MANAGERIAL ACCT W/ACCESS
17th Edition
ISBN: 9781264274017
Author: Garrison
Publisher: MCG
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Textbook Question
Chapter 4.A, Problem 5E
EXERCISE 4A-5 Computation of Equivalent
MediSecure, Inc., uses the FIFO method in its
Beginning work in process:
Units in process | 500 |
Completion with respect to materials | 80% |
Completion with respect to conversion | 40% |
Units started into production during the month | 153,600 |
Units completed and transferred out | 153,700 |
Ending work in process: | |
Units in process | 400 |
Completion with respect to materials | 75% |
Completion with respect to conversion | 20% |
Required:
Compute the Molding Department’s equivalent units of production for materials and conversion for the period.
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Exercise 5S-7 (Algo) Equivalent Units of Production and Cost per Equivalent Unit-FIFO Method [LO 5S-6,
LO 5S-7]
Pureform, Incorporated, uses the FIFO method in its process costing system. It manufactures a product that passes through two
departments. Data for a recent month for the first department follow:
Work in process inventory, beginning
Units started in process
Units transferred out
Work in process inventory, ending
Cost added during the month
Units
66,000
629,000
1. Equivalent units of production
2. Cost per equivalent unit
650,000
45,000
Materials
Materials
$ 54,800
$ 876,820
$ 407,680
$ 439,040
The beginning work in process inventory was 70% complete with respect to materials and 55% complete with respect to labor and
overhead. The ending work in process inventory was 50% complete with respect to materials and 30% complete with respect to labor
and overhead.
Required:
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the…
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Cost of Units Completed and in Process
The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in
process at the beginning of production.
Work in Process-Assembly Department
Bal., 8,000 units, 40% completed
22,880
To Finished Goods, 184,000 units
Direct materials, 188,000 units @ $1.5
282,000
Direct labor
494,400
Factory overhead
192,320
Bal. ? units, 40% completed
a. Based on the above data, determine the different costs listed below.
If required, round your interim calculations to two decimal places.
1. Cost of beginning work in process inventory completed this period.
2. Cost of units transferred to finished goods during the period.
$4
3. Cost of ending work in process inventory.
%$4
4. Cost per unit of the completed beginning work in process inventory, rounded to the nearest
cent.
b. Did the production costs change from the preceding period?
c.…
Required information
Heidelberg Fabrication manufactures two products, G-09 and G-35:
Units produced
Direct materials cost per unit
Machine-hours per unit
Production runs per quarter
Machine depreciation
Setup labor
Materials handling
Total
Required:
Production at the plant is automated and any labor cost is included in overhead. Data on manufacturing overhead at the
plant follow:
G-09
19,900
$ 7
4
144
a. Overhead rate
b. Machine depreciation
b. Setup labor
b. Materials handling
G-35
3,980
$19
$ 107,460
53, 730
42,984
$ 204,174
a. Heidelberg currently applies overhead on the basis of machine-hours. What is the predetermined overhead rate for the quarter?
Note: Round your answer to 2 decimal places.
b. Heidelberg is thinking of adopting an ABC system. They have tentatively chosen the following cost drivers: machine-hours for
machine depreciation, production runs for setup labor, and direct material dollars for materials handling. Compute the cost driver
rates for the proposed system at…
Chapter 4 Solutions
MANAGERIAL ACCT W/ACCESS
Ch. 4.A - EXERCISE 4A-1 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method...Ch. 4.A - EXERCISE 4A-3 Assigning Costs to Units-FIFO Method...Ch. 4.A - EXERCISE 4A-4 Cost Reconciliation Report-EIFO...Ch. 4.A - EXERCISE 4A-5 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-6 Equivalent Units of Production-FIFO...Ch. 4.A - EXERCISE 4A-7 Equivalent Units of Production and...Ch. 4.A -
EXERCISE 4A-8 Equivalent Units of Production—FIFO...Ch. 4.A - EXERCISE 4A-9 Equivalent Units; Equivalent Units...Ch. 4.A - PROBLEM 4A-10 Equivalent Units of Production;...
Ch. 4.A - Prob. 11PCh. 4.A - Prob. 12CCh. 4.B - Prob. 1ECh. 4.B - EXERCISE 4B-2 Step-Down Method LO4-11 Madison Park...Ch. 4.B - Prob. 3ECh. 4.B - EXERCISE 4B-4 Direct Method LO4-10 Refer to the...Ch. 4.B - PROBLEM 4B-5 Step-Down Method L04-11 Woodbury...Ch. 4.B - Prob. 6CCh. 4 - Prob. 1QCh. 4 - In what ways are job-order and process costing...Ch. 4 - Why is cost accumulation simpler in a process...Ch. 4 - How many Work in Process accounts are maintained...Ch. 4 - Prob. 5QCh. 4 - Prob. 6QCh. 4 - Prob. 7QCh. 4 - Prob. 8QCh. 4 - Prob. 1AECh. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Prob. 10F15Ch. 4 - Prob. 11F15Ch. 4 - Prob. 12F15Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Prob. 14F15Ch. 4 - Prob. 15F15Ch. 4 - Prob. 1ECh. 4 - Prob. 2ECh. 4 - Prob. 3ECh. 4 - EXERCISE 4-4 Assigning Costs to...Ch. 4 - EXERCISE 4-5 Cost Reconciliation...Ch. 4 - Prob. 6ECh. 4 - Prob. 7ECh. 4 - Prob. 8ECh. 4 -
EXERCISE 4-9 Equivalent Units and Cost per...Ch. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - PROBLEM 4-16 Comprehensive...Ch. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19CCh. 4 - (
CASE 4-20 Ethics and the Manager, Understanding...
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