This document contains a case study about the Blending Department of ABC Company. It provides cost and production data for the month of April, including beginning and ending work-in-process inventory levels and costs, units started and completed, and costs incurred. The tasks are to prepare a production cost report using the weighted average and FIFO costing methods.
This document contains a case study about the Blending Department of ABC Company. It provides cost and production data for the month of April, including beginning and ending work-in-process inventory levels and costs, units started and completed, and costs incurred. The tasks are to prepare a production cost report using the weighted average and FIFO costing methods.
This document contains a case study about the Blending Department of ABC Company. It provides cost and production data for the month of April, including beginning and ending work-in-process inventory levels and costs, units started and completed, and costs incurred. The tasks are to prepare a production cost report using the weighted average and FIFO costing methods.
This document contains a case study about the Blending Department of ABC Company. It provides cost and production data for the month of April, including beginning and ending work-in-process inventory levels and costs, units started and completed, and costs incurred. The tasks are to prepare a production cost report using the weighted average and FIFO costing methods.
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NIM Kelas Finance 2B PILIHAN GANDA (5 POIN X 3 PERTANYAAN) Questions Answer Which one is the incorrect steps? 1. b. A traditional costing system assigns overhead a. Physical unit flow. 2. by means appointments a. Taking of multiple overhead rates. 3. b. Ordering supplies processes have become c. As manufacturing c. Legal research ISIAN (2 POIN X 5 PERTANYAAN) Questions ABC Company manufactures 4 lines of horseriding tools. As a result of an activity analysis, the accounting departm Each of the product lines is produced in large batches, with the whole factory devoted to one product at a time. Instructions Classify each of the following activities or costs as either unit-level, batch level, product level, or facility level.
Answer Activities Activities Level a. Machining parts -level b. Product design -level c. Assembling parts -level d. Purchasing raw materials -level e. Factory maintenance -level vity analysis, the accounting department has identified 5 activity cost pools. devoted to one product at a time.
, product level, or facility level.
ESAI (35 POIN) Questions The Blending Department of ABC Company has the following cost and production data for the month of April. Blending Department Physical Unit Work in process, April 1 120000 Direct Materials: 100% complete Conversion costs: 70% complete Units started into production during April 890000 Unit completed and transferred out to next depa 650000 Work in process, April 30 360000 Direct Materials: 100% complete Conversion costs: 60% complete Costs Work in process, April 1 Direct Materials: 100% complete $73,000 Conversion costs: 70% complete $38,500 Cost of work in process, April 1 $111,500 Costs incurred during production in April Direct materials $375,000 Conversion costs $188,000 Costs incurred in April $563,000 Instructions Prepare a production cost report using weighted average method!
Answer Blending Department Production Cost Report For the Month Ended April 30,2023 Equivalent Units Conversion Physical Units Materials Costs Quantities Units to be accounted for Work in process, April 1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in Process, April 30 Total Units accounted for 1010000 Costs Conversion Unit Costs Materials Costs Costs in April Equivalent units Unit costs Cost Reconciliation Schedule Costs to be accounted for Work in process, April 1 Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process, April 30 Materials $159,683 Conversion Costs Total costs accounted for ata for the month of April. Total $674,500 ESAI (40 POIN) Questions The Blending Department of ABC Company has the following cost and production data for the month of April. Blending Department Physical Unit Work in process, April 1 $120,000 Direct Materials: 100% complete Conversion costs: 70% complete Units started into production during April $890,000 Unit completed and transferred out to next depa $650,000 Work in process, April 30 $360,000 Direct Materials: 100% complete Conversion costs: 60% complete Costs Work in process, April 1 Direct Materials: 100% complete $73,000 Conversion costs: 70% complete $38,500 Cost of work in process, April 1 $111,500 Costs incurred during production in April Direct materials $375,000 Conversion costs $188,000 Costs incurred in April $563,000 Instructions Prepare a production cost report using FIFO method! (unit costs round to 3 decimal)
Answer Blending Department Production Cost Report For the Month Ended April 30,2023 Equivalent Units Conversion Physical Units Materials Costs Quantities Units to be accounted for Work in process, April 1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in Process, April 1 Started and completed Work in Process, April 30 Total Units accounted for Costs
Conversion Unit Costs Materials Costs Costs in April (excluding beg. WIP) Equivalent units 890000 Unit costs 0.24 Cost Reconciliation Schedule Costs to be accounted for Work in process, April 1 Started into production Total costs to be accounted for Costs accounted for Completed and transferred out Work in process, April 1 Costs to complete beg. WIP Conversion costs $8,655 Units started and completed* Total costs completed and transferred out Work in process, April 30 Materials Conversion Costs Total costs accounted for *Reminder! Selalu adjust bagian units started and completed ketika hasil total costs to be accounted for (tidak balance dikarenakan faktor desimal pada unit cost). ata for the month of April. Total
$350,731
counted for dan total costs accounted for tidak balance.
