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V125BC [204]
3 years ago
6

Kimbeth Manufacturing uses process costing to control costs in the manufacture of Dust Sensors for the mining industry. The foll

owing information pertains to operations for November. Units Work in process, November 1st 22,400 Started in production during November 140,000 Work in process, November 30th 33,600 The beginning inventory was 60% complete as to materials and 20% complete as to conversion costs. The ending inventory was 90% complete as to materials and 40% complete as to conversion costs. Costs pertaining to November are as follows: Beginning inventory: direct materials, $71,160; direct labor, $26,610; manufacturing overhead, $20,110. Costs incurred during the month: direct materials, $618,800; direct labor, $241,330; manufacturing overhead, $513,600. What is the equivalent unit cost for materials assuming Kimbeth uses first-in, first-out (FIFO) process costing? $6.46 per unit. $4.34 per unit. $4.25 per unit. $4.28 per unit.
Business
1 answer:
larisa86 [58]3 years ago
7 0

Answer:

DM Cost per Equivalent unit: 4.25

Explanation:

22400 beginning  60% materials 20% conversion

140,000 started

33600 ending 90% materials 40% conversion

Beginning Inventory

DM 71,160

DL 26,610

MO 20,110

Conversion Cost  46,720

Cost during the month

DM 618,800

DL 241,330

MO 513,600

Conversion Cost 754,930

Equivalent units Materials

22,400 * .4     8,960

140,000       140,000

33,600 * .1    (3,360)

                  145,600

DM Cost per Equivalent unit: 4.25

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<h3>What is the weighted-average contribution margin?</h3>

The weighted-average contribution margin shows the average amount that a group of products or services contribute to meet the fixed costs.

The weighted-average contribution margin can be computed as Aggregate sales - Aggregate variable expenses) ÷ Number of units sold.

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Thus, the calculation of a revised break-even point in units for the firm as a whole, using the weighted-average contribution margin approach is 1,155,556 units.

Learn more about break-even analysis at brainly.com/question/21137380

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