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Author Question: Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses ... (Read 68 times)

Mr. Wonderful

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on: Mar 6, 2021
Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.

Data for the Assembly Department for May 2017 are:
Work in process, beginning inventory:76 units
 Direct materials (100% complete)
 Conversion costs (35% complete)

Units started during May60 units
Work in process, ending inventory:10 units
 Direct materials (100% complete)
 Conversion costs (55% complete)

Costs for May:
 Standard costs for Assembly:
Direct materials$12,500 per unit
Conversion costs$34,500 per unit

 Work in process, beginning inventory:
Direct materials$28,450
Conversion costs$521,500

Which of the following journal entries records the total conversion costs variances of the Assembly Department, assuming that conversion costs are 15% higher than expected?
◦
Work in Process - Assembly4,161,908
Conversion-Cost Variances542,858
Assembly Department Conversion Cost Control3,619,050

◦
Assembly Department Conversion Costs Allocated4,161,908
Direct Materials Variances542,858
Finishing Department Conversion Cost Control3,619,050

◦
Assembly Department Conversion Costs Allocated3,619,050
Conversion-Cost Variances542,858
Assembly Department Conversion Cost Control 4,161,908 

◦
Work in Process - Assembly542,858
Assembly Department Conversion Cost Control542,858
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by Mr. Wonderful on Mar 6, 2021

stano32

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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.
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Mr. Wonderful

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Reply 2 on: Mar 6, 2021
Excellent

mohan

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Reply 3 on: Yesterday
:D TYSM

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