The Matis Manufacturing Company manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows: Mixing Finishing Quantity Data: WIP, beg Stage of Completion Materials Conversion Cost Started in Process 5,000 6,000 100% 50% -0- 60% 10,000 10,000 5,000 Transferred to the next Dep't. WIP, end Stage of Completion Materials Conversion Cost Cost data: 11,000 5,000 80% 40% -0- 50% Cost in WIP, beg Costs from preceding Dep't Materials Direct labor P63,000 P42,000 35,000 20,500 62,500 45,000 Factory Overhead Costs added this month Materials Direct labor 90,000 52,000 37,500 140,000 90,000 Factory Overhead
The Matis Manufacturing Company manufactures a single product in two producing departments. For the month of April, the cost and production data were as follows: Mixing Finishing Quantity Data: WIP, beg Stage of Completion Materials Conversion Cost Started in Process 5,000 6,000 100% 50% -0- 60% 10,000 10,000 5,000 Transferred to the next Dep't. WIP, end Stage of Completion Materials Conversion Cost Cost data: 11,000 5,000 80% 40% -0- 50% Cost in WIP, beg Costs from preceding Dep't Materials Direct labor P63,000 P42,000 35,000 20,500 62,500 45,000 Factory Overhead Costs added this month Materials Direct labor 90,000 52,000 37,500 140,000 90,000 Factory Overhead
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 30E: Proteger Company manufactures insect repellant lotion. The Mixing Department, the first process...
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