Reference no: EM131268153
Be Safe, Inc. manufactures car seats in its Dallas plant. Each car seat passes through the Assembly Dept and the Testing Dept. This problem focuses on the Assembly Dept. the process-costing system at Be Safe, Inc. has a single direct-cost category (direct materials) and a single indirect-cost category (conversion costs). Direct materials are added at the beginning of the process. Conversion costs are added evenly during the process. When the Assembly Dept finished work on each car seat, it is immediately transferred to Testing.
Be Safe, Inc. uses the First In First Out Method of process costing. Data for the Assembly Dept for September 2014 is:
Physical Units Direct Conversion
(Car Seats) Materials Costs
Work-in-process, Sep 1* 5,000 $1,250,000 $402,750
Started during Sep 2014 20,000
Completed during Sep 2014 22,500
Work-in-process Sep 30** 2,500
Total costs added during
Oct 2009 $4,500,000 $2,337,500
*Degree of completion: DM ?%; CC 60%
*Degree of completion: DM ?%; CC 70%
1. For each cost category; compute equivalent units in the Assembly Dept. Show
physical units in the first column of the schedule.
2. For each cost category, summarize total Assembly Dept costs for Sep 2014 and
calculate the cost per equivalent unit.
3. Assign total costs to units completed and transferred out and to units in ending Work in Process
4. Prepare the journal entry to move costs from WIP-Assembly Dept to the WIP-Testing Department.
|
What additional risk factors are you adding to your matrix
: Create a separate new matrix that summarizes the additional risk factors for this firm launching a management consultancy or legal services line. What additional risk factors are you adding to your matrix?
|
|
What is the weighted-average number of shares outstanding
: On January 1, 2015, Gridley Corporation had 250,000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold an additional 500,000 shares on the open market at $20 per share. What is the weighted-average number of shares outstand..
|
|
What is the expected change in operating income next year
: Cordell, Inc. has an operating leverage of 3. Sales are expected to increase by 9% next year. What is the expected change in operating income next year?
|
|
Review the skills exhibited by an effective manager
: Review the "Skills Exhibited by an Effective Manager" (Table 1-2 in Organizational Behavior). Identify your particular areas of strength and discuss opportunities for your own development as a manager.
|
|
Single direct-cost category-single indirect-cost category
: Be Safe, Inc. manufactures car seats in its Dallas plant. Each car seat passes through the Assembly Dept and the Testing Dept. This problem focuses on the Assembly Dept. the process-costing system at Be Safe, Inc. has a single direct-cost category (d..
|
|
Describe the levels of uncertainty and complexity
: Write a four to five (4-5) page paper in which you: Summarize the selected project and describe the primary failures of traditional project risk management. Describe the levels of uncertainty and complexity for the project
|
|
Detachable warrant for each share issued
: On July 4, 2014, Chen Company issued for $8,400,000 a total of 80,000 shares of $100 par value, 7% noncumulative preferred stock along with one detachable warrant for each share issued. Each warrant contains a right to purchase one share of Chen $10 ..
|
|
Discuss the challenge of implementing innovations
: In "Business Model Innovation in Practice," Euchner and Ganguly (2014) discuss the challenge of implementing innovations within organizations that are naturally resistant to change.
|
|
Was manufacturing overhead underallocated-overallocated
: Pumpkin Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour. The following data are obtained from the accounting records for June 2014: What actual amo..
|