Work in process, beginning.............Php 40,000 Costs added to production.........Php280,000 Costs transferred to next department....Php450,000 Work in process, ending..............Php 30,000 What were the transferred-in costs? A. Php160,000 B. Answer not given C. Php320,000 D. Php130,000 E. Php200,000

Work in process, beginning.............Php 40,000 Costs added to production.........Php280,000 Costs transferred to next department....Php450,000 Work in process, ending..............Php 30,000 What were the transferred-in costs? A. Php160,000 B. Answer not given C. Php320,000 D. Php130,000 E. Php200,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 10MC: Direct material costs $3 per unit, direct labor costs $5 per unit, and overhead is applied at the...

See similar textbooks

Similar questions

The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units one-fourth completed at a cost of 2,500 for materials, 1,400 for labor, and 1,800 for overhead. Production costs for the monthmaterials, 130,000; labor, 70,000; and factory overhead, 82,000. Units completed and transferred to stock45,000. Work in process, end of month5,000 units, one-half completed. Compute the months unit cost for each element of manufacturing cost and the total per unit cost. (Round unit costs to three decimal places.)
The following costs were incurred in February: Direct materials = PhP2,150,000 Direct labor = PhP800,000 Manufacturing overhead = PhP1,850,000 Selling expense = PhP850,000 Administrative pense=PhP1,300,000 What is the conversion costs during the month? Show the solution.
The following costs were incurred in January: Direct materials = PhP1,650,000 Direct labor = Php1,400,000 Manufacturing overhead=PhP3,450,00 Selling expenses = PhP800,000 Administrative expenses = PhP1,050,000 What is the conversion costs during the month? Show the solution.
The following costs were incurred in March: Direct materials = PhP1,050,000 Direct Labor = PhP850,000 Manufacturing overhead = PhP3,350,000 Selling expenses = PhP800,000 Administrative expenses = PhP750,000 What is the conversion costs during the month? Show the solution.
The following costs were incurred in March: Direct materials = Php1,950,000 Direct labor = PhP1,200,000 Manufacturing overhead = PhP700,000 Selling expenses = PhP550,000 Administrative expenses = PhP950,000 Calculate the prime costs during the month. Show the solution.
The following costs were incurred in January: Direct materials = PhP1,950,000 Direct Labor = PhP1,300,000 Manufacturing head = PhP1,050,000 Selling expenses = PhP700,000 Administrative expenses = PhP1,350,000 Calculate the prime costs during the month. Show the solution
Materials Php 65,000.00 (Php 15,000.00 is indirect) Labor Php 70,000.00 (Php 18,000.00 is indirect) Factory overhead Php 95,000.00 (including indirect materials and indirect labor) Unit Produced 1,000 Sold800 General and administrative expense Php 2,600.00 Office Salaries Php 18,600.00 4. Compute total period cost 5. If the selling price is Php 50.00 compute net
How do I find the numbers to the questions marks?Selling expenses $ 211,000Purchases of raw materials $ 266,000Direct labor ?Administrative expenses $ 152,000Manufacturing overhead applied to work in process $ 363,000Actual manufacturing overhead cost $ 350,000Inventory balances at the beginning and end of the year were as follows:Beginning of Year End of YearRaw materials $ 53,000 $ 32,000Work in process ? $ 28,000Finished goods $ 33,000 ?The total manufacturing costs for the year were $670,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $661,000; and the net operating income was $38,000. The company’s underapplied or overapplied overhead is closed to Cost of Goods Sold.
In January direct labor was 40% of conversion cost. If the manufacturing overhead cost for the month was PhP3,900,000 and the direct materials cost was phP1,100,000, what is the direct labor cost? Show the solution.
Work in Process, Aug 31 (50% complete as to conversion cost) 175,000 Transferred to next department 275,000 Started in August 375,000 Work in Process, Aug 1 (60% complete as to conversion cost) 150,000 Lost in production (normal) 75,000 Under weighted average, what are the eul for conversion?
A manufacturing company has provided the following cost data for a recent period: Direct materials = PhP400,000 Manufacturing head = PhP600,000 Direct labor = PhP500,000 Increase in work-in-process=PhP200,000 Calculate the prime cost for the period. Show the solution.
The following information were gathered from the books of Broadway Company for the month of June 2015: Department A Department B Units: In process, beg. 30,000 20,000 Stage of completion 20% ¼ Finished and transferred 70,000 50,000 Finished and on hand 20,000 10,000 In process, end 10,000 ? Stage of completion 50% 40% Costs: In process, beg. P 45,000 P 24,000…