The Meezan Company has three processing departments. The costs incurred in the second department during May...
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The Meezan Company has three processing departments. The costs incurred in the second department during May were as follows: Cost from first department: $32,640 Cost added by second department: Materials: $86,830 Labor; $112,200 Manufacturing overhead: $117,150 24,000 units were received from first department during May. 14,000 units were completed and transferred to finished goods store room and 10,000 units were still in process at the end of May. The units in work in process ending inventory were 50% complete with respect to materials and 25% complete with respect to labor and manufacturing overhead cost. Required: Using above data, prepare a cost of production report for May for the second department of Meezan Company. The Meezan Company has three processing departments. The costs incurred in the second department during May were as follows: Cost from first department: $32,640 Cost added by second department: Materials: $86,830 Labor; $112,200 Manufacturing overhead: $117,150 24,000 units were received from first department during May. 14,000 units were completed and transferred to finished goods store room and 10,000 units were still in process at the end of May. The units in work in process ending inventory were 50% complete with respect to materials and 25% complete with respect to labor and manufacturing overhead cost. Required: Using above data, prepare a cost of production report for May for the second department of Meezan Company.
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Equivalent Units Material 19000 units Labour 16500 units Manufacturing OH 16500 units Cost per Equiv... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
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