Calculate the equivalent units of production, Cost Accounting

A company manufactures two products, Product A manufactured in Process Y and Product B manufactured in Process Z. The following information is available for a period:

 

Process Y

Process Z

Opening work-in-progress

nil

nil

Raw materials input

$162,180 (18,000 kg)

$210,090

Conversion costs

$94,050

$287,760

Waste material

1,000 kg (Note 1)

Nil

Sales value of waste material

$1.60 per kg

Nil

Output of finished product

17,000 kg

12,600 units

Closing work-in-progress

Nil

1,500 units (Note 2)

Note 1 - In Process Y the normal amount of waste material is 5% of the weight of raw materials input

Note 2 - In Process Z the closing work-in-progress is 100% complete as to raw material and 60% complete as to conversion costs.

Required

(a)    For Process Y, calculate the:

(i)   cost per kg of the expected production of Product A; and

(ii)  total cost of the finished output of Product A.

(b)   For Process Z, calculate the equivalent units of production of Product B in respect of the conversion cost

Posted Date: 2/26/2013 7:20:11 AM | Location : United States







Related Discussions:- Calculate the equivalent units of production, Assignment Help, Ask Question on Calculate the equivalent units of production, Get Answer, Expert's Help, Calculate the equivalent units of production Discussions

Write discussion on Calculate the equivalent units of production
Your posts are moderated
Related Questions
In the beach city of Santa Barbara, California, there are seven bathing suit stores, each with the same schedule of costs and each facing an identical demand curve. Swim N Style is

Question P A RT A Borrico ltd manufacture a single product and they had currently introduced a system of budgeting and variance analysis. The subsequent information i


hml analysis , sde analysis,sos analysis, golf analysis , xyz analysis

Kaplan Computers manufactures high end computer systems for the graphics design industry. At the present time, the company makes three computers with the following characteristics

Tracking Direct Materials Jack keeps full records of the material released to each job. When Donnie gathered up light bulbs, tape, breakers, wire, and wire nuts on the morning

Find a journal article online about just-in-time inventory systems. In the subject line of your post, include the title of the article that you read. Post a link to that article wi

In this section we have tried to develop the concept of flow of funds inside the organization. Starting along with the funds requirement for an organization, we have tried to trace

The Critical Thinking about CVP is described below CVP is more than just a mathematical tool/device to calculate values such as the break-even point. It can be used for the cri

Bakers Bagels LLC produces and sells 20 types of bagels by the dozen. Bagels are priced at $6.00 per dozen (or $0.50 each) and cost $.020 per unit to produce. The company is consid