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Oregon Products Inc. completed and transferred 72,000 particle board units

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Question;1. Costs per;Equivalent Unit;Oregon Products Inc. completed and transferred;72,000 particle board units of production from the Pressing Department. There;was no beginning inventory in process in the department. The ending in-process;inventory was 2,900 units, which were 3?5 complete as to;conversion cost. All materials are added at the beginning of the process.;Direct materials cost incurred was $202,230, direct labor cost incurred was;$36,705, and factory overhead applied was $18,600.;Determine the following for the Pressing;Department. Round "cost per equivalent unit" answers to the nearest;cent.;a. Total conversion;cost;$;b. Conversion cost;per equivalent unit;$;c. Direct materials;cost per equivalent unit;$;2. Equivalent Units of Production and Related Costs;The charges to;Work in Process?Assembly Department for a period, together with;information concerning production, are as follows. All direct materials are;placed in process at the beginning of production.;Determine the following;a.;The number of units in work in process inventory at the end of;the period.;units;b. Equivalent units of production for;direct materials and conversion. If an amount is zero or a blank, enter in;0".;Work in Process-Assembly Department;Equivalent Units of Production for Direct;Materials and Conversion Costs;Whole Units;Equivalent Units Direct Materials;Equivalent Units Conversion;Inventory in process, beginning;Started and completed;Transferred to finished goods;Inventory in process, ending;Total units;c.;Costs per equivalent;unit for direct materials and conversion.;Costs Per Equivalent Unit;Direct Materials;$;Conversion;$;d.;Cost of the units started and completed during;the period.;$;3.Cost per Equivalent;Unit;The following;information concerns production in the Forging Department for November. All;direct materials are placed into the process at the beginning of production;and conversion costs are incurred evenly throughout the process. The beginning;inventory consists of $17,400 of direct materials.;a. Determine the;number of units transferred to the next department.;units;b. Determine the;costs per equivalent unit of direct materials and conversion. If required;round your answer to two decimal places.;Cost per equivalent unit of direct;materials;$;Cost per equivalent unit of conversion;$;c. Determine the;cost of units started and completed in November.;$;4.Cost of Production;Report;The debits to Work;in Process?Roasting Department for Morning Brew Coffee;Company for August 2014, together with information concerning production, are;as follows;All direct materials are placed in;process at the beginning of production.;a. Prepare a cost of production;report, presenting the following computations;1;Direct materials and conversion equivalent units of production for August.;2;Direct materials and conversion costs per equivalent unit for August.;3;Cost of goods finished during August.;4;Cost of work in process at August 31, 2014.;If an amount is zero, enter in;0". For the cost per equivalent unit, round your answer to the;nearest cent.;Morning Brew Coffee Company;Cost of Production Report-Roasting;Department;For the Month Ended August 31, 2014;Unit Information;Units charged to;production;Inventory in process;August 1;Received from materials;storeroom;Total units accounted;for by the Roasting Department;Units to be assigned;costs;Equivalent Units;Whole Units;Direct Materials (1);Conversion (1);Inventory in process;August 1;Started and completed;in August;Transferred to finished;goods in August;Inventory in process;August 31;Total units to be;assigned costs;Cost Information;Costs per equivalent;unit;Direct Materials;Conversion;Total costs for August;in Roasting Department;$;$;Total equivalent units;Cost per equivalent;unit (2);$;$;Costs assigned to;production;Direct Materials;Conversion;Total;Inventory in process;August 1;$;Costs incurred in;August;Total costs accounted;for by the Roasting Department;$;Costs allocated to;completed and partially completed units;Inventory in process;August 1 balance;$;To complete inventory;in process, August 1;$;$;Cost of completed;August 1 work in process;$;Started and completed;in August;Transferred to finished;goods in August (3);$;Inventory in process;August 31 (4);Total costs assigned by;the Roasting Department;$;b.;Compute and evaluate the change in cost per equivalent unit for;direct materials and conversion from the previous month (July). If required;round your answers to two decimal places.;Increase;or Decrease;Amount;Change in direct materials cost per equivalent unit;$;Change in conversion cost per equivalent unit;$;5.Cost of Production Report;Abica Coffee;Company roasts and packs coffee beans. The process begins by placing coffee;beans into the Roasting Department. From the Roasting Department, coffee beans;are then transferred to the Packing Department. The following is a partial work;in process account of the Roasting Department at May 31, 2014;1. Prepare a cost of production;report, and identify the missing amounts for Work in Process?Roasting Department. If an amount;is zero, enter in a zero "0". When computingcost per equivalent units, round to the nearest cent.;Abica Coffee Company;Cost of Production Report-Roasting;Department;For the Month Ended May 31, 2014;Unit Information;Units charged to;production;Inventory in process;May 1;Received from materials;storeroom;Total units accounted;for by the Roasting Department;Units to be assigned;costs;Equivalent Units;Whole Units;Direct Materials;Conversion;Inventory in process;May 1;Started and completed;in May;Transferred to Packing;Department in May;Inventory in process;May 31;Total units to be;assigned costs;Cost Information;Costs per equivalent;unit;Direct Materials;Conversion;Total costs for May in;Roasting Department;$;$;Total equivalent units;Cost per equivalent unit;$;$;Costs charged to;production;Direct Materials;Conversion;Total;Inventory in process;May 1;$;Costs incurred in May;Total costs accounted;for by the Roasting Department;$;Cost allocated to;completed and partially completed units;Inventory in process;May 1 balance;$;To complete inventory;in process, May 1;$;$;Cost of completed May 1;work in process;$;Started and completed;in May;Transferred to Packing;Department in May;$;Inventory in process;May 31;Total costs assigned by;the Roasting Department;$;2. Assuming that the May 1 work in process;inventory includes $5,232 of direct materials, determine the increase or;decrease in the cost per equivalent unit for direct materials and conversion;between April and May. If required, round your answers to two decimal places.;Increase or Decrease;Amount;Change in direct materials cost per;equivalent unit;$;Change in conversion cost per equivalent unit;$

 

Paper#44479 | Written in 18-Jul-2015

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