The total costs to process the beginning 7,000 units in progress was £21,000. 38,000 units were started and completed. There were no ending units in progress. Costs added during the period were: materials, £78,000, and labour and overhead, £36,000. The change in the per unit cost of the units started and completed and the beginning units completed is: a. £0.5 decrease b. £10 increase c. £2.7 increase d. No change
Q: The total conversion cost for company XYZ was five times the prime cost. The direct labor cost was…
A: The following calculations are done for XYZ Company.
Q: Silverado Company incurred the following costs in the production of 10,0UL units of its main product…
A: Contribution margin = Sales - Variable Cost Varibale cost = 150+120+180+100=550 per unit Selling…
Q: shmart, Inc., began operations this year. The company produced 1,000 units and sold 1,000 units at a…
A: Solution: Net income under absorption costing will be computed by first determining gross profit and…
Q: ABD Company's direct labor cost is 30% of its conversion cost. If the manufacturing overhead cost…
A: The conversion cost include direct labor and manufacturing overhead. If direct labor represents 30%…
Q: Joint costs of $8000 are incurred to process X and Y. Upon splitoff ,$4000 and $6000 in costs are…
A: Y must be greater than $40 per unit is the correct answer.
Q: The total prime cost for company XYZ was twice the conversion cost. The direct labor cost was…
A: Prime costs = Direct material costs + Direct labour cost Conversion cost = Direct labour cost +…
Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…
A: The question is multiple choice question. Required Choose the Correct Option.
Q: Normal losses are 10% of input which may be scrapped for £0.65 per litre. What is the cost per unit…
A: realizable value of Normal loss shall be credited to the process account and such loss units shall…
Q: A company manufactures 1000units of outputs using 5000units of materials @ GH¢30 each, and pays…
A: Total product cost means the cost incurred to produce the goods and total expenses means the total…
Q: A company, to manufacture 1,000 monthly units of a certain product, makes the following expenses:…
A: Cost per unit is the total of variable and fixed costs divided by the total units produced. Variable…
Q: At the beginning of the year, you estimated the following - Production - 75,000 units Raw Material -…
A: Standard price = Estimated Raw material cost / Estimated units Raw material efficiency variance =…
Q: he total costs to process the beginning 7,000 units in progress was £21,000. 38,000 units were…
A: per unit cost=total cost/unit produced
Q: Ara volume of 10,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including…
A: Given information is: Level of output = 10,000 units Fixed overhead = $12, 000 Variable Overhead =…
Q: The Maria Company estimated its factory overhead of the next period at P160,000. It is estimated…
A: In ABC costing method, overheads are allocated based on the activity or cost pool. Overhead cost…
Q: The KIA Motor Company estimated its factory overhead for the next period at Rs. 1,600,000 It is…
A: The details of Manufacturing concern are given Required Compute Applied Fixed overhead rate on the…
Q: What was the output valuation?
A: Given information is: A company operates a continuous process into which 3,000 units of material…
Q: How much was the direct materials cost ($)?
