Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Double Eagle Corporation produces the prestigious "Double Eagle" golf ball in one department using a process costing system. At the beginning of January, 10,000 golf balls were in work-in-process. During January, 20,000 more golf balls were started. The ending work-in-process included 6,000 balls which were 100 percent completed for direct materials, 75 percent completed for direct labor, and 75 percent completed for overhead. The following table lists the cost information for Department A.
Calculate the answers to the following questions. 1. How many golf balls were completed during January? 2. Calculate the equivalent units for materials in the ending work-in-process. 3. Calculate the equivalent units for labor in the ending work-in-process. 4. Calculate the equivalent units for overhead in the ending-in-process. 5. Using the formula on page 94, calculate the cost per equivalent unit for materials. 6. Using the formula on page 94, calculate the cost per equivalent unit for labor. 7. Using the formula on page 94, calculate the cost per equivalent unit for overhead. 8. What is the total equivalent cost of one golf ball in the month of January? 9. What is the cost of the golf balls completed during January? (Hint: Number of golf balls completed times the equivalent cost per golf ball.) 10. What is the cost of the ending work-in-process inventory? (Hint: Equivalent units for materials in ending WIP times the cost per equivalent unit for materials + Equivalent units for labor in ending WIP times the cost per equivalent unit for labor + Equivalent units for overhead in ending WIP times the cost per equivalent unit for overhead
Which of the following should not be used as the allocation base in a company that appropriately uses a single plant wide rate?
Albert purchased a tract of land for $140,000 in 2006 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.
If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 200 units, and the beginning inventory is 300 units, the number of units set forth in the production budget, representing total production for the ..
wasson company reported the following year-end informationbeginning work in process inventory35000 beginning raw
williams company acquired machinery on july 1 2009 at a cost of 130000. the estimated useful life of the machinery was
in a recent period 13000 units were produced and there was a favorable labor efficiency variance of 23000. if 40000
give the journal entry to charge standard overhead costs to work in process and record overhead variances for the month
purchased a copyright for a design for 15000 with a life left on the copyright of 25 year. the estimated remaining
olaf corporation prepares its statement of cash flows using the direct method. the following items were listed on olafs
raisen inc.s budget included the following overhead costs for the current year assuming operations at 80 of capacity or
come-on-in manufacturing produces two types of entry doors deluxe and standard. the assignment basis for support costs
the product should be a minimum of 43000 bird houses.1.estimate the impact a new product will have on the current
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd