The following data are for four independent process- costing departments. Inputs are added continuously. B Beginning inventory Percent completion Units started Ending inventory Percent completion Department A Department B Department C Department A 5,000 D 35% 21,000 4,000 25% 4,000 Equivalent Units 75% C 18,000 49,000 10,000 30% D 44,000 65% Compute the equivalent units of production for each of the preceding departments using the weighted average method. 37,000 11,000 25%

The following data are for four independent process- costing departments. Inputs are added continuously. B Beginning inventory Percent completion Units started Ending inventory Percent completion Department A Department B Department C Department A 5,000 D 35% 21,000 4,000 25% 4,000 Equivalent Units 75% C 18,000 49,000 10,000 30% D 44,000 65% Compute the equivalent units of production for each of the preceding departments using the weighted average method. 37,000 11,000 25%

Name: Equivalent Units: Weighted Average MethodThe following data are for f
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Description: Equivalent Units: Weighted Average MethodThe following data are for four independent process-costing departments. Inputs are added continuously.BBeginninginventoryPercentcompletionUnits startedEndinginventoryPercentcompletionDepartment ADepartment B

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 18E: The following data are for four independent process-costing departments. Inputs are added...

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The following data are for four independent process-costing departments. Inputs are added continuously. Required: Compute the equivalent units of production for each of the preceding departments using the weighted average method.
Refer to the data in Exercise 7.22. The support departments are ranked in order of highest cost to lowest cost. Required: 1. Allocate the costs of the support departments using the sequential method. (Round allocation ratios to four significant digits. Round allocated costs to the nearest dollar.) 2. Using direct labor hours, compute departmental overhead rates. (Round to the nearest cent.)
Refer to the data in Exercise 7.22. The company has decided to simplify its method of allocating support service costs by switching to the direct method. Required: 1. Allocate the costs of the support departments to the producing departments using the direct method. (Round allocation ratios to four significant digits. Round allocated costs to the nearest dollar.) 2. Using direct labor hours, compute departmental overhead rates. (Round to the nearest cent.)
Refer to the data in Exercise 7.20. The company has decided to use the sequential method of allocation instead of the direct method. The support departments are ranked in order of highest cost to lowest cost. Required: 1. Allocate the overhead costs to the producing departments using the sequential method. (Take allocation ratios out to four significant digits. Round allocated costs to the nearest dollar.) 2. Using machine hours, compute departmental overhead rates. (Round the overhead rates to the nearest cent.)
Refer to Cornerstone Exercise 7.3. Now assume that Valron Company uses the sequential method to allocate support department costs. The support departments are ranked in order of highest cost to lowest cost. Required: 1. Calculate the allocation ratios (rounded to four significant digits) for the four departments using the sequential method. 2. Using the sequential method, allocate the costs of the Human Resources and General Factory departments to the Fabricating and Assembly departments. (Round all allocated costs to the nearest dollar.) 3. What if the allocation ratios in Requirement 1 were rounded to six significant digits rather than four? How would that affect any rounding error in the allocation of costs?
Refer to the data in Exercise 7.18. When the capacity of the HR Department was originally established, the normal usage expected for each department was 20,000 direct labor hours. This usage is also the amount of activity planned for the two departments in Year 1 and Year 2. Required: 1. Allocate the costs of the HR Department using the direct method and assuming that the purpose is product costing. 2. Allocate the costs of the HR Department using the direct method and assuming that the purpose is to evaluate performance.
(Appendix 4B) Sequential Method of Support Department Cost Allocation Refer to Exercise 4-51 for data. Now assume that Stevenson uses the sequential method to allocate support department costs to the operating divisions. General Factory is allocated first in the sequential method for the company. Required: 1. Calculate the allocation ratios for Power and General Factory. (Note: Carry these calculations out to four decimal places.) 2. Allocate the support service costs to the operating divisions. (Note: Round all amounts to the nearest dollar.) 3. Assume divisional overhead rates are based on direct labor hours. Calculate the overhead rate for the Battery Division and for the Small Motors Division. (Note: Round overhead rates to the nearest cent.)
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.
Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Each department uses the weighted average method. For each department, assume that direct Materials are placed in process during production. a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
EQUIVALENT UNITS—WEIGHTED AVERAGE METHODThe following data are for four independent process-costing departments. Inputs areadded continuously.ABCDBeginning inventory 3,000 2,000 — 25,000Percent completion 30% 75% — 60%Units started 19,000 20,000 48,000 35,000Ending inventory 4,000 — 8,000 10,000Percent completion 20% — 25% 10%Required:Compute the equivalent units of production for each of the preceding departments using the weighted average method.
The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 5,000 4,000 — 45,000 Percent completion 30% 75% — 60% Units started 24,000 21,000 49,000 35,000 Ending inventory 4,000 — 9,000 12,000 Percent completion 20% — 30% 20% Required: Compute the equivalent units of production for each of the four departments using the FIFO method Department A ? Department B? Department C? Department D ?
Equivalent Units: Weighted Average Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D Beginning inventory 8,000 3,000 — 48,000 Percent completion 40% 80% — 70% Units started 28,000 22,000 45,000 33,000 Ending inventory 7,000 — 8,000 13,000 Percent completion 30% — 20% 30% Required: Compute the equivalent units of production for each of the preceding departments using the weighted average method. Equivalent Units Department A fill in the blank 1 Department B fill in the blank 2 Department C fill in the blank 3 Department D fill in the blank 4