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If you provide the work for all the questions I will give full points within a hour. Thank you so much

Company uses the weighted average method in its process costing system. They use the traditional costing system in the allocation of its MOH. Total estimated MOH $400,000. Total estimated machine hours 100,000

Beginning WIP %u2013 600 mops, 60 % complete with respect to DM, 10 % complete with conversion

Costs in Beginning WIP %u2013 3712 (of this amount, 1,296 in DM)

Units Started in June %u2013 16,000 mops

Direct Products Costs Added During June %u2013 DM $47,076   DL $216,213

Ending WIP %u2013 300 mops, 60 % complete with respect to DM, 70% complete with respect with conversion

During June 77,876 actual machine hours were logged during production.

1.   What is cost to assemble one mop?

2. The cost of goods completed and transferred out of the assembly, department during June is?

3.   The conversion costs included in WIP Assembly, at the beginning is?

Company manufactures 2 types of sunglasses

Sport

Leisure

Unit Selling Price

$20

$35

CM Percentage

40 %

30 %

60% of the unit sales are Sport and annual fixed expenses are $45, 000. Assuming that the sales mix remains constant, the number of units of Sport that the company must sell to break even is

Unit Sales Projections are as follows:

Jan - 3500
Feb - 3800
Mar - 3300
April - 5000
May - 5000

Beginning finished goods inventory consisted of 750 units. The desired inventory of units at the end of each month should equal 25 % of the following months budgeted unit sales. Each unit requires 2 yards of fabric. The company wants to have 20% of the fabric required for the next month's expected production on hand at the end of each month. This inventory requirement was meet at the end of the previous year. Fabric costs $0.20 per yard. What is the expected dollar amount of raw material purchases for the first quarter of the upcoming year?

A company builds and designs custom walls. On August 1, 2 jobs were in process: Level 1 with a beginning balance of 12,000 and Level 2 with a beginning balance of 8,600. During August, Level 3 and Level 4 were started. Level 1 and 2 were sold at a cost plus 40% during August. All other jobs remained in process at month end. The company applies manufacturing overhead at a rate of $11 per DL hour. DL wages average $10 per hour. The following is also given:

1

2

3

4

DM

1200

8000

2100

3000

DL

1800

4800

360

1200

The sales staff is paid a 2 % commission on sales for the period. Actual MOH is 8,200.

1.       The amount of MOH applied to all jobs in process during August is

2.       The adjusted COGS reported on the Income Statement for August is

3.       The GP for August is

4.       The End WIP for August is

Sport

Leisure

Unit Selling Price

$20

$35

CM Percentage

40 %

30 %

Explanation / Answer

Facts Given:
BB 6,000 units, 25%, $3,000
Add 50,000 units, $25,090
T/O (44,000)
EB = 12,000 units, 75% = 9,000 EU

EU Produced:
T/O 44,000 + EB 9,000 = 53,000

Cost Summary:
BB 3,000 + 25,090 = 28,090

Cost per EU:
$28,090 / 53,000 = .53 per EU

Assigned Cost:
T/O 44,000 x .53 = 23,320
EB 9,000 x .53 = 4,770
Total 28,090

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