Required: 1. How many units were transferred from the Packaging Department to the Finished Goods Department during the month? 2. What were the equivalent units of production for direct materials and conversion costs for the month of January? 3. Compute the total costs incurred in January for (a) materials and (b) conversion. 4. Compute (a) the cost of WIP Inventory as of 31 January 2016 and (b) the cost of units completed and transferred out during the month. 5. What is the cost of goods sold by taking the unit cost data from the answers to requirement 3 above? 6. Assuming conversion cost consists 40% of labour costs and that manufacturing overhead cost is 60% fixed cost, calculate how many units ABC Company must sell to breakeven during January. Show all necessary formula and computations
top of page
Search
Recent Posts
See All1. Estimate the costs for the four tires using an activity-based approach. (Hint: You will need to consider how the new information...
870
Background: Clinton and Jennifer Andrews live in Sydney with their two school-age children. They bought their home 15 years ago. With the...
180
Budget profit statement for sales and overheads and information for the preparation of a cash budget
Task 1: INDIVIDUAL ACTIVITY Included in the file are: a summary budget profit statement for sales and overheads and information for the...
180
bottom of page
Comments