What would cost transferred out of the ASSEMBLY department

Assignment Help Managerial Accounting
Reference no: EM133058195

Question - Leonardo corp. Manufactures a wooden desk which is processed in a continuous manufacturing system. Production requires 3 steps of sequential processing: cutting, assembly, and painting. The cost information obtained for each processing department during January is as follows:

 

Cutting

Assembly

Finishing

Direct Materials

$7,000

$10,000

$3,000

Direct Labor

3,000

14,000

2,000

Overhead applied

4,000

5,000

6,000

There was NO BEGINNING/ENDING WORK-IN-PROCESS in any department during January. Total 1,000 units of wooden desks were produced during the period.

Required - What would be the cost transferred out of the ASSEMBLY department?

Reference no: EM133058195

Questions Cloud

Critically apply knowledge of pharmacology : Critically apply knowledge of pharmacology to a variety of scenarios and Contexts - identify wanted and major unwanted effects using their knowledge of normal
Calculate the monthly payment of the loan : However, for the first year Bashir only affords to pay monthly payment of RM1,500. Calculate the monthly payment of the loan
Calculate the project-specific cost of equity : Anggun Bhd is a company with a capital structure of 40% debt and 60% equity. Calculate the project-specific cost of equity
Gardner theory of multiple intelligences : Compare Gardner's theory of multiple intelligences and Sternberg's triarchic theory of intelligence.
What would cost transferred out of the ASSEMBLY department : Total 1,000 units of wooden desks were produced during the period. What would be the cost transferred out of the ASSEMBLY department
Blood transfusions-natural disasters like hurricanes : During natural disasters like hurricanes, when the community is living in shelters, why would there be a concern about a tuberculosis outbreak?
Examine the mean-variance relation : Examine the mean-variance relation for (i) overnight returns, (ii) intraday returns, and (iii) total returns. Interpret
Record the admission of Peter Parker : Joey and Legoria have capital balances of $50,000 and $30,000 and share income in a ratio of 3:2, respectively. Record the admission of Peter Parker
Rough-and-tumble play and dominance hierarchies : Explain the adaptive value of rough-and-tumble play and dominance hierarchies.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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