Costs incurred: Materials Direct Labor Dverhead Total Vaterials are added at: Process 1 Process 2 Process 3 33,750 30 200 24,160 88,110 50% at beginning, 50% 40% at beginning, 30% at at 60% complete 30,000 22,725 18,180 70,905 27,729 24,648 19,718 72,095 100% at the beginning 50% complete, and remaining 30% at 80% complete. Started/Transferred In 15,200 units 1,000 units 50% complete. 500 units 70% complete. 250 units 40% complete, 250 15,000 units 5,700 units Cost: Materials P2,250; Labor Cost tom preceding P1,000, OH P800. units 70% complete. Cost tom preceding pepartment P5,275, Materials P 495; Labor P440, OH P 352. 15,400 Units In process, beginning department P2,925, Materials P1,000; Labor P 525, OH P 420. 15,300 Units Completed 15,200 units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete

Costs incurred: Materials Direct Labor Dverhead Total Vaterials are added at: Process 1 Process 2 Process 3 33,750 30 200 24,160 88,110 50% at beginning, 50% 40% at beginning, 30% at at 60% complete 30,000 22,725 18,180 70,905 27,729 24,648 19,718 72,095 100% at the beginning 50% complete, and remaining 30% at 80% complete. Started/Transferred In 15,200 units 1,000 units 50% complete. 500 units 70% complete. 250 units 40% complete, 250 15,000 units 5,700 units Cost: Materials P2,250; Labor Cost tom preceding P1,000, OH P800. units 70% complete. Cost tom preceding pepartment P5,275, Materials P 495; Labor P440, OH P 352. 15,400 Units In process, beginning department P2,925, Materials P1,000; Labor P 525, OH P 420. 15,300 Units Completed 15,200 units In Process, end 800 units 50% complete 400 units 50% complete 400 units at 70% complete

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 6CE: Refer to Cornerstone Exercise 7.3 and solve for the allocated costs to Fabricating and Assembly...

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