Cara,Incmanufactures a Product That Passes Through Two Processes: Mixing and Packaging.All

question 70

Essay

Cara,Inc.manufactures a product that passes through two processes: mixing and packaging.All manufacturing costs are added uniformly in the mixing department.
Information for the mixing department for April follows:
During April,90,000 units were completed and transferred to packaging.
The following costs were incurred by the mixing department during April:
Work in process, April 1
$\begin{array}{lr}\text { Units }(60 \% \text { complete) } & 5,000 \\\text { Direct materials } & \$ 40,000 \\\text { Direct labour } & \$ 50,000 \\\text { Overhead } & \$ 5,000\end{array}$ At April 30,15,000 units that were 20% complete remained in the mixing department.
Use the weighted average method and round unit costs to two decimal places.
Required:
$\begin{array}{lr}\text { Direct materials } & \$ 280,000 \\\text { Direct labour } & 190,000 \\\text { Overhead } & 75,000\end{array}$ A. Determine equivalent units of production for April.
B. Determine April's total costs to account for.
C. Determine total cost per equivalent unit of production.
D. Determine the cost of goods transferred to the packaging department.
E. Determine the cost of April's ending work in process for the mixing department.

Understand the relationship between fiscal policy actions (e.g., tax cuts, government spending) and their intended and unintended economic outcomes.

Distinguish between nondiscretionary and discretionary fiscal policy and their respective roles in economic management.

Comprehend the significance of correctly balancing the federal budget and its implications for the national debt.

Understand the relationship between fiscal policy decisions (expenditures and tax policies) and their impacts on recessionary or inflationary gaps.

---

Definitions:

Hardware Store

A retail store specializing in the sale of tools, building materials, and home improvement products.

Music Store

A retail business specializing in the sale of musical instruments, sheet music, recordings, and related accessories.

Specific Identification

An accounting method used to track and assign costs to individual pieces of inventory, useful for unique or high-value items.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold before accounting for other expenses.