Golding's finishing department had the following data for the month of July: Required: 1. Calculate unit costs
Question:
Golding's finishing department had the following data for the month of July:
Required:
1. Calculate unit costs for the following categories: transferred-in, materials, and conversion.
2. Calculate total unitcost.
Transcribed Image Text:
Transferred-In Materials Conversion Units transferred out Units in EWIP Equivalent units 60,000 15,000 75,000 60,000 60,000 15,000 9,000 75,000 69,000 2 Work in process, July 1 Transferred-in from fabricating Materials Conversion costs 2,100 1,500 3,000 $ 6,600 Total Current costs: Transferred-in from fabricating Materials Conversion costs $30,900 45,300 $98,700
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (15 reviews)
1 Unit transferredin cost 044 Un...View the full answer
Answered By
Shem Ongek
I am a professional who has the highest levels of self-motivation. Additionally, I am always angled at ensuring that my clients get the best of the quality work possible within the deadline. Additionally, I write high quality business papers, generate quality feedback with more focus being on the accounting analysis. I additionally have helped various students here in the past with their research papers which made them move from the C grade to an A-grade. You can trust me 100% with your work and for sure I will handle your papers as if it were my assignment. That is the kind of professionalism that I swore to operate within. I think when rating the quality of my work, 98% of the students I work for always come back with more work which therefore makes me to be just the right person to handle your paper.
4.80+
174+ Reviews
426+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Managerial Accounting questions
-
The cooking department had the following data for the month of March: Units in BWIP ............ Units completed ............ 4,800 Units in EWIP (40 percent complete) ... 500 Total manufacturing...
-
The mixing department had the following data for the month of December: Units in BWIP Units completed 5,850 Units in EWIP (30 percent complete) 500 Total manufacturing costs $3,900 Required: 1. What...
-
Goldings finishing department had the following data for July: Required: 1. Calculate unit costs for the following categories: transferred- in, materials, and conversion. 2. Calculate total unit...
-
Compute the indicated quantities for the given homomorphism. Ker () for : S 3 Z 2 in Example 13.3 Data from Example 13.3 Let S n be the symmetric group on n letters, and let : S n Z 2 be defined by...
-
In what situations do partners need to know the tax basis in their partnership interests?
-
A hot air balloon is rising straight up at a constant speed of 7.86 m/s. When the balloon is 13.0 m above the ground, a gun fires a pellet straight up from ground level with an initial speed of 29.8...
-
An electric motor, of mass \(20 \mathrm{~kg}\) and operating speed \(1350 \mathrm{rpm}\), is placed on a fixed-fixed steel beam of width \(15 \mathrm{~cm}\) and depth \(1.2 \mathrm{~cm}\), as shown...
-
Assume that you recently accepted a position with Frontier National Bank as an assistant loan officer. As one of your first duties, you been assigned the responsibility of evaluating a loan request...
-
Land (at revaluation) 1 January 2022 = RM 21,600,000 Buildings (at revaluation) 1 January 2022 = RM 60,000,000 Accumulated depreciation as at 1 January 2022: Buildings = RM 10,000,000 Asset...
-
When bromine is added to two beakers, one containing phenyl isopropyl ether and the other containing cyclohexene, the bromine color in both beakers disappears. What observation could you make while...
-
Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed and churned to make ice cream. The...
-
Lawson Company produces a product where all manufacturing inputs are applied uniformly. The company produced the following physical flow schedule for March: Units to account for: Units in BWIP (40...
-
Big Beef BBQ Ltd sells a single product, a gas barbecue. The barbecue sells for $960 per unit. Annual fixed costs are $1536000, and the contribution margin rate is 40%. Required A. What are the...
-
What are some of the malstressors that you have observed in a justice agency or organization? Describe the consequences of organizational stress in the agency or organization. What personality traits...
-
Visit the U.S. Department of Transportation Federal Highway Administration- Freight Management and Operations https://www.fhwa.dot.gov/byday/fhbd0813.htm (opens in a new window) and describe the four...
-
Deliberate Speed Corporation (DSC) was incorporated as a private company. The company's accounts included the following at June 30: Accounts Payable Buildings Cash Common Stock Equipment Land Notes...
-
Jerrod Smith's gross earnings this pay period were $1350. Jerrod is paid weekly and he is single with 2 withholding allowances. His year-to-date is $59,875. Find his social security, Medicare, and...
-
You're a manager in Japan, and you've just discovered that a team leader under your supervision has made a mistake that will result in a quality problem. How will you handle this mistake?
-
Use the following information to answer question. As a result of the rising costs in health insurance, an insurance company decides to help its clients improve their health and cut down their bills....
-
Tanaka Company's cost and production data for two recent months included the following: March April Production (units).........300................600 Rent.....................$1,800............$1,800...
-
In Problems 2742, find the general term of a sequence whose first four terms agree with the given terms. x, x 2 ,x 3 , x 4 , ...
-
Lima Parts, Inc., shows the following overhead information for the current period: Actual overhead incurred . . . . . . . . . . . . . . . . . . . . . . $58,800, 2/3 of which is variable Budgeted...
-
Clemson Company prepares its budgets on the basis of standard costs. A responsibility report is prepared monthly showing the differences between master budget and actual results. Variances are...
-
Fargo Corporation reported a $400 favorable price variance for variable overhead and a $4,000 favorable price variance for fixed overhead. The flexible budget had $256,800 variable overhead based on...
-
Provide a numerical example to illustrate how carry trade works?
-
If there are 3 6 0 million people living in the U . S , and 2 7 0 million are eligible workers while 1 5 0 million are in the labor force with 3 . 6 % unemployed, what is the number of unemployed...
-
Refer to the information provided in Figure 8.8 bele to answer the questis that MC Coper 12 ATC P-MR 200 700 1000 1400 Bushels of soybeans 283 Figure 8.8 26) Refer to Figure 8.8. This farmer's...
Study smarter with the SolutionInn App