Apco company manufactures various lines of bicycles. because of the high volume of each line, the company employs a process cost system using the weighted-average method to determine unit costs. bicycle parts are manufactured in the molding department and then are consolidated into a single bike unit in the molding department and transferred to the assembly department where they are partially assembled. after assembly, the bicycle is sent to the packing department. cost per unit data for the 20-inch dirt bike have been completed through the molding department. annual cost and production figures for the assembly department are presented in the schedules that follow. assembly department cost data transferred in assembly total cost of from molding assembly conversion dirt bike through department materials cost assembly prior period costs $68,680 $6,058 $9,389 $84,127 current period costs $1,064,490 $90,993 $192,429 $1,347,912 total costs $1,133,170 $97,051 $201,818 $1,432,039 assembly department production data percentage complete assembly bicycles transferred-in materials conversion beginning inventory 2,400 100% 100% 67% transferred in from molding during year 36,500 100% transferred out to packing during year 30,000 100% 100% 100% ending inventory 3,700 100% 42% 64% defective bicycles are identified at the inspection point when the assembly labor process is 75 percent complete; all assembly materials have been added at this point. the normal rejection for defective bicycles is 4 percent of the bicycles reaching the inspection point. any defective bicycles above the 4 percent quota are considered to be abnormal. all defective bikes are removed from the production process and destroyed. required: 1. compute the number of defective, or spoiled, bikes that are considered to be: a. normal b. abnormal2. compute the equivalent units of production for the year for: a. bicycles transferred in from the molding department b. bicycles produced, with regard to assembly material. c. bicycles produced, with regard to assembly conversion.3. compute the cost per equivalent unit for the fully assembled dirt bike.4. compute the amount of the total production cost of $1,432,039 that will be associated with the following items: a. normal spoiled units. b. abnormal spoiled units. c. good units completed in the assembly department. d. ending wip inventory in the assembly department.
Answers: 3
Other questions on the subject: Business
Business, 21.06.2019 21:00, cam6836
Case in point 2.4 attaway airlines, part two back at attaway airlines, the morning meeting ended with no agreement between dan esposito and molly kinnon. in fact, a new issue arose. molly now says that the new accounting system is entitled to the highest priority because the federal government soon will require the reporting of certain types of company-paid health insurance premiums. because the current system will not handle this report, she insists that the entire accounting system is a nondiscretionary project. as you might expect, dan is upset. can part of a project be nondiscretionary? what issues need to be discussed? the committee meets again tomorrow, and the members will look to you, as the it director, for guidance.
Answers: 1
Business, 22.06.2019 00:50, yolo123321
Cool beans is a locally owned coffee shop that competes with two large coffee chains, planeteuro and frothies. alicia, the owner, hired two students to count the number of customers that entered each of the coffee shops to estimate what percent of people who are interested in coffee are visiting each shop. after a week, the students found the following results: 589 visited cool beans, 839 visited planeteuro, and 1,290 visited frothies. the students were surprised that cool beans had 139 visits on monday which represented 59% of all people who visited one of the three coffee shops on mondays. how many people visited one of the three coffee shops during the week?
Answers: 2
Business, 22.06.2019 04:30, mt137896
Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)
Answers: 1
Business, 22.06.2019 06:00, kyeilahj
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
Do you know the correct answer?
Apco company manufactures various lines of bicycles. because of the high volume of each line, the co...
Questions in other subjects:
English, 04.08.2019 14:00
Physics, 04.08.2019 14:00
Physics, 04.08.2019 14:00
