Business, 15.07.2020 01:01 si1baalmasri

Pauline's Pecan Pies collected the following production information relating to November's baking operations: Physical Unit Direct Material Conversion Cost
Beginning work in process. 209,000
Ending work in process 159,000 65% 80%
Units started during the month 10.25000

Requirements:
Complete the first two steps in the process costing procedure:
a. Summarize the flow of physical units.
b. Compute output in terms of equivalent units.

Answers: 2

Show answers

Answers

Answer from: catuchaljean1623

Pecan Pies

Pauline

a. Summary of the flow of physical units:

Beginning Work in process = 209,000

Started during month = 1,025,000

less ending work in process 159,000

Units completed in month = 1,075,000

b. Computation of output in terms of equivalent units:

Units completed:

Physical Direct Conversion

Unit Material Cost

Determination of equivalent units:

less ending work in process 159,000 103,350 (65%) 127,200 (80%)

Units produced 1,075,000 1,075,000 (100%) 1,075,000 (100%)

Explanation:

Data:

Physical Direct Conversion

Unit Material Cost

Beginning work in process 209,000

Ending work in process 159,000 65% 80%

Units started during the month 1,025,000

Total units in production 1,234,000 103,350 127,200

Determination of equivalent units:

less ending work in process 159,000 103,350 127,200

Units produced 1,075,000 1,075,000 1,075,000

a) The equivalent unit is the product of the class of unit in production multiplied by the percentage of completion. This forms the basis for allocating cost between a product's costs and the ending work in process. Calculating the equivalent units helps to determine accurate costs of units completed.

Answer from: Quest

business modeling is correct

Answer from: Quest

press the paper clip and attach a file!

Another question on Business

Business, 21.06.2019 15:30

Historically, 12 percent of a mail-order firm's repeat charge-account customers have an incorrect current address in the firm's computer database. the number of customers out of 19 who have an incorrect address in the database is a binomial random variable with n = 19 and 2formula36.mml = 0.12.

Answers: 2

Answer

Business, 21.06.2019 20:30

He management's discussion and analysis (md& a) required in general purpose federal financial reporting is different than that required by gasb of state and local governments in that: a. it includes information about the agency's performance goals and results in addition to financial activities. b. it is outside the general purpose federal financial report and is optional, not required. c. it is a part of the basic financial statements and, as a result, it is audited along with the financial statements. d. there are no significant differences.

Answers: 2

Answer

Business, 22.06.2019 03:30

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Answers: 3

Answer

Business, 22.06.2019 15:30

On january 15, the end of the first biweekly pay period of the year, north company’s payroll register showed that its employees earned $32,000 of sales salaries. withholdings from the employees’ salaries include fica social security taxes at the rate of 6.2%, fica medicare taxes at the rate of 1.45%, $3,000 of federal income taxes, $772 of medical insurance deductions, and $260 of union dues. no employee earned > $7,000 in this first period. prepare the journal entry to record north company’s january 15 (employee) payroll expenses and liabilities.

Answers: 3

Answer

You know the right answer?

Pauline's Pecan Pies collected the following production information relating to November's baking op...

Questions