Questions from Cost Accounting

Q: For the data in Exercise 18-19, use the FIFO

For the data in Exercise 18-19, use the FIFO method to summarize total costs to account for, calculate the cost per equivalent unit for direct materials and conversion costs, and assign total costs to...

Q: Millstream Company makes wooden toys in its forming department, and it

Millstream Company makes wooden toys in its forming department, and it uses the weighted-average method of process costing. All direct materials are added at the beginning of the process, and conversi...

Q: Aaron Inc. is a manufacturer of vents for water heaters.

Aaron Inc. is a manufacturer of vents for water heaters. The company uses a process-costing system to account for its work-in-process inventories. When Job 512 was being processed in the machining dep...

Q: Arokia Electronics manufactures cell phone models in its Saskatoon plant. Suppose

Arokia Electronics manufactures cell phone models in its Saskatoon plant. Suppose the company provides you with the following information regarding operations for September 2015: Total cell phones ma...

Q: Chipcity Inc. is a fast-growing manufacturer of computer chips

Chipcity Inc. is a fast-growing manufacturer of computer chips. Direct materials are added at the start of the production process. Conversion costs are added evenly during the process. Some units of t...

Q: Refer to the information in Exercise 18-24.

Refer to the information in Exercise 18-24. Required: Do Exercise 18-24 using the FIFO method of process costing. Data from Exercise 18-24: Chipcity Inc. is a fast-growing manufacturer of computer...

Q: Refer to the information in Exercise 18-23. Suppose Chipcity

Refer to the information in Exercise 18-23. Suppose Chipcity determines standard costs of $200 per equivalent unit for direct materials and $75 per equivalent unit for conversion costs for both beginn...

Q: Bamber Kitchens produces a variety of items in accordance with special job

Bamber Kitchens produces a variety of items in accordance with special job orders from hospitals, plant cafeterias, and university dormitories. An order for 2,500 cases of mixed vegetables costs $6 pe...

Q: Bright Goods assembles washing machines at its Cambridge plant. In February

Bright Goods assembles washing machines at its Cambridge plant. In February 2015, 60 tumbler units that cost $44 each from a new supplier were defective and had to be disposed of at zero disposal pric...

Q: Mendola Corp. has an extensive job-costing facility that uses

Mendola Corp. has an extensive job-costing facility that uses a variety of metals. Consider each requirement independently. Required: 1. Job 372 uses a particular metal alloy that is not used for any...