RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout the process. The company uses monthly reporting periods for its process costing system. During October, the company finished and transferred 150,000 units of its product to Department 2. Of these units, 30,000 were in process at the beginning of the month and 120,000 were started and completed during the month. The beginning work in process inventory was 30% complete. At the end of the month, the work in process inventory consisted of 20,000 units that were 80% complete. Compute the number of equivalent units of production for October. Use the FIFO method.
Answer to relevant QuestionsThe flowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the amounts shown on the flowchart to compute the missing numbers identified by question marks. This chapter’s opener featured Nick Nicolay and his company Kar’s Nuts. Required 1. Kar’s Nuts uses three processes: roasting, blending, and packaging. What are some benefits of using separate process cost summary ...SBD Phone Company sells its waterproof phone case for $90 per unit. Fixed costs total $162,000, and variable costs are $36 per unit. How will the break-even point in units change in response to each of the following ...Singh Co. reports a contribution margin of $960,000 and fixed costs of $720,000. (1) Compute the company’s degree of operating leverage. (2) If sales increase by 15%, what amount of income will Singh Co. report? Refer to the information in Exercise. In Exercise HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2015 Sales (9,600 units at $225 each) . . . . . . . . . . . . . . . . $2,160,000 Variable costs ...
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