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Question;223. Clarks;Corporation uses the FIFO method in its process costing. The following data;pertain to its Assembly Department for August.;Units;in process, August 1: materials 85% complete, conversion 20% complete 700;Units;started into production during August 9,400;Units;completed and transferred to the next department 8,300;Units;in process, August 31: materials 90% complete, conversion 60% complete 1,800;Required: Determine the equivalent units of production;for the Assembly Department for August using the FIFO method.;Ans;224. The following data have been provided by;Corby Corporation for the Circuit Prep Department. The company uses the FIFO;method in its process costing.;Units;in process, May 1: materials 60% complete, conversion 45% complete 500;Units;started into production during May 8,900;Units;started and completed during May 7,800;Units;completed and transferred to the next department during May 8,300;Units;in process, May 31: materials 80% complete, conversion 40% complete 1,100;Required: Determine the equivalent units of production;for the Circuit Prep Department for May using the FIFO method.;225. Zubris Corporation uses the FIFO method;in its processing costing. The following data concern the company's Assembly;Department for the month of July.;Materials Conversion;Work in;process, July 1 $4,761 $5,365;Cost added;to production in the Assembly Department during July $26,496 $34,040;Equivalent;units of production for July 2,070 1,850;Required: Compute the costs per equivalent unit for the;Assembly Department for July using the FIFO method.;Ans;226. Rauzman Corporation uses the FIFO method;in its processing costing. The following data concern the company's Mixing;Department for the month of August.;Materials Conversion;Work in;process, August 1 $25,641 $15,300;Cost;added to production in the Mixing Department during August $170,940 $179,775;Equivalent;units of production for August 7,770 7,650;Required: Compute the cost per equivalent unit for;materials and conversion for the Mixing Department for August using the FIFO;method.;227. Crone Corporation uses the FIFO method;in its processing costing system. The following data concern the company's;Assembly Department for the month of October.;Cost in;beginning work in process inventory $1,920;Units;started and completed this month 3,130;Materials Conversion;Cost;per equivalent unit $9.50 $20.40;Equivalent;units required to complete the units in beginning work in process inventory 360 140;Equivalent;units in ending work in process inventory 330 264;Required: Determine the cost of ending work in process;inventory and the cost of units transferred out of the department during;October using the FIFO method.;Ans;228. The following data has been provided by;Glasco Inc., a company that uses the FIFO method in its processing costing;system. The data concern the company's Shaping Department for the month of;June.;Cost in;beginning work in process inventory $1,690;Units;started and completed this month 4,110;Materials Conversion;Cost;per equivalent unit $12.50 $45.70;Equivalent;units required to complete the units in beginning work in process inventory 460 260;Equivalent;units in ending work in process inventory 220 176;Required: Determine the cost of ending work in process;inventory and the cost of the units transferred out of the department during;June using the FIFO method.;229. Central Medical Clinic has two service;departments, Building Services and Energy, and three operating departments;Pediatrics, Geriatrics, and Surgery. Central allocates the cost of Building;Services on the basis of square feet and Energy on the basis of patient days.;No distinction is made between variable and fixed costs. Budgeted operating;data for the year just completed follow;Service;Departments Operating;Departments;Building;Services Energy Pediatrics Geriatrics Surgery;Budgeted;costs before allocation $20,000 $10,000 $90,000 $60,000 $100,000;Square;feet 1,000 4,000 6,000 18,000 12,000;Patient;days 0 0 5,500 7,700 8,800;Required;a. Prepare a;schedule to allocate service department costs to operating departments by the;direct method (round all dollar amounts to the nearest whole dollar).;b. Prepare a;schedule to allocate service department costs to operating departments by the;step-down method, allocating Building Services first (round all amounts to the;nearest whole dollar).;230. Cerce Corporation uses the direct method;to allocate service department costs to operating departments. The company has;two service departments, Administrative and Facilities, and two operating;departments, Assembly and Finishing.;Service;Department Operating;Department;Administrative Facilities Assembly Finishing;Departmental;costs $29,440 $46,740 $258,880 $320,280;Employee;hours 5,000 2,000 29,000 17,000;Space;occupied?square feet 2,000 2,000 30,000 8,000;Administrative;Department costs are allocated on the basis of employee hours and Facilities;Department costs are allocated on the basis of space occupied.;Required: Allocate the service department costs to