to be accounted for: Work in process, April 1 Cost added during the month otal cost to be accounted for ost accounted for as follows: Work in process, April 30 Transferred to next department 33,853 110,428 $ 144,281 36,365 107,916 $ 144, 281 ptal cost accounted for nagement would like some additional information about Cooperative San José's operations. uired: "hat were the Mixing Department's equivalent units of production for materials and conversion for A. /hat were the Mixing Department's cost per equivalent unit for materials and conversion for April? T sisted of the following costs: materials,$22,989; and conversion cost, $10,864. The costs added du erials, $74,928; and conversion cost, $35,500. ow many of the units transferred out of the Mixing Department in April were started and completed he manager of the Mixing Department stated, “Materials prices jumped from about $2.10 per unit in I, but due to good cost control I was able to hold our materials cost to less than $2.60 per unit for th ewarded for good cost control? Complete this question by entering your answers in the tabs below.
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![Cost Reconciliation
Cost to be accounted for:
Work in process, April 1
Cost added during the month
$4
33,853
110,428
Total cost to be accounted for
$ 144,281
Cost accounted for as follows:
Work in process, April 30
Transferred to next department
$4
36,365
107,916
$ 144,281
Total cost accounted for
Management would like some additional information about Cooperative San José's operations.
Required:
. What were the Mixing Department's equivalent units of production for 'materials and conversion for April?
2. What were the Mixing Department's cost per equivalent unit for materials and conversion for April? The beginning inventory
consisted of the following costs: materials, $22,989; and conversion cost, $10,864. The costs added during the month consisted of:
naterials, $74,928; and conversion cost, $35,500.
B. How many of the units transferred out of the Mixing Department in April were started and completed during that month?
1. The manager of the Mixing Department stated, “Materials prices jumped from about $2.10 per unit in March to $2.60 per unit in
April, but due to good cost control I was able to hold our materials cost to less than $2.60 per unit for the month." Shpuld this manager
pe rewarded for good cost control?
Complete this question by entering your answers in the tabs below.
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Required 1
Required 2
Required 3
Required 4](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0cb2f02f-d42c-4648-b822-f9339afdd501%2F9c59994e-216c-4c56-bab4-40fd594858b1%2Ffz5vod_processed.jpeg&w=3840&q=75)
![Cooperative San José of southern Sonora state in Mexico makes a unique syrup using cane sugar and local herbs. The syrup is sold in
small bottles and is prized as a flavoring for drinks and for use in desserts. The bottles are sold for $12 each. The first stage in the
production process is carried out in the Mixing Department, which removes foreign matter from the raw materials and mixes them in
the proper proportions in large vats. The company uses the weighted-average method in its process costing system.
A hastily prepared report for the Mixing Department for April appears below:
Units to be accounted for:
Work in process, April 1 (materials 90% complete;
conversion 80% complete)
Started into production
9,700
31,900
Total units to be accounted for
41,600
Units accounted for as follows:
Transferred to next department
Work in process, April 30 (materials 75% complete;
conversion 50% complete)
Total units accounted for
27,600
14,000
41,600
Cost Reconciliation
o be accounte
Work in process, April 1
Cost added during the month
Cost
for:
$
33,853
110,428
Total cost to be accounted for
$ 144,281
Cost accounted for as follows:
24
Work in process, April 30
Transferred to next department
36,365
107,916
$ 144,281
Total cost accounted for
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