Question and answer
Bell Computers, LTD., located in Liverpool, England, assembles a standardized personal computer from parts it purchases from various suppliers. The production process consists of several steps,
starting with assembly of the “mother” circuit board, which contains the central processing unit. This assembly takes place in the CPU Assembly Department. The company recently hired a new accountant who prepared the following partial production report for the department for January using the weighted-average method: Quantity Schedule: Units to be accounted for: Work in process, January 01 10,000 (Materials 90% complete; Conversion 80% complete) Started into production 58,000 Total units 68,000 Units accounted for as follows: Completed and transferred out 60,000 Work in Process, January 31 8,000 (Materials 75% complete; Conversion 50% complete) Total units 68,000 Total Cost: Cost to be accounted for: Work in Process, January 01 £ 26,800 Cost added in the department 175,600 Total cost £ 202,400 Cost Reconciliation: Cost accounted for as follows: Completed and transferred out £ 186,000 Work in Process, January 31 16,400 Total cost £ 202,400 The company’s management would like some additional information about January’s operation in the CPU Assembly Department. (The currency in England is the pound, which is denoted by the symbol “£”.) Required: 1. How many units were stared and completed during January? 2. What were the equivalent units for January for material and conversion costs? 3. What were the costs per equivalent unit for January? The following additional data are available concerning the department’s cost: Particular Total £ Material £ Conversion £ Work in Process, January 01 26,800 18,000 8,800 Cost added during January 175,600 114,000 61,600 4. Verify the accountant’s ending work in process inventory figure (£16,400) given in the report. 5. What criticism can be made of the unit costs that have been computed using weighted –Average Method by the company and which method is superior for computing unit cost under process costing based on your criticism?
You might want to look here for some information :
Expert answered|sls23|Points 327|
Question
Asked 1/15/2010 9:22:34 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
17,359,171 questions answered
Popular Conversations
a line has a slope of -3/5
Weegy: The slope of the line between the points (-3, 5) and (5, 1) is -1/2. Solution: m = y2-y1/x2-x1; m = (1 - ...
9/14/2014 11:26:31 AM| 2 Answers
what opens the insert dialog box in excel
9/14/2014 2:36:49 PM| 2 Answers
Prior to Muhammad’s teachings, Arabs were polytheistic.
Weegy: TRUE. Prior to Muhammad s teachings, Arabs were polytheistic. User: One Thousand and One Nights is a famous ...
9/14/2014 3:41:04 PM| 2 Answers
The National Response Framework (NRF) presents the guiding principles ...
Weegy: Provide the structure and mechanisms to ensure effective Federal support of State, tribal, and local related ...
9/14/2014 6:18:29 PM| 2 Answers
Who is the individual responsible for all incident activities, ...
Weegy: The Incident Commander is the individual responsible for all incident activities, including the development of ...
9/14/2014 6:42:56 PM| 2 Answers
What is the slope of the line whose equation is 12 = 4x – 6y? ...
Weegy: Points A and B lie on the graph of the equation y = 7x. The y-coordinates for each point is: Point A: (-2, -14) ...
9/14/2014 10:52:00 PM| 2 Answers
what is Land Ordinance of 1785?
Weegy: An advantage of the Land Ordinance of 1785 because it provided a systematic division of the land survived at a ...
9/14/2014 11:22:56 PM| 2 Answers
5x-13=3x+15
Weegy: 3x + 17 = 5x - 13; 17 + 13 = 5x - 3x; 30 = 2x; x = 30/2; x = 15 User: 142+8x-1
9/14/2014 11:41:07 PM| 2 Answers
HELLO WEGGY
Weegy: Yes? May i help you? "Weegy is an online artificial being, powered by an advanced search engine and live ...
9/14/2014 12:49:55 AM| 1 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
P
C
L
Points 1580 [Total 25979]| Ratings 4| Comments 1540| Invitations 0|Offline
S
L
1
L
P
C
1
Points 1543 [Total 8074]| Ratings 8| Comments 1463| Invitations 0|Online
S
L
1
1
1
1
L
1
L
Points 1109 [Total 10889]| Ratings 0| Comments 1109| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1006 [Total 18178]| Ratings 2| Comments 986| Invitations 0|Offline
S
L
C
P
C
1
L
L
P
C
1
Points 974 [Total 16913]| Ratings 8| Comments 894| Invitations 0|Online
S
1
L
1
L
P
P
L
Points 394 [Total 11640]| Ratings 0| Comments 394| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 351 [Total 18882]| Ratings 0| Comments 351| Invitations 0|Online
S
1
L
L
Points 342 [Total 5466]| Ratings 4| Comments 302| Invitations 0|Offline
S
L
Points 340 [Total 1010]| Ratings 0| Comments 340| Invitations 0|Offline
S
P
C
L
P
L
1
Points 45 [Total 6102]| Ratings 1| Comments 35| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.