Susu Segar Sdn Bhd is the producer of dairy products. One of its products, Milky is...
Fantastic news! We've Found the answer you've been seeking!
Question:
![](https://dsd5zvtm8ll6.cloudfront.net/questions/2024/05/664078bc134f9_1715501243055.jpg)
Transcribed Image Text:
Susu Segar Sdn Bhd is the producer of dairy products. One of its products, Milky is the main product for the company. The production of Milky involves two sequential processing departments namely Freezing Department and Packaging Department. In Freezing Department, all direct materials are added at the ending of the process. Whereas in Packaging Department, all direct materials are added at the beginning of the process. Conversion cost occurs uniformly throughout the production process for both departments. The following information relates to Packaging Department for the month of October 2006: Cost of beginning work in process inventory: Transferred-in Direct materials RM61,000 RM69,000 Direct labour RM40,000 Manufacturing overhead RM24,200 Percentage of completion (conversion cost): Beginning work in process inventory 60% Ending work in process inventory 70% Cost in the current period: Direct materials RM138,000 Direct labour RM38,800 Manufacturing overhead RM32,000 Additional information: Beginning work in process inventory (units) 32,000 Units started in the month of October 67,000 Units completed and transferred out 69,000 Ending work in process inventory (units) 30,000 Transferred out cost from Freezing Department RM335,000 REQUIRED: (a) Prepare a production report for Packaging Department using the weighted- average method. (b) Prepare a production report for Packaging Department using the first-in, first-out (FIFO) method. Susu Segar Sdn Bhd is the producer of dairy products. One of its products, Milky is the main product for the company. The production of Milky involves two sequential processing departments namely Freezing Department and Packaging Department. In Freezing Department, all direct materials are added at the ending of the process. Whereas in Packaging Department, all direct materials are added at the beginning of the process. Conversion cost occurs uniformly throughout the production process for both departments. The following information relates to Packaging Department for the month of October 2006: Cost of beginning work in process inventory: Transferred-in Direct materials RM61,000 RM69,000 Direct labour RM40,000 Manufacturing overhead RM24,200 Percentage of completion (conversion cost): Beginning work in process inventory 60% Ending work in process inventory 70% Cost in the current period: Direct materials RM138,000 Direct labour RM38,800 Manufacturing overhead RM32,000 Additional information: Beginning work in process inventory (units) 32,000 Units started in the month of October 67,000 Units completed and transferred out 69,000 Ending work in process inventory (units) 30,000 Transferred out cost from Freezing Department RM335,000 REQUIRED: (a) Prepare a production report for Packaging Department using the weighted- average method. (b) Prepare a production report for Packaging Department using the first-in, first-out (FIFO) method.
Expert Answer:
Answer rating: 100% (QA)
Answer a Production Report for Packaging Department using the WeightedAverage Method Step 1 Calculate Equivalent Units of Production 1 Equivalent units of production for direct materials Units completed and transferred out Equivalent units in ending work in process inventory 69000 30000 100 69000 30000 99000 equivalent units 2 Equivalent units of production for conversion cost Units completed and transferred out Equivalent units in ending work in process inventory 69000 30000 70 69000 21000 90000 equivalent units Step 2 Calculate Cost per Equivalent Unit 1 Cost per equivalent unit ... View the full answer
Related Book For
Operations Management
ISBN: 9781260547610
2nd International Edition
Authors: Gerard Cachon, Christian Terwiesch
Posted Date:
Students also viewed these accounting questions
-
Bond A is a 20-year 1000 par value bond with annual coupons of 5% while Bond B is a 10-year F par value bond with annual coupons of 3%. Both bonds redeem at face-value and both are priced to yield an...
-
Green Mountain Ltd is a merchandising company that is trying to decide how many units of merchandise to order each month. The company's policy is to have 20% of the next month's sales in inventory at...
-
Blossom company wishes to accumulate $1600000 by May 1, 2033 by making 8 equal annual deposits beginning May1, 2025 to a fund paying 7% interest compounded annually. What is the required amount of...
-
Researchers Dumas and Dunbar wanted to see whether stereotypes related to creativity can influence a subjects creativity. The 96 subjects were randomly placed into three groups of 32 each. One group...
-
For each of the following distributions, find = E(X), E[X(X 1)], and 2 = E[X(X 1)] + E(X) 2: 3! 133- 3-D! (4) (x) x=0, 1, 2, 3 , (b,f(x)-(441(1).. x-0,1,2,3,4.
-
Make adjustments for the given data in the format provided below Office Supplies Expense Interest Expense Insurance Expense Depreciation Expense- Office Equipment Adjustment data: (i) And (ii)...
-
Waterville Corporation produces a filter that has a per unit cost of \($15\). The company would like a 30% markup percentage. Using cost-plus pricing, determine the per unit selling price.
-
Explain how a data warehouse database is fundamentally different from a transaction processing database.
-
After an electric power interruption, the current i in a circuit is given by the equation shown below, where t is the time. Find the expression for the total electric charge q to pass a point in the...
-
How much money should be deposited today in an account that earns 4.5% compounded monthly so that it will accumulate to $14,000 in 2 years? Click the icon to view some finance formulas. The amount of...
-
You are the financial manager of a recently built, 18-hole, golf course. The course was originally designed for people to walk around. Green fees were $25, the course averaged 20 rounds a day, and it...
-
Management often calls for an independent auditor's assistance. For example, an audit client's management might request that their auditor apply agreed-upon procedures to some, but not all, of the...
-
The Eaton Company was incorporated July 10, 1999, with authorized capital as follows: a. Common stock. Class A, 20,000 shares, par value $25 per share. b. Common stock. Class B, 100,000 shares, par...
-
The risk of incorrect acceptance relates to the: a. Effectiveness of the audit. b. Efficiency of the audit. c. Preliminary estimate of materiality. d. Allowable risk of tolerable error. Choose the...
-
Comparing current and prior year revenues and expenses and investigating all changes exceeding 10 percent would most likely reveal that: a. Management's capitalization policy for small tools changed...
-
Which of the following situations would increase sample size? A decrease in: a. Risk of incorrect rejection. b. Estimated population standard deviation. c. Expected frequency of errors. d. Tolerable...
-
Group Members: Biased Sampling Each of the surveys mentioned below has bias. (a) Determine the type of bias and (b) suggest a remedy. Types of bias include sampling bias (convenience sample, for...
-
Rosalie owns 50% of the outstanding stock of Salmon Corporation. In a qualifying stock redemption, Salmon distributes $80,000 to Rosalie in exchange for one-half of her shares, which have a basis of...
-
In preparing monthly financial statements, overapplied overhead is rep orated in the balance sheet as a(an): (a) prepaid expense. (b) unearned revenue. (c) noncurrent asset. navigator (d) noncurrent...
-
Hal Adelman is studying for an accounting midterm examination. What should Hal know about how management may use job cost data?
-
What are the major differences in measurement principles between the Anglo-Saxon, Nordic, Germanic, Latin, and Asian countries?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App