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
Ask a question
Not a good answer? Get an answer now. (FREE)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Home | Contact | Terms | Privacy | Social | ©2013 Purple Inc.
Ad
Popular Conversations
which life stage does nutritional issue might cause the most problems ...
Weegy: Malnutrition is a common problem in cancer patients that has been relief from nutrition impact symptoms and ...
4/19/2014 1:18:55 AM| 5 Answers
Pax Romana lasted from the reign of
Weegy: Pax Romana lasted from the reign of: Marcus Aurelius.
4/19/2014 4:45:15 PM| 3 Answers
Energy from sunlight is harmful to our skin.
4/19/2014 4:02:26 AM| 2 Answers
Helen's sign for her mother was touching her hand to her
Weegy: forehead User: The students at Perkins Institute sent Helen a(n): Weegy: The students at Perkins Institute ...
4/19/2014 7:05:08 AM| 2 Answers
(3+ (6)) (6+ 5)=
Weegy: (3+6)(6+5) 9 + 11 = 20
4/19/2014 8:54:53 AM| 2 Answers
As temperature increases, the speed of ...
Weegy: No, it decreases because when temperature is low water is present in atmosphere which let sound to go fast
4/19/2014 1:04:54 PM| 2 Answers
Read the argument below and answer the question that follows. All ...
Weegy: The answer would be D. Premise: All football players are required to attend weekly strengthening workshops. ...
4/19/2014 5:11:29 PM| 2 Answers
a common time killer
Weegy: Kill: To put to death. b. To deprive of life User: what does gas means Weegy: Methane.
4/19/2014 9:00:16 PM| 2 Answers
A line that passes through the point ( 1, 3) has a slope of 2. Find ...
Weegy: A.(0,1/2)
4/19/2014 12:25:56 AM| 1 Answers
Weegy Stuff
S
L
P
C
L
P
C
Points 1541 [Total 6928]| Ratings 0| Comments 1541| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
Points 1453 [Total 9334]| Ratings 0| Comments 1453| Invitations 0|Offline
S
1
L
1
L
P
Points 480 [Total 7157]| Ratings 1| Comments 470| Invitations 0|Online
S
L
Points 397 [Total 2844]| Ratings 2| Comments 367| Invitations 1|Offline
S
R
Points 170 [Total 282]| Ratings 5| Comments 100| Invitations 2|Offline
S
Points 160 [Total 576]| Ratings 0| Comments 160| Invitations 0|Offline
S
1
Points 153 [Total 483]| Ratings 3| Comments 123| Invitations 0|Offline
S
Points 147 [Total 147]| Ratings 6| Comments 67| Invitations 2|Offline
S
Points 133 [Total 777]| Ratings 1| Comments 123| Invitations 0|Offline
S
L
1
1
1
Points 119 [Total 3385]| Ratings 6| Comments 59| Invitations 0|Offline