Calculate the manufacturing cycle efficiency for each product.
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- PoF bussiness stats bool.pdf cost accounting book.pdf E Chapter 1.pdf x + PRE PDF O File | C:/Users/RASAB/Downloads/Chapter%201%20.pdf P1-8 Job order cost; journal entries; ending work in process; inventory analysis Hidalgo Company manufactures goods to special order and uses a joh order cost system. During its first month of operations, the following selected transactions took place: LO7 a. Materials purchased on account $37,000 b. Materials issued to the factory: Job 101 $ 2,200 Job 102 5,700 Job 103 7,100 Job 104 1,700 For general use in the factory 1,350 c. Factory wages and salaries earned: Job 101 $ 2,700 Job 102 6,800 Job 103 9,200 Job 104 ..... 2,100 For general work in the factory 2,250 d. Miscellaneous factory overhead costs on account ... $ 2,400 e. Depreciation of $2,000 on the factory machinery recorded. f. Factory overhead allocated as follows: Job 101 $ 1,200 Job 102 2,000 Job 103 3,800 Job 104 ... 1,000 g. Jobs 101, 102, and 103 completed. h. Jobs 101 and 102 shipped to…estions | bartleby How many units must be in... E My Home CengageNOWv2| Onlis eBook A company started the month with 8,322 units in work in process inventory. It started 23,133 units and had an ending inventory of 9,325. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred outestions | bartleby G How many units must be in... My Home CengageNOWv2| Online te... eВook Narwhal Swimwear has a beginning work in process inventory of 14,500 units and transferred in 120,000 units before ending the month with 15,000 units that were 100% complete with regard to materials and 40% complete with regard to conversion costs. The cost per unit of material is $6.00 and the cost per unit for conversion is $7.80. Using the weighted-average method, what is the amount of material and conversion costs assigned to the department for the month? Material cost Conversion cost $ +
- CengageNOWv2 | Online teachin x + genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... A A ★ F Selected accounts with some amounts omitted are as follows: Work in Process Aug. 1 Balance 253,960 Aug. 31 Goods finished 194,700 31 Direct materials X 31 Direct labor 35,500 X 31 Factory overhead Factory Overhead Aug. 1-31 Costs incurred 100,050 Aug. 1 Balance 13,280 31 Applied (30% of direct labor cost) X If the balance of Work in Process on August 31 is $212,000, what was the amount debited to Work in Process for direct materials in August? Oa. $306,760 Ob. $106,590 Oc. $501.460 Od. $77,460 8:16 A 5/2/202 LOM OL ▬▬ JUB M & 7 U 8 CF10 P但 1/1 ngageNOWv2 | Online teachirs X om/ilrn/takeAssignment/takeAssignmentMa.uo?invoker=&takeAssignmentSessionLocator=&inprogress=false 田) eBook A company started the month with 8,334 units in work in process inventory. It started 23,144 units and had an ending inventory of 9,312. The units were 100% complete to materials and 67% complete with conversion. How many units were transferred out during the period? Units transferred outeBook Show Me How Calculator Print Item Costs per Equivalent Unit The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Mar. 1 Bal., 8,400 units, 1/3 completed 19,180 31 Direct materials, 151,200 units 302,400 321,580 31 Direct labor 89,590 411,170 31 Factory overhead 50,396 461,566 31 Goods finished, 153,300 units 444,430 17,136 31 Bal. ? units, 4/5 completed 17,136 a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent. 1. Direct materials cost per equivalent unit 2. Conversion cost per equivalent unit %$4 3. Cost of the beginning work in process completed during March 4. Cost of units started and completed during March $4 5. Cost of the ending work in process b. Assuming that the direct materials cost is the same for…
