Questions from Cost Accounting

Q: For the data in Exercise 19-21, summarize the total

For the data in Exercise 19-21, summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to units completed and tran...

Q: Gray Manufacturing Company uses the FIFO method of process costing instead of

Gray Manufacturing Company uses the FIFO method of process costing instead of the weighted-average method. Required Compute equivalent units for direct materials and conversion costs. Show physical u...

Q: For the data in Exercise 19-21, use the FIFO

For the data in Exercise 19-21, use the FIFO method to summarize the total costs to account for; calculate the cost per equivalent unit for direct materials and conversion costs; and assign costs to u...

Q: Do Exercise 19-25 using the FIFO method. 2

Do Exercise 19-25 using the FIFO method. 2. What are the managerial issues involved in selecting or reviewing the percentage of spoilage considered normal? How would your answer to requirement 1 diffe...

Q: Mason produces small machined parts. Mason uses a job-costing

Mason produces small machined parts. Mason uses a job-costing system. The nature of its process is such that management expects normal spoilage at a rate of 2% of good parts. Data for last quarter are...

Q: Fred Harris is the president of United Maintenance Service. He takes

Fred Harris is the president of United Maintenance Service. He takes the following actions, not necessarily in the order given. For each action (a–e) state whether it is a planning decision or a contr...

Q: Roku Electronics manufactures universal power adapters at its Desert Sands plant.

Roku Electronics manufactures universal power adapters at its Desert Sands plant. The company provides you with the following information regarding operations for April 2020: Assume the spoiled units...

Q: WaferCo is a fast-growing manufacturer of computer chips. Direct

WaferCo 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 this pr...

Q: Refer to the information in Exercise 19-29. Required

Refer to the information in Exercise 19-29. Required 1. Do Exercise 19-29 using the FIFO method of process costing. 2. Should WaferCo’s managers choose the weighted-average method or the FIFO method?...

Q: Refer to the information in Exercise 19-30. Suppose that

Refer to the information in Exercise 19-30. Suppose that WaferCo determines standard costs of $240 per equivalent unit for direct materials and $100 per equivalent unit for conver- sion costs for both...