cost of goods transferred to Painting at the end of the month. Calculate the cost of ending inventory.
The following information is provided about three materials utilized in the production of a product: Material Standard Mix Standard Unit Price Standard Cost X 1,250 units $3.00 per unit $3,750 Y 750 units 5.00 per unit $3,750 Z 500 units 4.00 per unit $2,000 Yield 2,250 units During May, the following actual production information was provided: Material Actual Mix X 10,000 units Y 5,000 units Z 2,500 units Yield 15,000 units Yield 15,000 unitsWhat is the Material yield variance. a.$3,167(U) b.$6,333(F) c.$3,167(F) d.$6,333(U)
If 28,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted−average method is used. A. 5,600 units B. 28,000 units C. 22,400 units D. 33,600 units
Barium Corporation has provided the following data concerning its most important raw material. Compound XYY2 Standand cost Standard quantity Material used in production in August Actual output in August $ 27.40 per liter 5.5 liters per unit of output 2,390 liters 420 units When recording the use of materials in production under a standard costing system, Materials Inventory would be: Multiple Choice credited for $63,294. deblted for $63,294. credited for $65.486. debited for $65,486.
Vision LLC uses a weighted average process costing system. Materials are added at the beginning of production. Consider the data that follow. Number of Units Cost of Materials Beginning work in process 45,700 S 81, 100 Started in June 65, 100 175,000 Production completed 79, 800 Ending work in process 31,000 The company's cost per equivalent unit for materials is: Multiple Choice $1.58. $1.92. $1.48. 52.31. none of the answers is correct.
Requirements: USE WEIGHTED AVERAGE METHOD the unit cost of materials, rounded to 2 decimal places, for March is equivalent unit conversion cost, rounded to 2 decimal places, for March is the total equivalent units of production for direct materials is the total cost of the units in the ending work-in-process inventory at March 31 is
What is the total units to account for (TUTAF) in Department 1? a.20,000 b.18,500 c.19,000 d.18,000 What is the equivalent units of production (EUP) on Materials in Department 1? a.19,500 b.19,000 c.18,500 d.20,000 What is the equivalent units of production (EUP) on Materials in Department 2? a.18,500 b.19,000 c.18,275 d.18,850 What is the equivalent units of production (EUP) on conversion in Department 3? a.19,000 b.18,500 c.18,275 d.18,850 What is the average unit cost of finished goods transferred out from Department 3? a.14.89 b.15.23 c.15.17 d.15.36
a. Prepare a cost of production report for the Cutting Department. If an amount is zero or a blank, enter in "0". For the cost per equivalent unit computations, round your answers to two decimal places. The Cutting Department of Karachi Carpet Company provides the following data for January. Assume that all materials are added at the beginning of the process. Work in process, January 1, 8,200 units, 65% completed $103,894* *Direct materials (8,200 × $10.2) $83,640 Conversion (8,200 × 65% × $3.8) 20,254 $103,894 Materials added during January from Weaving Department, 126,400 units $1,301,920 Direct labor for January 219,708 Factory overhead for January 268,533 Goods finished during January (includes goods in process, January 1), 127,800 units — Work in process, January 31, 6,800 units, 40% completed — Cost of Production Report-Cutting Department For the Month Ended January 31 Unit Information Units charged to production: Number of…
a. Based on the data in Exercise 20-7 (Attachment), determine the following for March:1. Direct materials cost per equivalent unit2. Conversion cost per equivalent unit3. Cost of the beginning work in process completed during March4. Cost of units started and completed during March5. Cost of the ending work in processb. Assuming that the direct materials cost is the same for February and March, did the conversion cost per equivalent unit increase, decrease, or remain the same in March?
Acadia Company uses standard costs to account for its production of ZIP. The standard cost of one unit is given below:Material A: 20.00 kilograms @ €1.00 = €20.00Material B: 5.00 kilograms @ 2.40 = 12.00Direct labour: 4.75 hours @ 15.00 = 71.25Each material is added at the beginning of the process. Production data for June, 20X9, are as follows:a.Beginning work in progress, 15,000 units, 20% completeb.Started during the month, 37,000c.Ending work in progress, 14,000 units, 75% completed.Material A issued to production, 750,000 kilogramse.Material B issued to production, 184,000 kilogramsf.Direct labour cost was €3,248,250 for 213,000 hoursg.Assume that materials A and B are perfect substitutes. Required: on the sheeta. What is the material mix variance for material A? For material B? b.What is the material yield variance?
In November, Angerstein Co. computed its equivalent units costs under the FIFO process costing as follows: Direct Material P29.50 Packaging 3 Direct Labor 10.84 Overhead 7.68 Direct material and packaging are added at the start and end of processing, respectively. Beginning inventory cost was P1,026,810 and consisted of P789,000 direct material cost for 54,000 EUP P91,862 direct labor cost for 16,200 P145,908 overhead cost for 18,900 EUP Angerstein transferred a total of 370,000 units to finished goods during November and had 12,000 units in ending WIP inventory. The ending inventory units were 30% complete as to direct labor and 55% complete as to overhead. Questions:1. What was the cost of November's ending inventory? 2. What is the percentage of completion for the beginning inventory for overhead, direct labor, and direct material?