This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Verer Custom Carpentry manufactures chairs in its Processing Department. Direct materials are ... (Read 50 times)

jjjetplane

  • Hero Member
  • *****
  • Posts: 556
on: Mar 6, 2021
Verer Custom Carpentry manufactures chairs in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to undetectable material defects. Spoiled units generally constitute 4% of the good units. Data provided for March 2017 are as follows:

WIP, beginning inventory 3/1/201732,700 units
 Direct materials (100% complete)
 Conversion costs (80% complete)

Started during March70,000 units
Completed and transferred out80,200 units
WIP, ending inventory 3/31/201718,600 units
 Direct materials (100% complete)
 Conversion costs (70% complete)

Costs:
 WIP, beginning inventory:
Direct materials$70,000
Conversion costs40,400
Direct materials added106,000
Conversion costs added128,160

What costs would be associated with normal and abnormal spoilage, respectively, using the FIFO method of process costing? (Round any cost per unit calculations to the nearest cent.)
◦ $149,611; $5290
◦ $1250; $4858
◦ $4858; $2297
◦ $10,651; $2297
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jjjetplane on Mar 6, 2021

duy1981999

  • Sr. Member
  • ****
  • Posts: 341
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 36% of students answer this correctly


jjjetplane

  • Member
  • Posts: 556
Reply 2 on: Mar 6, 2021
Wow, this really help

laurnthompson

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Stacking the joints. A. Correct thumb–wrist alignment for applying direct pressure. B. Incorrect ... Stacking the joints. A. Correct thumb–wrist alignment for applying direct pressure. B. Incorrect ...
Schematic pathway of oligosaccharide processing on newly synthesized glycoproteins Schematic pathway of oligosaccharide processing on newly synthesized glycoproteins
Sensory and Motor Processing Sensory and Motor Processing
Processing, sorting, and transport of proteins synthesized in a human cell Processing, sorting, and transport of proteins synthesized in a human cell
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
Direct Development vs. Incomplete Metamorphosis Direct Development vs. Incomplete Metamorphosis
Video: Immune responses Animation

For a complete list of videos, visit our video library