manufacturers homeopathic medicine to aid in fighting minor ailments like the common cold. At the end of the period, they had calculated a per equivalent unit cost of $7.28. The ending work in process units had the following characteristics: 21,900 physical units 40% complete What is the balance of the work in process ending inventory? Round to the nearest whole dollar.
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Holt Homeopathic Remedies manufacturers homeopathic medicine to aid in fighting minor ailments like the common cold. At the end of the period, they had calculated a per equivalent unit cost of $7.28. The ending work in process units had the following characteristics:
- 21,900 physical units
- 40% complete
What is the balance of the work in process ending inventory? Round to the nearest whole dollar.
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- Photo Frame Company had beginning Work in Process inventory of 1,350 units. There were 3,600 units of product started during the period. Ending Work in Process inventory consisted of 1,650 units that were 50% complete. The total dollar cost associated with production of inventory was $89,500. The cost per equivalent whole unit would be which of the following? (Round your answer to the nearest whole dollar.) $27 $18 $21 $22(Production and related schedules) The Jansen Company manufactures and sells two products: plastic boxes and plastic trays. Estimated needs for a unit of each are Вохеs Trays Material A 2 pounds 4 pounds 2 hours 1 pound 4 pounds 2 hours Material B Direct labor Overhead is applied on the basis of $2 per direct labor hour. The estimated sales by product for 2000 are: Вохes Trays Sales 42,000 24,000 The beginning inventories are expected to be as follows: Material A Material B 4,000 pounds 6,000 pounds 1,000 units Вохes Trays 500 units The desired inventories are one month's production requirements, assuming constant sales throughout the year. Prepare the following information: a. Production schedule b. Purchases budget in units c. Direct labor budget in hours d. Overhead to be charged to productionMaurizio manufactures famous Italian pastries. Assume the company had no beginning or ending work-in-process balances. Production (units) 25 Direct materials $ 250 Direct labour $ 400 Overhead $ 225 Selling & Adm Exp $ 180 Total $ 1,055 What were the total prime costs last month? What was the total per-unit prime cost last month? What were the total conversion costs last month? What was the per-unit conversion cost last month? What was the amount of cost of goods manufactured last month? What was the per unit cost of the product last month? Please give the soluton in step by step format and not in image format
- Blueberry Company reports the following information: Direct Materials $10 / unit Direct Labor $20 / unit Variable Overhead $10 / unit Fixed Overhead $160,000 for the year Units Produced $20,000 Units Sold $18,000 IF we use absorption costing - what is the product cost / unit? How much cost would be added to ending inventory for the period. IF we use variable costing - what is the product cost / unit? How much cost would be added to ending inventory for the period?K Grin Company manufactures digital cameras. In January, Grin produced 2,750 cameras with the following costs: Direct materials Direct labor $960,000 Required: 104,000 Manufacturing overhead There were no beginning or ending inventories of WIP. 416,000 If required, round your answers to the nearest cent. 1. What was the total prime cost in January? $ 2. What was the prime cost per unit in January? per unit 3. What was the total conversion cost in January? 4. What was the conversion cost per unit in January? per unitComet Canisters, Inc. has collected the following data for the current year: Beginning Finished Goods Inventory 60 units Units produced 540 units Units sold 600 units Sales price $ 150 per unit Direct materials $ 14 per unit Direct labor $ 17 per unit Variable manufacturing overhead $12 per unit Fixed manufacturing overhead $16,600 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $12,000 per year What is the unit product cost using absorption costing? (Round your answer to the nearest cent.)
- The Cowboy Company had the following department information for the month: Total materials costs $60,000 Equivalent units of materials 10,000| Total conversion costs $90,804 Equivalent units of conversion 20,000 costs How much is the total manufacturing cost per unit? Round your answer to 2 decimals places.Frazier Manufacturing Company collected the following production data for the past month: Units Produced 1,600 1,300 1,500 1,100 Total Cost $66,000 57,000 67,500 Total cost = $0+ $45*units 49,500 If the high-low method is used, what is the monthly total cost equation? O Total cost = $13,200 + $33*units Total cost = $16,500 + $30*units Total cost = $9,900 + $36* units Ç 8 A O MacBook Pro W P s ÖAcacia Manufacturing has compiled the following information from the accounting system for the one product it sells: $45 per unit Sales price Fixed costs (for the month) Marketing and administrative Manufacturing overhead Variable costs (per unit) Marketing and administrative Direct materials Manufacturing overhead Direct labor Units produced and sold (for the month) Required: a. Calculate the product costs per unit Note: Round your answer to 2 decimal places. b. Calculate the period costs for the period. $ 23,100 $ 8,400 Exercise 2-55 (Static) Components of Full Costs (LO 2-6) a. Product costs per unit b. Period costs $2 $ 13 $3 $9 21,000
- A company manufacturing two products furnishers the following data for a year: Product Annual Total Total number Total Output (units) of purchase orders machine number of hours set ups A 750 1200 85 15 B 450 800 115 10 1200 2000 200 25 The annual overheads are as under: Volume related activity costs RO 55000 Set up related costs RO 120000 Purchase related costs RO 85000 Total RO 260000 You are required to calculate the cost per unit of each product A and B based on: a. Traditional method of charging overheads b. Activity based costing methodAngler Industries produces a product which goes through two operations, Assembly and Finishing, before it is ready to be shipped. Next year's expected costs and activities are shown below. Assembly 248,888 DLH Finishing 154,000 DLH 68,000 MH 448,800 MH $440,000 Direct labor hours Machine hours Overhead costs Assume that Angler Industries allocates overhead using a plantvide overhead rate based on machine hours. How much total overhead will be assigned to a product that requires 1 direct labor hour and 3.90 machine hours in the Assembly Department, and 4.00 direct labor hours and 0.6 machine hours in the Finishing Department? Multiple Chaises O O O $21.50 $17.60 $2.00. $18.10 $ 677,680 $13.20.Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. How many calendars must Paney sell next year to earn an operating income of $24,600? Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable overhead 0.90 Variable marketing expense 0.40 The fixed marketing expense totaled $13,000, and the fixed administrative expense totaled $35,000. The price per calendar is $10. What is the variable product expense per unit? a.$1.30 b.$3.60 c.$5.00 d.$4.60 e.$4.00