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s344n2d4d5 [400]
3 years ago
7

Hall Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department

for the most recent month are listed below:
Beginning work in process inventory:

Units in beginning work in process inventory 1,000
Materials costs $7,100
Conversion costs $6,400
Percent complete with respect to materials 65%
Percent complete with respect to conversion 30%
Units started into production during the month 13,600
Units transferred to the next department during the month 12,300
Materials costs added during the month $137,224
Conversion costs added during the month $215,050

Ending work in process inventory:
Units in ending work in process inventory 2,300
Percent complete with respect to materials 60%
Percent complete with respect to conversion 25%


The total cost transferred from the first processing department to the next processing department during the month is closest to:______

a. $356,256
b. $380,435
c. $341,325
d. $349,856
Business
1 answer:
timurjin [86]3 years ago
5 0

Answer:

c. $341,325

Explanation:

<em>First determine the Equivalent Units of Production</em>

<u>Materials</u>

Units completed and transferred (12,300 × 100%)              = 12,300

Units in Ending Work In Process Inventory ( 2,300 ×60%) =   1,380

Equivalent Units of Production                                             = 13,680

<u>Conversion</u>

Units completed and transferred (12,300 × 100%)              = 12,300

Units in Ending Work In Process Inventory ( 2,300 ×25%) =      575

Equivalent Units of Production                                             = 12,875

<em>Next Determine the Total Cost Incurred during the period</em>

<u>Materials</u>

Cost in Units of Opening Work In Process     =      $7,100

Incurred during the period                               = $137,224

Total Cost                                                          = $144,324

<u>Conversion</u>

Cost in Units of Opening Work In Process     =     $6,400

Incurred during the period                               = $215,050

Total Cost                                                          = $221,450

<em>Then Determine the Total Cost per Equivalent unit of Production</em>

Cost per Equivalent unit = Total Cost / Total Equivalent Units

Materials = $144,324 / 13,680

               = $10.54

Conversion = $221,450 / 12,875

                   = $17.20

Total = $10.54 + $17.20 = $27.74

<em>Finally calculate total cost transferred from the first processing department to the next processing department</em>

<em>total cost transferred  = Units transferred × Total cost per equivalent unit of production.</em>

                                     = 12,300 × $27.74

                                     = $341,202

Conclusion :

The total cost transferred from the first processing department to the next processing department during the month is closest to $341,325

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If the company produces an additional 11th air conditioners, the daily costs would reach $1750.

A cost is the worth of money that has been expended to produce something or provide a service and is therefore no longer available for use in production, research, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.

A total of $1500 per day is spent producing 10 air conditioners.

$250 is the daily cost of creating an extra air conditioner.

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1 year ago
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Answer:

operating cash flow = $21307.5

Explanation:

given data

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solution

we get here operating cash flow for that

EBIT  = Sales - Costs - Depreciation   .............1

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6 0
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Answer:

b) $1,900

Explanation:

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The other items are related to the expenses which are shown in the income statement and current assets which are shown on the balance sheet

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Answer:

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he results for the variable gender show that ______. Multiple Choice gender and months of service are correlated females average
marusya05 [52]

Answer:

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7 0
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