The production process requires constant utilization of facilities and equipment, as well as direct labor by...

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The production process requires constant utilization of facilities and equipment, as well as direct labor by skilled technicians. As a result, direct labor and factory overhead are both deemed to be introduced uniformly throughout production. Amsterdam Corporation prepared the following "unit reconciliation" for the month of April: UNIT RECONCILIATION Beginning Work in Process Started Into Production Totol Units into Production To Finished Goods Ending Work In Process Total Units Reconciled QUANTITY SCHEDULE 7,500 2.000 16,500 12,000 4.500 16.500 EQUIVALENT UNITS CALCULATIONS: CONVERSION DIRECT MATERIALS DIRECT LABOR 12,000 3.150 15,150 T 12,000 2.250 14,250 FACTORY OVERHEAD 12,000 2,250 14,250 Ending WP Completion Status: Materials = 70% Conversion=50% The above beginning work in process inventory had an assigned cost of $4,500,000, divided between direct materials (50%), direct labor (30%), and factory overhead (20%). Prepare a schedule showing the calculation of cost per equivalent unit. Additional costs incurred during April were $15,000,000, divided between direct materials (15%), direct labor (20%), and factory overhead (65%). The production process requires constant utilization of facilities and equipment, as well as direct labor by skilled technicians. As a result, direct labor and factory overhead are both deemed to be introduced uniformly throughout production. Amsterdam Corporation prepared the following "unit reconciliation" for the month of April: UNIT RECONCILIATION Beginning Work in Process Started Into Production Totol Units into Production To Finished Goods Ending Work In Process Total Units Reconciled QUANTITY SCHEDULE 7,500 2.000 16,500 12,000 4.500 16.500 EQUIVALENT UNITS CALCULATIONS: CONVERSION DIRECT MATERIALS DIRECT LABOR 12,000 3.150 15,150 T 12,000 2.250 14,250 FACTORY OVERHEAD 12,000 2,250 14,250 Ending WP Completion Status: Materials = 70% Conversion=50% The above beginning work in process inventory had an assigned cost of $4,500,000, divided between direct materials (50%), direct labor (30%), and factory overhead (20%). Prepare a schedule showing the calculation of cost per equivalent unit. Additional costs incurred during April were $15,000,000, divided between direct materials (15%), direct labor (20%), and factory overhead (65%).

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The image shows a production process unit reconciliation and equivalent units calculation for Amsterdam Corporation for the month of April The UNIT RECONCILIATION section shows that there were 7500 un... View the full answer