4. Spring View Company makes garden patios. Materials are added at the beginning of the process...

 

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4. Spring View Company makes garden patios. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of Mar, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: Total units to account for Units completed and transferred-out Cost per equivalent unit: Materials Conversion cost 3,600 units 3,200 units $95.00 $80.00 Required: Compute the total costs assigned to the ending work in process (ie. the total cost of the EWIP). 5. The following information was gathered for Longview Company for the year ended December 31, 2018: Direct Labour Hours Factory overhead Budget 75,000 DLH $600,000 Assume that direct labor-hours are the cost-allocation base. Required: Determine the under / over allocation of overhead. Actual 80,000 DLH $625,000 4. Spring View Company makes garden patios. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of Mar, work in process is 40% complete and at the end of the month it is 60% complete. Other data for the month include: Total units to account for Units completed and transferred-out Cost per equivalent unit: Materials Conversion cost 3,600 units 3,200 units $95.00 $80.00 Required: Compute the total costs assigned to the ending work in process (ie. the total cost of the EWIP). 5. The following information was gathered for Longview Company for the year ended December 31, 2018: Direct Labour Hours Factory overhead Budget 75,000 DLH $600,000 Assume that direct labor-hours are the cost-allocation base. Required: Determine the under / over allocation of overhead. Actual 80,000 DLH $625,000

Answer rating: 100% (QA)

Step1 Step2 Step3 multiply by is equal to 5 Less units completed and transferred out Units in ending ... View the full answer