Bundle: Cornerstones of Cost Management, Loose-Leaf Version, 4th + CengageNOWv2, 1 term Printed Access Card
4th Edition
ISBN: 9781337539098
Author: Hansen
Publisher: CENGAGE L
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Textbook Question
Chapter 6, Problem 27E
During the month of June, the mixing department produced and transferred out 3,500 units. Ending work in process had 1,000 units, 40 percent complete with respect to conversion costs. There was no beginning work in process. The equivalent units of output for conversion costs for the month of June are:
- a. 3,500
- b. 4,500
- c. 3,900
- d. 1,000
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A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For
the month of July, there was no beginning work in process; 40,000 units were completed and transferred out; and there were
20,000 units in the ending work in process that were 40% complete. During July, OMR 120,000 materials costs and OMR 105,000
conversion costs were charged to the department.
The unit production costs for materials and conversion costs for July was?
Select one:
Oa. OMR 2.00 for Materials; and OMR 1.75 for Conversion Costs
O b. OMR 3.00 for Materials; and OMR 2.66 for Conversion Costs
O c. OMR 2.50 for Materials; and OMR 175 for Conversion Costs
O d. OMR 2.00 for Materials; and OMR 2.19 for Conversion Costs
O e. None of the answers are correct
Department M had 2,700 units 58% completed in process at the beginning of June, 11,500 units completed during June, and 900 units 28% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories?
a.8,800 units
b.10,186 units
c.12,652 units
d.11,752 units
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the
process. For the month of July, there was no beginning work in process; 40,000 units were completed and transferred out;
and there were 20,000 units in the ending work in process that were 40% complete. During July, OMR 120,000 materials
costs and OMR 105,000 conversion costs were charged to the department.
The unit production costs for materials and conversion costs for July was?
Select one:
Oa. OMR 2.00 for Materials; and OMR 2.19 for Conversion Costs
O b. OMR 3.00 for Materials; and OMR 2.66 for Conversion Costs
O c. None of the answers are correct
O d. OMR 2.50 for Materials; and OMR 1.75 for Conversion Costs
O e. OMR.2.00 for Materials; and OMR 1.75 for Conversion Costs
Chapter 6 Solutions
Bundle: Cornerstones of Cost Management, Loose-Leaf Version, 4th + CengageNOWv2, 1 term Printed Access Card
Ch. 6 - What is a process? Provide an example that...Ch. 6 - Describe the differences between process costing...Ch. 6 - Prob. 3DQCh. 6 - What are transferred-in costs?Ch. 6 - Explain why transferred-in costs are a special...Ch. 6 - What is a production report? What purpose does...Ch. 6 - Can process costing be used for a service...Ch. 6 - What are equivalent units? Why are they needed in...Ch. 6 - How is the equivalent unit calculation affected...Ch. 6 - Describe the five steps in accounting for the...
Ch. 6 - Under the weighted average method, how are...Ch. 6 - Under what conditions will the weighted average...Ch. 6 - In assigning costs to goods transferred out, how...Ch. 6 - Prob. 14DQCh. 6 - What is operation costing? When is it used?Ch. 6 - Lamont Company produced 80,000 machine parts for...Ch. 6 - Lising Therapy has a physical therapist who...Ch. 6 - Fleming, Fleming, and Johnson, a local CPA firm,...Ch. 6 - During October, McCourt Associates incurred total...Ch. 6 - Tomar Company produces vitamin energy drinks. The...Ch. 6 - Apeto Company produces premium chocolate candy...Ch. 6 - Jackson Products produces a barbeque sauce using...Ch. 6 - Gunnison Company had the following equivalent...Ch. 6 - Jackson Products produces a barbeque sauce using...Ch. 6 - Morrison Company had the equivalent units schedule...Ch. 6 - Shorts Company has three process departments:...Ch. 6 - A local barbershop cuts the hair of 1,200...Ch. 6 - Friedman Company uses JIT manufacturing. There are...Ch. 6 - Lacy, Inc., produces a subassembly used in the...Ch. 6 - Softkin Company manufactures sun protection...Ch. 6 - Heap Company manufactures a product that passes...Ch. 6 - K-Briggs Company uses the FIFO method to account...Ch. 6 - The following data are for four independent...Ch. 6 - Using the data from Exercise 6.18, compute the...Ch. 6 - Holmes Products, Inc., produces plastic cases used...Ch. 6 - Dama Company produces womens blouses and uses the...Ch. 6 - Fordman Company has a product that passes through...Ch. 6 - Using the same data found in Exercise 6.22, assume...Ch. 6 - Baxter Company has two processing departments:...Ch. 6 - Tasty Bread makes and supplies bread throughout...Ch. 6 - Under either weighted average or FIFO, when...Ch. 6 - During the month of June, the mixing department...Ch. 6 - As goods are transferred from a prior process to a...Ch. 6 - During March, Hanks Manufacturing started and...Ch. 6 - Proteger Company manufactures insect repellant...Ch. 6 - Swasey Fabrication, Inc., manufactures frames for...Ch. 6 - Refer to the data in Problem 6.31. Assume that the...Ch. 6 - Hatch Company produces a product that passes...Ch. 6 - FIFO Method, Single Department Analysis, One Cost...Ch. 6 - Hepworth Credit Corporation is a wholly owned...Ch. 6 - Muskoge Company uses a process-costing system. The...Ch. 6 - Prob. 37PCh. 6 - Healthway uses a process-costing system to compute...Ch. 6 - FIFO Method, Two-Department Analysis Refer to the...Ch. 6 - Jacson Company produces two brands of a popular...Ch. 6 - Golding Manufacturing, a division of Farnsworth...Ch. 6 - Larkin Company produces leather strips for western...Ch. 6 - Novel Toys, Inc., manufactures plastic water guns....Ch. 6 - Prob. 44P
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