Complete the production cost report for the welding

Assignment Help Accounting Basics
Reference no: EM13596615

The Welding Department of Hirohama Manufacturing Company has the following production and manufacturing cost data for February 2008. All materials are added at the beginning of the process. Hirohama uses the FIFO method to compute equivalent units.

  • Manufacturing Costs
  • Production Data

Beginning work in process $32,175 Beginning work in process 15,000 units

  • Costs transferred in 135,000 10% complete
  • Materials 57,000 Units transferred out 50,000
  • Labor 35,100 Units transferred in 60,000
  • Overhead 71,900 Ending work in process 25,000 units
  • 20% complete

Complete the production cost report for the Welding Department for the month of February. Transferred in costs are considered materials costs.

Reference no: EM13596615

Questions Cloud

In an effort to isolate the problem the president has asked : bovine company a wholesale distributor of dvds has been experiencing losses for some time as shown by its most recent
Robert buey became chief executive officer of phelps : robert buey became chief executive officer of phelps manufacturing two years ago. at the time the company was reporting
Randon house current eps is 650 it was 442 five years ago : randon house current eps is 6.50. it was 4.42 five years ago. the company pays out 40 of its earnings as dividends and
Pro sports inc manufactures basketballs for the national : pro sports inc. manufactures basketballs for the national basketball association nba. for the first 6 months of 2008
Complete the production cost report for the welding : the welding department of hirohama manufacturing company has the following production and manufacturing cost data for
If there were 60000 pounds of raw materials on hand on : if there were 60000 pounds of raw materials on hand on january 1 120000 pounds are desired for inventory at january 31
Original purchase cost 15000 25000 accumulated depreciation : twyla enterprises uses a computer to handle its sales invoices. lately business has been so good that it takes an extra
Sy telc has recently started the manufacture of recrobo a : sy telc has recently started the manufacture of recrobo a three wheeled robot that can scan a home for fires and gas
Frha co purchases a machine for 11500 terms 210 n60 fob : farha co. purchases a machine for 11500 terms 210 n60 fob shipping point. the seller prepaid the 260 freight charges

Reviews

Write a Review

Accounting Basics Questions & Answers

  Computing budgeted cost of work performed

Provide and show all answers and step by step work to obtain the answer, not skipping any steps. Show all equations, acronyms (ie ETC, ACWP, etc), and if applicable, a description of how you came to the answer.

  Amount of the total tax liability

Meese Paper Distributors, Inc. has before-tax earnings of $1,900,000. Using the corporate tax table found in the text, calculate the amount of the total tax liability for Meese.

  For this we must do tasks related to a retail store selling

for this we must do tasks related to a retail store selling dvds. this business is relatively simple with approximately

  Computing kanbans in production process

A manufacturer of thermostats uses a kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes. Containers hold 5 thermostats each.

  Prepare a reconciliation of net income to net cash flows

the accounting records of rockness company provided the data below in 000snet income 25200depreciation and

  Accounting-current and future periods

Which type of accounting change should always be accounted for in current and future periods?

  The following information relates to tom a single tax-payer

the following information relates to tom a single tax-payer age 18salary 1800interest income 1600itemized deductions

  During your year-end review of the accounts related to

in 2011 space technology company modified its model z2 satellite to incorporate a new communication device. the company

  Problem related to break-even point

A company with sales of $100,000, variable expenses of $70,000, and fixed expenses of $50,000 will reach its break-even point if sales are increased by $20,000.

  Classify cost as variable-fixed or mixed

Dousman Company reports the total costs at two levels of production - Classify cost as variable, fixed, or mixed.

  Norwest shoe company has two retail stores one in

norwest shoe company has two retail stores one in albertville and the other in bloomer. the albertville store had sales

  In calculating the cost of merchandise sold does each of

1. what distinguishes a merchandising business from a service business?2. can a business earn a gross profit but incur

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd