Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. undefined marmara university, department of busin

undefined MARMARA UNIVERSITY, Department of Business Administration Cost Accounting, Final 29.01.2021 1. ABC Company...

80.2K

Verified Solution

Question

Accounting

imageundefined

MARMARA UNIVERSITY, Department of Business Administration Cost Accounting, Final 29.01.2021 1. ABC Company manufactures a product which goes through one process only. The product costs and the data given below relate to the recent period; Beg. WIP... Direct Material cost. Conversion cost......... 6,375 units ..$ 7,605 $ 4,365 ELLE During Period: Units started.... 91,950 units Direct Mat, cost added.. $ 110,350 Direct Lab. Cost added.... $ 36,950 Manuf. Overh. Cost applied..... $ 47,065 End. WIP Direct Material...... Conversion. 5.100 units 100% completed 50% completed Prepare the production report. (round your numbers) 2. XYZ Company produces and sells 2 products. Lambda and Gamma, and the production process goes through two departments. Traditionally Manufacturing Overhead (M/O) cost is applied on the basis of direct labor hours (DLI): estimated M O cost is $ 5.757.500 and the estimated DLII is $12.250 for the most recent period. The team decided to replace traditional plantwide costing system to activity-based costing system. There are 3

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students