Everfood offers convenient and perfectly portioned nutrition on-the-go, helping consumers gain nutrients for their diet plan....
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Everfood offers convenient and perfectly portioned nutrition on-the-go, helping consumers gain nutrients for their diet plan. They have 2 main processes: preparation and packaging. Conversion costs are incurred evenly throughout the process. The following information is for the cooking department in March 2021: Work in process, 1st March: Units Transferred in Direct Materials Direct Labours Overheads During March, 76,900 units were completed and transferred to packaging. The following costs were incurred by the preparation department during March: Production started: Units 0 £0 £0 £0 £0 Transferred in Direct Materials Direct Labours Overheads 101,000 0 £375,720 £157,500 £98,505 On 31st March, Work-in-Process Inventory in the preparation department was 35% of the way through the assembly process. (1) Required: Prepare a cost of production report using the for the preparation department. (2) Besides the mass production of nutritious foods, Everfood accepts customised order for other clients. The following information is for Job3B in March 2021. This job order was estimated to require 240 labour hours. Direct labour hours Direct labour costs Rental Staff salaries Utilities 22,000 hours £2,750,000 £390,000 £1,685,000 £400,000 Required: Calculate Everfood's (a) hourly direct labour cost rate; (b) pre- determined overhead allocation rate; and (c) predicted cost for Job 3B. (25 marks) Everfood offers convenient and perfectly portioned nutrition on-the-go, helping consumers gain nutrients for their diet plan. They have 2 main processes: preparation and packaging. Conversion costs are incurred evenly throughout the process. The following information is for the cooking department in March 2021: Work in process, 1st March: Units Transferred in Direct Materials Direct Labours Overheads During March, 76,900 units were completed and transferred to packaging. The following costs were incurred by the preparation department during March: Production started: Units 0 £0 £0 £0 £0 Transferred in Direct Materials Direct Labours Overheads 101,000 0 £375,720 £157,500 £98,505 On 31st March, Work-in-Process Inventory in the preparation department was 35% of the way through the assembly process. (1) Required: Prepare a cost of production report using the for the preparation department. (2) Besides the mass production of nutritious foods, Everfood accepts customised order for other clients. The following information is for Job3B in March 2021. This job order was estimated to require 240 labour hours. Direct labour hours Direct labour costs Rental Staff salaries Utilities 22,000 hours £2,750,000 £390,000 £1,685,000 £400,000 Required: Calculate Everfood's (a) hourly direct labour cost rate; (b) pre- determined overhead allocation rate; and (c) predicted cost for Job 3B. (25 marks)
Expert Answer:
Answer rating: 100% (QA)
1 2 a b UNITS Units to accounted for Beginning WIP Inventory Units Started During Period Total units ... View the full answer
Related Book For
Applied Statistics in Business and Economics
ISBN: 978-0073521480
4th edition
Authors: David Doane, Lori Seward
Posted Date:
Students also viewed these accounting questions
-
Consumers are asked to rate the attractiveness of four potential dashboard surface textures on an interval scale (1 = least attractive, 10 = most attractive). Use MegaStat or another software package...
-
Studies have shown that people who suffer sudden cardiac arrest have a better chance of survival if a defibrillator shock is administered very soon after cardiac arrest. How is survival rate related...
-
Studies have shown that people who suffer sudden cardiac arrest have a better chance of survival if a defibrillator shock is administered very soon after cardiac arrest. How is survival rate related...
-
Using the SEDAR database, find the most recent annual reports for two Canadian retailers (e.g., Loblaw, Rona, Danier Leather). Required: a. Based on the information provided in the companies audited...
-
Determine a state variable differential matrix equation for the circuit shown in Figure E3.17: Ci FIGURE E3.17 RC circuit.
-
Who was the famous whistleblower who penned the memo Has Enron Become a Risky Place to Work?
-
Is there a single standard command-line processor to parse and process argv?
-
Renner Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, the ledger of Renner showed Cash of $5,000 and Owners Capital of $5,000. May 1...
-
A 20 kg dog requires treatment with ketoconazole at 5 mg/kg by oral suspension. The suspension contains 100 mg/5 mL oral solution. What volume does the dog require per dose?
-
1. Which P of the marketing mix should Tetra Pak concentrate on in the development of its global marketing plan? 2. Would it be relevant for Tetra Pak to work with Global Account Management (GAM)? If...
-
A borough sold $4,000,000 of 6 percent construction-related bonds dated January 1 on March 1 at par. The construction is related to governmental activities. give the capital projects fund and...
-
Suppose that the density (pdf) function for a random variable X is given by f(x) = for 0 x2 and f(x) = 0 otherwise. What is the probability P(0.5 x 1)? Round your answer to four decimal places. 2
-
write a Java application to compute and display the number of months needed to pay off credit card debt. Your program will prompt the user for the following three things: the principal, which is the...
-
Why not earning per share maximization is an appropriate goal of corporations? What should be the appropriate goal? Do the problems with EPS maximization applicable for sole proprietorship businesses?
-
In the context of dynamic code analysis and program verification techniques, discuss how symbolic execution and static analysis tools can be used to reason about "if" statements and verify program...
-
What is the respective Qualifying criteraia for the two tax concession regimes?
-
Consider the following tree. 9 5 1 7 2 12 3 11 24 Write the PreOrder, PostOrder, and InOrder traversals of the tree.
-
Provide a draft/outline of legal research involving an indigenous Canadian woman charged with assault causing bodily harm under (Sec 267b) of the Criminal Code, where the crown wants a 12-month jail...
-
A survey of beginning students showed that a majority strongly agreed with the statement, I am afraid of statistics. (a) Why might this attitude exist among students who have not yet taken a...
-
What is the consequence of a false positive in a weekly inspection of a nuclear plant's cooling system?
-
A pediatrician's records showed the mean height of a random sample of 25 girls at age 12 months to be 29.530 inches with a standard deviation of 1.0953 inches. (a) Construct a 95 percent confidence...
-
In 1984, the number of German marks required to buy one U.S. dollar was 1.80. In 1987, the U.S. dollar was worth 2.00 marks. In 1992, the dollar was worth 1.50 marks. In 1997, the dollar was again...
-
Todays spot rate is S 0 $ = $0.009057355. The 90-day forward rate is F 1 $ = $0.008772945. a. Calculate the forward premium on Japanese yen in basis points and as a percentage premium or discount...
-
Describe locational, triangular, and covered interest arbitrage.
Study smarter with the SolutionInn App