Urban Company Manufactures a Product Through a Continuous Single-Step Process

question 30

Essay

Urban Company manufactures a product through a continuous single-step process. All materials are added at the beginning of processing. Production and cost data for the company for February 2011 are as follows: Production data:
$\begin{array}{ll}\text { In process, beginning of month ( } 20 \% \text { converted) } & 1,000 \text { units } \\\text { Started during February } & 5,000 \text { units } \\\text { Completed and trans ferred to finished goods } & 4,500 \text { units } \\\text { In process, end of month ( } 60 \% \text { converted) } & 1,500 \text { units }\end{array}$
Manufacturing costs:
$\begin{array}{lr}\text { Work in progress, beginning } & £ 14,730 \\\text { Materials } & £ 45,000 \\\text { Direct labour cost } & £ 102,960 \\\text { Factory overhead cost } & £ 51,480\end{array}$

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Definitions:

Cyclothymic Disorder

A mood disorder characterized by chronic, fluctuating mood disturbances involving numerous periods of hypomanic symptoms and periods of depressive symptoms.

Hypomanic Episode

A period of abnormally elevated, expansive, or irritable mood and increased activity or energy that is less severe than a manic episode.

Pediatric Bipolar Disorder

A mental health condition affecting children and adolescents, characterized by extreme mood swings that include emotional highs (mania or hypomania) and lows (depression).

Mixed States

A psychiatric condition characterized by simultaneous symptoms of both mania and depression, often observed in bipolar disorder.