The assembly department of Crane Furniture Company has the following production and manufacturing cost data for...
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The assembly department of Crane Furniture Company has the following production and manufacturing cost data for January 2022, the first month of operation: Production: 19.500 units finished and transferred out; 4,700 units started that are 100% complete for materials and 60% complete for conversion costs. 2. Manufacturing costs: materials $65,340, labour $41,000; overhead $54,976. Calculate the unit costs. (Round unit costs to 2 decimal places, e.g. 15.25.) Direct materials $ Conversion Total $ Conversion cost $ Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Completed and transferred out Work in process inventory, Jan. 31: Direct materials Unit cost Total cost accounted for 110 The assembly department of Crane Furniture Company has the following production and manufacturing cost data for January 2022, the first month of operation: Production: 19.500 units finished and transferred out; 4,700 units started that are 100% complete for materials and 60% complete for conversion costs. 2. Manufacturing costs: materials $65,340, labour $41,000; overhead $54,976. Calculate the unit costs. (Round unit costs to 2 decimal places, e.g. 15.25.) Direct materials $ Conversion Total $ Conversion cost $ Prepare a cost reconciliation schedule. Cost Reconciliation Schedule Costs accounted for: Completed and transferred out Work in process inventory, Jan. 31: Direct materials Unit cost Total cost accounted for 110
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Related Book For
Cost Management Measuring Monitoring And Motivating Performance
ISBN: 9781118168875
2nd Canadian Edition
Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook
Posted Date:
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