A: Prime cost is the Direct Materials + Direct Labour Conversion costs are expenses that are incurred…
Q: ) calculate the cost per unit b) reflect the abnormal loss and cost of rectification in the…
A: Unit introduced= 5000 units @ Rs. 10,000 Wages expense= Rs. 10,000 Overhead Expense= Rs. 8000 % of…
Q: The total conversion cost for company XYZ was four times the prime cost. The direct labor cost was…
A: Conversion cost means the addition of direct labor and factory overhead. Prime cost means the…
Q: ABD Company's direct labor is 40 percent of its conversion cost. If the manufacturing overhead cost…
A: Lets understand the basics. Conversion cost is a cost of converting raw material into the finished…
Q: The total prime cost for company XYZ was five times the conversion cost. The direct labor cost was…
A: NOTE : As per BARTLEBY guidelines, when multiple independent questions are given, then first…
Q: The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit…
A: Normal capacity = 350 000 units per annum. Raw material cost = R220 per unit and direct labour =…
Q: ABD Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…
A: Manufacturing overhead is referred as an indirect costs, which incurs at the time of production…
Q: ABD Company's manufacturing overhead is 20% of its total conversion costs. If direct labor is…
A: Conversion cost: Conversion cost is the cost to convert direct material into finished goods.…
Q: Cost Driver rate
A: Cost driver refers to the cost which is affected by some specific business activities and influenced…
Q: Prime cost is 236000 OMR, and cost of production for the year is 355000 OMR Opening stock of work in…
A: Unit production cost means how much cost has been incurred on production and manufacturing of a…
Q: The total conversion cost for company XYZ was four times the prime cost. The direct labor cost was…
A: Prime cost = Direct materials cost+ Direct labor cost=$30,000 +$20,000=$50,000 Conversion cost…
Q: A company had the following costs in May when 400 units were produced: materials, $4,200; hourly…
A: The total cost is the amount incurred by the company on the production and business function of the…
Q: The total prime cost for company XYZ was three times the conversion cost. The direct labor cost was…
A: The prime cost can be defined as the sum of all direct material cost and direct labor cost. On the…
Q: The prime cost for company XYZ was $28,000, while the conversion cost was $35,000. Assume that…
A: Given Data: Prime Cost = $28,000 Conversion Cost = $35,000 Direct Labor Cost = 3 x Direct Material…
Q: Waltman Co. produces 5,000 units of part A12E. The following costs were incurred for that level of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 15)Pilipe, Inc. at its current production capacity of 200,000 machine hours. At this point total…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The total prime cost for company XYZ was five times the conversion cost. The direct labor cost was…
A: Prime cost = Direct materials + Direct labour Conversion cost = Direcr labour + Manufacturing…
Q: ACME company has the following production costs for May: Units produced 2,000 Direct Material…
A: Production costs are the costs related to the manufacture of goods.
Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…
A: Prime Cost = $20,000 Conversion Cost = $ 25,000 And Prime Cost = Direct material + Direct Labor
Q: Mine Company produced 1,000 units of a product at a selling price of P95.00 each. Direct materials…
A: Solution.. Variable cost are the cost which change proportionally with the Change in production…
Q: Madison Industries has equivalent units of 4,000 for materials and for conversion costs. Total…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Donovan Company incurred the following costs while producing 500 units: direct materials, $10 per…
A: Cost of Goods sold = Direct materials + direct labor + variable manufacturing overhead + total…
Q: Easton Pump Company’s planned production for the year just ended was 20,000 units. This production…
A: Answer 1) Finished Goods Inventory Cost on December 31
Q: The total conversion cost for company XYZ was three times the prime cost. The direct labor cost was…
A:
Q: The Berjaya Manufacturing Company (BMC) produces an industrial chemical product. At the beginning of…
A: The variance is the difference between the actual data and standard output of the production. The…
Q: Under absorption costing, a company had the following per unit costs when 10,000 units were…
A: Formulas: Break-even point = Fixed costs /Contribution margin per unit where, Contribution margin…
Q: Your company manufactures 40,000 units of a product over a period of time. The variable costs were…
A: Variable cost vary with the level of output where as fixed cost remain fixed. When fixed cost is…
Q: The normal capacity of an entity is 350 000 units per annum. The raw material cost is R220 per unit…
A: Cost of Sales is the amount obtained by Subtracting Profit from the Sales.
Q: The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that…
A: Hi student Since there are multiple questions, we will answer only first question.
