05 X05 Standard Costing & Variance Analysis [134wry79d8n7] 20,000 units of the product were manufactured in a period during which 19,700 units were sold. The standard quantity of material allowed per unit. Units: units, beginning work in process 40,000 (20% complete for materials, 60% complete for conversion) . PRACTICAL ACCOUNTING 2: PROCESS COSTING - Blogger During the month, 21,120 yards of material were purchased at a cost of $70,752, all of which were used during the month. Direct material 40% complete. At the end of June, there were 5,000 units in ending work in process that were 40% comp lete. Explain and Compute Equivalent Units and Total Cost of Production in an ... A product's standard cost card specifies that a unit of the product requires 4 direct labor-hours. Prepare a . The annual master budget includes indirect labor of P144,000 annually. An additional 53,000 units were started into production during the month and 45,000 units were completed in the Welding Department and transferred to the next processing department. For material B, the actual inventory units at September 1 were 22,000 units and budgeted inventory units at September 30 are 24,000. PROCESS COSTING(QUIZ).docx - 1. The following information... PDF Standard Costs and Variance Analysis ER - Harper College The beginning work in process had materials cost of. W ork in process, September 30 (80% complete as to conversion) 7,700. . The expected balance in retained earnings on the 2018 budgeted balance sheet is: a. "Alder Inc: produced and sold 2,000 units of one product during the year: The company's net income was $40,000,its fixed cost per unit was $60,and the variable cost ratio was .25. (i) The units to be sold in different months are: July: 2,200; August: 2,200; September: 3,400; October: 3,800 The beginning work in process inventory in a particular department consisted of 6,000 units, two-thirds complete with respect to conversion costs. Suppose the company had a favourable usage variance of $25,000 for September. None - Term Paper PDF COST & MANAGEMENT ACCOUNTING CA PURUSHOTTAM SIR - CA Study
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