Homework Answers
| Ques 1 | |||
| materials | conversion costs | ||
| total equivalent units | 18500 | 16740 | |
| 14100+(4400*1) | 14100+(4400*0.6) | ||
| Ques 2 | |||
| workings | |||
| materials | 3.45 | (63825/18500) | |
| conversion costs | 2.20 | (17328+19500)/16740 | |
| total unit cost | 5.65 | ||
| Qus 3 | |||
| cost accounted for | |||
| transferred out | (14100*5.65) | 79665 | |
| work in process | |||
| materials(4400*3.45) | 15180 | ||
| conversion costs(4400*60%*2.20) | 5808 | 20988 | |
| total costs | 100653 |
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The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. 1....
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 14,100 units. Started 4,400 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 63,825 17,328 19,500 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. 1....
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 12,500 units. Started 4,500 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 68,850 21,700 20,100 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of production for...
The Cutting Department of Cassel Company has the following production and cost data for July 1....
The Cutting Department of Cassel Company has the following production and cost data for July 1. 2. Production Transferred out 13,000 units. Started 4,300 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31 Costs Beginning work in process Materials Labor Manufacturing overhead $0 70,065 17,829 21.900 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
1. The Cutting Department of Cassel Company has the following production and cost data for July....
1. The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs Transferred out 13,000 units. Beginning work in process $0 Started 4,600 units that are 60% Materials 68.640 complete as to conversion Labor 11,472 costs and 100% complete as Manufacturing overhead 23,200 to materials at July 31. 2. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 13,000 units. Beginning work in process 2. Started 4,300 units that are 60% Materials complete as to conversion Labor costs and 100% complete as Manufacturing overhead to materials at July 31. $0 70,411 17,517 21,900 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. 1....
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 13,500 units. Started 4, 100 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 66,880 16,304 22,000 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Prepare a cost reconciliation schedule. (Round unit...
The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,100 units. Beginning work in process $0 2. Started 4,200 units that are 60% Materials 68,460 complete as to conversion Labor 18,405 Manufacturing overhead 21,800 costs and 100% complete as to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. Production...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,300 units. Beginning work in process $0 2. Started 4,500 units that are 60% Materials 68,880 complete as to conversion Labor 20,100 costs and 100% complete as Manufacturing overhead 20,400 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The cutting department of Cassel Company has the following production and cost data for July 1...
The cutting department of Cassel Company has the following production and cost data for July 1 Transferred out 14,100 units Beginning work in process $0 2 Started 5,100 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Materials 74,304 Labor 30,000 Manufacturing overhead 21,300 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Compute unit costs and cost reconciliation schedule
The Cutting Department of Cassel Company has the following production and cost data for July 2...
The Cutting Department of Cassel Company has the following production and cost data for July 2 Production Costs 1 Transferred out 12,700 units. Beginning work in process $0 Started 3,600 units that are 60% Materials 63,570 complete as to conversion Labor 8,406 costs and 100% complete as Manufacturing overhead 22,800 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 14,100 units. Started 4,400 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 63,825 17,328 19,500 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 12,500 units. Started 4,500 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 68,850 21,700 20,100 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of production for...
The Cutting Department of Cassel Company has the following production and cost data for July 1. 2. Production Transferred out 13,000 units. Started 4,300 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31 Costs Beginning work in process Materials Labor Manufacturing overhead $0 70,065 17,829 21.900 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
1. The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs Transferred out 13,000 units. Beginning work in process $0 Started 4,600 units that are 60% Materials 68.640 complete as to conversion Labor 11,472 costs and 100% complete as Manufacturing overhead 23,200 to materials at July 31. 2. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 13,000 units. Beginning work in process 2. Started 4,300 units that are 60% Materials complete as to conversion Labor costs and 100% complete as Manufacturing overhead to materials at July 31. $0 70,411 17,517 21,900 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 13,500 units. Started 4, 100 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 66,880 16,304 22,000 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Prepare a cost reconciliation schedule. (Round unit...
The Cutting Department of Cassel Company has the following production and cost data for July. Production Costs 1. Transferred out 12,100 units. Beginning work in process $0 2. Started 4,200 units that are 60% Materials 68,460 complete as to conversion Labor 18,405 Manufacturing overhead 21,800 costs and 100% complete as to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
The Cutting Department of Cassel Company has the following production and cost data for July 2 Production Costs 1 Transferred out 12,700 units. Beginning work in process $0 Started 3,600 units that are 60% Materials 63,570 complete as to conversion Labor 8,406 costs and 100% complete as Manufacturing overhead 22,800 to materials at July 31. Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. Determine the equivalent units of production for (1)...
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