The writer is very fast, professional and responded to the review request fast also. Thank you.
Book/movie review
22/08/2022
Equivalent units and related costs; cost of production report
Dover Chemical Company manufactures specialty chemicals by a series of three processes, all materials being introduced in the Distilling Department. From the Distilling Depart- ment, the materials pass through the Reaction and Filling departments, emerging as fin- ished chemicals.
The balance in the account Work in Process—Filling was as follows on January 1, 2016:
Work in Process—Filling Department (3,400 units, 60% completed):
|
Direct materials (3,400 × $9.58) |
$32,572 |
|
Conversion (3,400 × 60% × $3.90) |
7,956 |
|
|
$40,528 |
The following costs were charged to Work in Process—Filling during January:
Direct materials transferred from Reaction
|
Department: 52,300 units at $9.50 a unit |
$496,850 |
|
Direct labor |
101,560 |
|
Factory overhead |
95,166 |
During January, 53,000 units of specialty chemicals were completed. Work in Process— Filling Department on January 31 was 2,700 units, 30% completed.
instructions
3. Prepare a cost of production report for the Filling Department for January.
4. Journalize the entries for costs transferred from Reaction to Filling and the costs trans- ferred from Filling to Finished Goods.
5. Determine the increase or decrease in the cost per equivalent unit from December to January for direct materials and conversion costs.
6. Discuss the uses of the cost of production report and the results of part (3).
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more