Homework Answers
Answer 1 C) Direct labor and overhead
Answer 2 C) 10000
Answer 3 b) 90000
Answer 4 e) 84000
Detailed workings for above 2 to 4 Answers
Work in process on 31st July = Opening WIP + Started - Completed = 20000+70000-80000 = 10000 Units
| Equivalent Units of Production (EUP)- Weighted Average Method | |||||
| Units | % Materials | EUP—Materials | % Conversion | EUP—Conversion | |
| Units completed and transferred out | 80000 | 100% | 80000 | 100% | 80000 |
| Units of ending work in process | 10000 | 100% | 10000 | 40% | 4000 |
| Equivalent units of production | 90000 | 84000 | |||
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Then the period costs for selling and admin. Then the totals
highlighted in yellow and the total manufacturing costs. also the
cost per table
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