Question: On July 31st, 10,000 typewriters, 100% complete with respect to direct material costs and 80% complete with respect to conversion costs, were in the assembly

On July 31st, 10,000 typewriters, 100% complete with respect to direct material costs and 80% complete with respect to conversion costs, were in the assembly department's work in process inventory. These units were assigned total costs of $8,700 on the July production cost report, $1,500 of which was for direct material costs. 100,000 typewriters were started in the assembly department during August. At the end of August, 15,000 typewriters were still in production in the assembly department. These units were 60% complete with respect to direct material costs and 20% complete with respect to conversion costs. The following additional data are available for the department's August activities: Direct Materials Requisitioned Direct Labor Costs Incurred" $154,500 $22,700 "The direct labor wage rate was $20 per direct labor hour. Question 1 What was the cost to assemble one typewriter in July? OA. $2.50 B. $1.05 C. $1.00 D. $0.87 E. $2.40 Question 2 What was the conversionl cost included in work in process - assembly on September 1st? A. $3,000 B. $16,500 C. $915 D. $1,147 OE. $13,500

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

9 to 5 , LLC manufactures typewriters in two sequential productiondepartments: assembly and inspection. The company uses the weighted average method to account for product costs and allocates...

accounting 2 Under the Sea, Inc. manufactures pearl necklaces in two sequential production departments: machining and packaging. The machining department began July with 300 necklaces in process and...

Chapter 16 Connect Homework Assignment i Saved Help Save & Exit Submit Check my work 3 Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products....

Exercise 16-20 Weighted average: Process cost summary LO C3 Hi-Test Company uses the weighted-average method of process costing to assign production costs to its products. Information for the...

ANSWER ALL QUESTIONS/SECTIONS PLEASE Hi-Test Company uses the weighted average method of process costing to assign production costs to its products. Information for company's first production process...

\begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|l|}{ Total costs to account for: } \\ \hline & & & & & & & \\ \hline & & & & & & & \\ \hline Total costs to account for: & $ & 0 & & & & &...

Required information [The following information applies to the questions displayed below.] Tamar Co. manufactures a single product in one department. All direct materials are added at the beginning...

Blue Sky, Inc. manufactures hammocks in three sequential production departments. The company uses the weighted average method in its process costing system. Blue Sky uses a normal costing system to...

THERE ARE TWO QUESTIONS RELATED TO THIS DATA. PLEASE MAKE SURE TO ANSWER BOTH QUESTIONS. Blue Sky, Inc. manufactures hammocks in three sequential production departments. The company uses the weighted...

A fair coin is flipped six times and the sequence of heads and tails is observed. a. Are the sequences HHHHHH and HTHHTT equally likely? Explain. b. Are the events A = 6 heads in the 6 tosses and B =...

Program to compute the average of the numbers provided. Enter each number followed by . When you are done, just hit in response to the prompt.. Enter a number: 10 Enter a number: 15 Enter a number: 5...

A company reported that its bonds with a par value of $ 4 0 , 0 0 0 and a carrying value of $ 5 2 , 0 0 0 are retired for $ 6 0 , 0 cosh , resulting in a loss of $ 8 , 0 0 0 . The amount to be...

CT Corp Comprehensive Question Canadian Tire Corporation, Limited ( Canadian Tire ) is a family of companies that includes a retail segment and a financial services division, among others. The retail...

5. List your five favorite TV shows. What do they have in common? Are these the same top five that your friends would list? Why or why not? What is it specifically that you like about these shows?...

6. Practice five skills for becoming a more mindful and media literate consumer

4. Think of a controversial issue about which you have very strong opinions. Write one paragraph describing the key problem and its main causes, taking care to present your information as objectively...