This topic contains a solution. Click here to go to the answer

Author Question: Use the information below to answer the following questions:A pizza company produces frozen pizzas ... (Read 644 times)

audragclark

  • Hero Member
  • *****
  • Posts: 579
Use the information below to answer the following questions:

A pizza company produces frozen pizzas in three departments:  assembly, freezing and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly. Data for the assembly department includes:

Beginning WIP inventory0 units
Units started22,000 units
Units completed/transferred to freezing19,800 units
Ending WIP (70% through assembly)2,200 units
Crust ingredients added $31,000
Cheese added $16,000
Sauce and toppings added $8,000
Direct labour $22,216
Manufacturing overhead $5,486


At the pizza company the cost per equivalent unit for conversion costs would be closest to
◦ $1.08.
◦ $1.04.
◦ $1.30.
◦ $1.41.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ssal

  • Hero Member
  • *****
  • Posts: 572
Use the information below to answer the following questions:

A pizza company produces frozen pizzas in three departments:  assembly, freezing and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly. Data for the assembly department includes:

Beginning WIP inventory0 units
Units started22,000 units
Units completed/transferred to freezing19,800 units
Ending WIP (70% through assembly)2,200 units
Crust ingredients added $31,000
Cheese added $16,000
Sauce and toppings added $8,000
Direct labour $22,216
Manufacturing overhead $5,486


At the pizza company the total costs to account for is
◦ $82,702.
◦ $22,126.
◦ $55,000.
◦ $27,702.




DyllonKazuo

  • Hero Member
  • *****
  • Posts: 565
Use the information below to answer the following questions:

A pizza company produces frozen pizzas in three departments:  assembly, freezing and packaging.  In assembly, crust ingredients are added at the beginning of the process.  After the crust is made, the sauce, cheese, and toppings are added at the end of the process.  Conversion costs are added evenly. Data for the assembly department includes:

Beginning WIP inventory0 units
Units started22,000 units
Units completed/transferred to freezing19,800 units
Ending WIP (70% through assembly)2,200 units
Crust ingredients added $31,000
Cheese added $16,000
Sauce and toppings added $8,000
Direct labour $22,216
Manufacturing overhead $5,486


At the pizza company the total cost of ending WIP is
◦ $5,500.
◦ $7,702.
◦ $5,104.
◦ $5,600.




 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

For a complete list of videos, visit our video library