Q: The accounting records for Portland Products report the following manufacturing costs for the past…
A:
Q: ABD Company's manufacturing overhead is 60% of its total conversion costs. If direct labor is…
A: The costs incurred during the creation of a product are known as manufacturing costs. Manufacturing…
The total costs to process the beginning 7,000 units in progress was £21,000. 38,000 units were started and completed. There were no ending units in progress. Costs added during the period were: materials, £78,000, and labour and overhead, £36,000. The change in the per unit cost of the units started and completed and the beginning units completed is:
a. £0.5 decrease
b. £10 increase
c. £2.7 increase
d. No change
Step by step
Solved in 2 steps with 1 images
- The following data refers to a process:Material input from previous process: 4,000 litres at a cost of £5,400 Conversion costs: • Labour - £900• Overheads - £1,124 Normal losses are 12% of input which may be scrapped for £0.80 per litre. What is the cost per unit of the process? a) £2.00 per litre b) £1.86 per litre c) £0.41 per litre d) £14.60 per litrehe total costs to process the beginning 7,000 units in progress was £21,000. 38,000 units were started and completed. There were no ending units in progress. Costs added during the period were: materials, £78,000, and labour and overhead, £36,000. The change in the per unit cost of the units started and completed and the beginning units completed is? a. £0.5 decrease b. £2.7 increase c. No change d. £10 increaseThe prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct materials cost ($). O a. 15,000 O b. 5,000 O c. 10,000 O d. 30,00O O e. 45,000
- The total prime cost for company XYZ was twice the conversion cost. The direct labor cost was $10,000 while the manufacturing overhead cost was $25,000. How much was the direct materials cost ($)? O a. 60,000 O b. 50,000 O c. 70,000 O d. 45,000 e. None of the given answers10. A production department within a company received materials of $10,000 and conversion costs of $10,000 from the prior department. It added material of $27,200 and conversion costs of $53,000. The equivalent units are 20,000 for material and 18,000 for conversion. Complete the following table to determine what is the unit cost for materials and conversion? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). All other dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Total Cost Equivalent Units Per Unit Material ? ? ? Conversion ? ? ?The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the total manufacturing cost ($). O a. 30,000 O b. 15,000 Oc 10,00O O d. 5,000 O e. 45,000
- 1) Department W had 2,160 units, one-third completed at the beginning of the period. 13,000 units were transferred to Department X from Department W during the period, and 1,550 units were one-half completed at the end of the period. Assume the completion ratios apply to direct materials and conversion costs. 12,280 units b.10,840 units c.16,710 units d.13,055 units 2) If the contribution margin ratio for France Company is 39%, sales were $424,000, and fixed costs were $105,000, what was the income from operations? a.$60,360 b.$48,288 c.$105,000 d.$165,360In using the average method how many units were completed from process 1 and transferred to process 2 and its average unit cost? 15,000 units at an average unit cost P8.65. 15,000 units at an average unit cost P8.70. 14,600 units at an average unit cost P9.00. 14,800 units at an average unit cost P8.80.The prime cost for company XYZ was $20,000, while the conversion cost was $25,000. Assume that direct labor cost is three times the direct materials cost and that the manufacturing overhead cost was two times the direct materials cost. Calculate the direct materials cost ($). O a. 15,000 O b. 30,000 O c. 10,000 O d. 5,000 O e. 45,000 JS PAGE NEXT PAGE 11:37 re to search ADA 4x ENG 22-05-2021 hp prt se 144 delete home wnd 7\ 9 + backspace num lock L. E 8 A home D. K enter 50 pause B 1 shift 11 end alt ctrl 立
- Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $459,000. The conversion cost for the period in the Rolling Department is $303,800. The total equivalent units for direct materials and conversion are 2,700 tons and 4,900 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $fill in the blank 1 per ton Conversion cost per equivalent unit: $fill in the blank 2 per tonDetermine the Manufacturing Overhead Based on the given information, determine the Purchases EFS Systems undertakes its own machine maintenance. The depreciation on the equipment is P20,000 per year and operating cost is P2 per machine hour. Last year 275,000 machine hours were used to produce 100,000 units. Determine the Prime Cost Determine the Finished Goods, Beginning Determine the Conversion Cost Determine the Manufacturing Cost Determine the Finished Goods, EndingCompute conversion costs given the following data: direct materials, $397,000; direct labor, $192,200; factory overhead, $201,100 and selling expenses, $36,800. a.$393,300 b.$164,300 c.$790,300 d.$598,100