- gagenown/ilm/takeAssignment/takeAssignmentMain.do?invoker=&ta... A Q eBook Activity Fabrication Assembly Setup Inspecting Production scheduling Purchasing Activity Rate $24 per machine hour $13 per direct labor hour $50 per setup $28 per inspection $14 per production order $11 per purchase order The activity-base usage quantities and units produced for each product were as follows: Elliptical Machines Treadmill 1,687 419 53 Activity Base Machine hours Direct labor hours Setups Elliptical Machines Treadmill 4 Product Costs using Activity Rates Hercules Inc. manufactures elliptical exercise machines and treadmills. The products are produced in its Fabrication and Assembly production departments. In addition to production activities, several other activities are required to produce the two products. These activities and their associated activity rates are as follows: C 101 Print Item % 15 5 732 $ Inspections Production orders Purchase orders 198 Units produced 286 Use the activity rate…Recording manufacturing costs for a JIT system Low Range produces fleece jackets. The company uses JIT costing for its JIT production system. Low Range has two inventory accounts: Raw and In-Process Inventory and Finished Goods Inventory. On March 1, 2018, the account balances were Raw and In-Process Inventory, $9,000; Finished Goods Inventory, $1,700. The standard cost of a jacket is $40, composed of $12 direct materials plus $28 conversion costs. Data for March’s activities follow: Requirements What are the major features of a JIT production system such as that of Low Ranger? Prepare -summary journal entries for March Underallocated or overallocated conversion costs are adjusted to Cost of Goods Sold monthly. Use a T-account to determine the March 31, 2018, balance of Raw and In-Process Inventory.Required information Skip to question [The following information applies to the questions displayed below.] Sierra Company manufactures soccer balls in two sequential processes: Cutting and Stitching. All direct materials enter production at the beginning of the cutting process. The following information is available regarding its May inventories: Beginning Inventory Ending Inventory Raw materials inventory $ 6,000 $ 9,250 Work in process inventory—Cutting 43,500 51,500 Work in process inventory—Stitching 63,300 60,500 Finished goods inventory 20,100 8,250 The following additional information describes the company's production activities for May. Direct materials Raw materials purchased on credit $ 25,000 Direct materials used—Cutting 21,750 Direct materials used—Stitching 0 Direct labor Direct labor—Cutting $ 15,600 Direct labor—Stitching 62,400 Factory Overhead (Actual costs) Indirect materials used $ 6,000 Indirect labor used 55,000 Other overhead costs 46,505 Factory Overhead Rates…
- eNOWv2 | Online teach akeAssignment/takeAssignm IMain.do?invoker 8takeAssignmentSessionLocator-8inprogress-false en genera... 21. Homepage South... CengageNOWv2 |. MindEdge Other bookmarks E eBook Show Me How Equivalent Units of Production The Converting Department of Worley Company had 720 units in work in process at the beginning of the period, which were 40% complete. During the period, 15,200 units were completed and transferred to the Packing Department. There were 800 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0" Worley Company Number of Equivalent Units of Production Direct Materials Equivalent Units Equivalent Units Whole Units Conversion Inventory in process, beginning 720 432. Started and completed x Transferred to Packing Department…1/1 CengageNOWv2 | Online teachirn X now.com/ilrn/takeAssignment/takeAssignmentMaruo?invoker=&itakeAssignmentSessionLocator=&inprogress3Dfalse eBook Prepare the journal entry to record the transfer of 2,500 units from the packaging department to finished goods if the material cost per unit is $2 and the conversion cost per unit is $5.60. If an amount box does not require an entry, leave it blank. 88ome 1/1 My Home .com/ilrn/takeAssignment/takeAssignmentMam.ao?inprogress=true CengageNOWv2| Online te x (28) Migos - Straightenin (C x+ eBook ... 电 |8 A company has 1,400 units in ending work in process that are 20% complete after transferring out 11,000 units. All materials are added at the beginning of the process. If the cost per unit is $4 for materials and $8 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method? Cost of units transferred out 24 Ending work in process inventory $ Previous Next Check My Work Save and Exit Submit Assignment for Grading 1:09 PM Cp ツ 3/4/2022 37°F Sunny 五 。 dy home delete SUT prt sc 144 I14 backspace -> ok