Kramer Corp

question 85

Essay

Kramer Corp.began the current period with 4,000 units in process that were 100% complete as to materials and 60% complete as to conversion.Costs of $7,500 in direct materials and $4,700 in conversion costs were incurred in manufacturing those units in the previous period.Kramer ended the current period with 20,000 units completed and 5,000 units still in process.Work in process was 100% complete as to materials and 70% complete as to conversion costs.Kramer incurred $67,500 in direct materials costs,$7,000 in direct labor costs,and $40,000 in manufacturing overhead costs during the period.
Required:
Using the weighted average method,compute the following:
a.Equivalent units of production for materials.
b.Equivalent units of production for conversion.
c.Cost per equivalent unit for materials.
d.Cost per equivalent unit for conversion.

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Definitions:

Hierarchy Of Needs

In Maslow’s theory, the order in which human needs demand attention.

External "Press"

Environmental factors or social pressures that influence an individual's behavior or choices.

Trait Approach

A perspective in psychology that focuses on identifying and measuring individual personality characteristics that are thought to be relatively stable over time.

Personality Category

A classification within a theoretical framework for grouping individuals based on shared psychological traits or characteristics.