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The information below pertains to October production at Zippy Company's bottling plant, which produces and bottles sports drinks. Each unit

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The information below pertains to October production at Zippy Company's bottling plant, which produces and bottles sports drinks. Each unit consists of a case of 12 bottles:

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Required(a) Using the weighted-average method, determine the number of equivalent units of production for materials and conversion during October.(b) Determine the cost per equivalent unit for materials and conversion for October and the total cost per equivalent unit. (Round to two digits after the decimal point.)(c) Determine whether the cost per equivalent unit for materials and conversion increased or decreased from the previousmonth.

Transcribed Image Text:

UNITS MATERIALS CONVERSION 70% complete 60% complete Work in process, October 1 2,000 Started in October 10,000 12,000 To account for Completed and transferred out 100% complete 100% complete 8,000 25% complete Work in process, October 30 4,000 40% complete 12 000 Accounted for Costs, beginning of October S1,050 53,240 8,200 $9,250 Added during October 22,620 $25,860 To be accounted for

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a Materials Conversion Completed and transferred out units 8000 x 100 8 000 8 000 Ending WIP units 4…View the full answer


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Management Accounting Information for Decision-Making and Strategy Execution

Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

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Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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Chapter # 4
Section: Questions
Problem: 47
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Question Posted: October 30, 2011 11:04:20
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