Sunshine produces syrup used in making baked goods. The three departments for Sunshine include mixing, boiling...
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Sunshine produces syrup used in making baked goods. The three departments for Sunshine include mixing, boiling and packing. Assume that costs and process flow for the first department, Mixing are provided below: Units in beginning Work in Process inventory Units started during the month Units in ending Work in Process Inventory All direct materials including butter and and sugar are added at the BEGINNING of the process. Units in ending Work in Process Inventory are 45% of the way through the process. 50,000 units 1,800,000 units 150,000 units Cost Data: Manufacturing Costs incurred during October: Direct materials used $1,850,000 Direct labor $66,000 $810,000 $2,726,000 Manufacturing Overhead Total Costs 1. Write out the five steps needed for this company as worked in class. Label your answers/Show your work. 2. How much did it cost to make 1 pound of syrup in the Mixing department? 3. How many units were completed in October? Sunshine produces syrup used in making baked goods. The three departments for Sunshine include mixing, boiling and packing. Assume that costs and process flow for the first department, Mixing are provided below: Units in beginning Work in Process inventory Units started during the month Units in ending Work in Process Inventory All direct materials including butter and and sugar are added at the BEGINNING of the process. Units in ending Work in Process Inventory are 45% of the way through the process. 50,000 units 1,800,000 units 150,000 units Cost Data: Manufacturing Costs incurred during October: Direct materials used $1,850,000 Direct labor $66,000 $810,000 $2,726,000 Manufacturing Overhead Total Costs 1. Write out the five steps needed for this company as worked in class. Label your answers/Show your work. 2. How much did it cost to make 1 pound of syrup in the Mixing department? 3. How many units were completed in October?
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Answer rating: 100% (QA)
1 Five steps i Analyse flow of inventory units ii Convert work in process units into equivalent units iii Compute cost to be accounted for iv Calculate cost per equivalent unit ... View the full answer
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Posted Date:
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