the;operating departments using the direct method.;231. Sandven Corporation uses the direct;method to allocate its two service department costs to its two operating departments.;Data concerning those departments follow;Service;Department A Service Department B Operating Department X Operating Department Y;Departmental;costs $34,300 $66,230 $161,710 $503,220;Allocation;base A 5,000 1,000 32,000 17,000;Allocation;base B 8,000 2,000 32,000 5,000;Service;Department A costs are allocated on the basis of allocation base A and Service;Department B costs are allocated on the basis of allocation base B.;Required: Allocate the service department costs to the;operating departments using the direct method.;Ans;232. The direct method is used by Kurpinski;Clinic to allocate its service department costs to its operating departments.;Data concerning those departments follow;Service;Departments Operating;Departments;Information;Technology Personnel Pediatrics Prenatal;Departmental;costs $34,650 $31,356 $566,960 $688,220;Computers 22 17 44 46;Employees 15 15 75 42;Information;Technology costs are allocated on the basis of computers and Personnel costs;are allocated on the basis of employees.;Required: Allocate the service department costs to the;operating departments using the direct method.;233. Mercik Consultancy uses the direct;method to allocate its service department costs to its operating departments.;The company has two service departments, Information Technology and;Administration, and two operating departments, Corporate Practice and;Government Practice. Data concerning those departments follow;Service;Departments Operating;Departments;Information;Technology Admini-stration Corporate Practice Government Practice;Departmental;costs $26,244 $21,696 $226,170 $477,980;Computers 39 14 51 30;Employees 32 10 70 26;Information;Technology Department costs are allocated on the basis of computers and;Administration Department costs are allocated on the basis of employees.;Required: Allocate the service department costs to the;operating departments using the direct method.;234. Bazin Corporation has two service;departments, Service Department A and Service Department B, and two operating;departments, Operating Department X and Operating Department Y.;Service;Department A Service Department B Operating Department X Operating Department Y;Departmental;costs $31,280 $55,640 $161,490 $399,350;Allocation;base A 4,000 1,000 26,000 19,000;Allocation;base B 6,000 2,000 30,000 2,000;The;company uses the step-down method to allocate service department costs to;operating departments. Service Department A costs are allocated first on the;basis of allocation base A and Service Department B costs are allocated second;on the basis of allocation base B.;Required: Allocate the service department costs to the;operating departments using the step-down method.;235. Coakley Corporation uses the step-down;method to allocate service department costs to operating departments. The;company has two service departments, Administration and Facilities, and two;operating departments, Assembly and Finishing.;Service;Department Operating;Department;Administration Facilities Assembly Finishing;Departmental;costs $22,260 $69,130 $137,520 $900,750;Employee;time 4,000 1,000 25,000 16,000;Space;occupied 6,000 1,000 34,000 9,000;Administration;Department costs are allocated first on the basis of employee time and;Facilities Department costs are allocated second on the basis of space;occupied.;Required: Allocate the service department costs to the;operating departments using the step-down method.;236. Georgeson Emergency Care Hospital uses;the step-down method to allocate service department costs to operating;departments. The hospital has two service departments, Administration and;Information Technology (IT), and two operating departments, Emergency Room and;Intensive Care.;Service;Department Operating;Department;Admini-stration IT Emergency;Room Intensive Care;Departmental;costs $13,340 $15,805 $597,700 $396,240;Employees 4 5 142 83;Computers 4 4 65 46;Administration;Department costs are allocated first on the basis of employees and IT;Department costs are allocated second on the basis of computers.;Required;Allocate the service department costs to the operating departments using the;step-down method.;237. Lester Natal Clinic uses the step-down;method to allocate service department costs to operating departments. The;clinic has two service departments, Administration and Information Technology;(IT), and two operating departments, Prenatal Care and Postnatal Care.;Service;Department Operating;Department;Admini-stration IT Prenatal;Care Postnatal Care;Departmental;costs $20,448 $22,506 $570,720 $369,880;Employees 2 3 131 79;Computers 2 2 45 42;Administration;Department costs are allocated first on the basis of employees and IT;Department costs are allocated second on the basis of computers.;Required: Allocate the service department costs to the;operating departments using the step-down method.

 

Paper#40301 | Written in 18-Jul-2015

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