Reference no: EM13877491
John Ltd. manufactures a product which passes through 2 departments, Boiling and
Cooling.
Processing first begins in the Boiling department. After boiling of all the materials have been completed, the product is transferred to Cooling department. In the Cooling department, further materials are added when processing is 25% complete (all the materials in the Cooling department are added at this point only).
Conversion costs are incurred uniformly throughout the process in the Cooling department.
Work in process in the Cooling Department as at 1 Nov amounted to 50,000 units (40% complete). The costs included in these units are as follows :
Boiling Department $900,000
Cooling Department :
- Direct materials $740,000
- Direct labour $210,000
- Overheads $?
During the month of Nov, 140,000 units were completed in the Cooling Department and transferred to finished goods inventory. Units transferred in from Boiling in Nov were charged at $19 per unit. Cooling department's costs in Nov were :
Materials added $2,850,000
Direct labour $2,225,000
Overheads $?
Overhead is allocated on the basis of 110% of direct labour cost.
At the end of the month, 60,000 units were still in process in Cooling. These were estimated to be 30% complete.
Required :
(a) Prepare the Cooling Department production cost report for the month of Nov 2015 using (round up to 2 decimal place) :
(i) Weighted Average method
(ii) FIFO method
|
Explain structures of the brain and each structure function
: Write a 700- to 1050-word paper in APA format describing the five major structures of the brain and each structure's function(s) in the human body
|
|
Find combination of price
: A noncompetitive firm faces the following demand function for its product P = 2400 - 16 Q + 12 , Find the combination of price and quantity that maximizes the firm's revenue.
|
|
Calculate atomic packing
: The unit cell for Cr2O3 has hexagonal symmetry with lattice parameters a = 0.4961 nm and c = 1.360 nm. If the density of this material is 5.22 g/cm3, calculate its atomic packing factor.
|
|
Practice differential analysis kim kwon digital components
: Practice Differential Analysis Kim Kwon Digital Components Company assembles circuit boards by using a manually operated machine to insert electronic components. The original cost of the machine is $60,000; the accumulated depreciation is $24,000; it..
|
|
Processing first begins in the boiling department
: Processing first begins in the Boiling department. After boiling of all the materials have been completed, the product is transferred to Cooling department. In the Cooling department, further materials are added when processing is 25% complete (all t..
|
|
Response - blooms taxonomy
: Read your peers' discussion posts and respond to at least two of them. What insights can you share regarding additional uses of Bloom's Taxonomy or other critical thinking skills and strategies related to your peers' interests in psychology
|
|
What price does each passenger pays
: A cruise line offers a one week tour of Alaska for $2,400 per person. If more than 200 passengers join the tour, the price is reduced by $3 per additional pas- senger. The tour can accommodate 1000 passengers. What number of passengers maximizes t..
|
|
Whats the current yield and yield to maturity
: Find the current yield of a 5.65 percent, 8-year bond that's currently priced in the market at $853.75. Now, use a financial calculator to find the yield to maturity on this bond (use annual compounding).
|
|
What is an adjusted trial balance
: What is an adjusted trial balance? What is its purpose?
|