Examlex
The manager at Puppet and Doll Factory reported 50,000 units of direct materials in the processing division.All direct materials are placed in the processing at the beginning of the process and conversion costs occur evenly during the process.The managerial accountant uses the weighted-average costing method and their first goal was to have 10,000 left in processing and 20% converted to factory and labor overhead.
Required
a.Determine the total equivalent units in process and transferred out for direct materials and conversion costs,assuming there is no beginning inventory.
b.With the installation of a new sewing machine,the forecast for the end of the month was to have 2,000 left in process and 80 % converted as to labor and factory overhead.Compute the equivalent units in process and transferred out for direct materials and conversion costs,assuming there was no beginning inventory.
Q22: When do managers compute the budgeted indirect-cost
Q23: The general approach to activity-based costing systems
Q25: Which of the following is not a
Q37: In a _-_ _,any overallocation or underallocation
Q65: Performance evaluation focuses on responsibility centers for
Q76: Managers use equivalent units to compare work
Q79: Managers use job costing to cost multiple
Q95: The term used to describe the oversight
Q107: List the seven steps that managers in
Q121: Tia's Tea Manufacturing manufactures organic tea and