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Question 3 of 5 -/5 E CARLA VISTA INDUSTRIES INC. Cutting Department Production Cost Report Equivalent Units Physical Units Conversion Costs Quantities Materials Units to be accounted for Work in process, July 1 Started into production Total units Units accounted for Completed and transferred out Work in process, July 31 Total units Conversion Costs Costs Materials Unit costs Total Costs $ $ $ $ $ Equivalent units Unit costs $ Cost Reconciliation Schedule Costs to be accounted for Work in process, July 1 $ Started into Question 3 of 5 -/5 = (a2) Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs Total equivalent units e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2 (a3) Determine the unit costs of production for July. Materials Conversion Costs Total Costs Unit costs-T12 Tables $ $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 (24) Show the assignment of costs to units completed and transferred out and to work in process for July. T12 Tables Costs accounted for: Completed and transferred out Work in process Materials $ Conversion costs Total costs e Textbook and Media Question 3 of 5 -75 E View Policies Current Attempt in Progress Carla Vista Industries Inc. manufactures dorm furniture in separate processes. In each process, materials are added at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making a product are as follows. Cutting Department T12-Tables 0 Production Data-July Work in process units, July 1 Units started into production Work in process units, July 31 Work in process percent complete as to conversion, July 31 19,200 2.880 60% $0 Cost Data-July Work in process, July 1 Direct materials used in July Direct labor incurred in July Manufacturing overhead assigned in July 364,800 225,024 99,840 Total $689,664 (21) Compute the physical units of production. T12 Tables Units to be accounted for e Textbook and Media Attempts:0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 2 Blossom Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are estimated to total $293,250 for the year, and machine usage is estimated at 127,500 hours. For the year, $328,440 of overhead costs are incurred, and 132,600 hours are used. (a) Compute the manufacturing overhead rate for the year. (Round answer to 2 decimal places, eg, 1.25.) Manufacturing overhead rate $ 2.30 per machine hour e Textbook and Media List of Accounts Save for Later Last saved 1 hour ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto submission can take up to 10 minutes. Using multiple attempts will impact your score. 10% score reduction after attempt 2 (b) What is the amount of under-or overapplied overhead at December 31? Manufacturing Overhead $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2 (c) Prepare the adjusting entry to assign the under-or overapplied overhead for the year to cost of goods sold. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit e Textbook and Media