wk 2 individual assignment
Carrie Bissonette
Acc/400
Week 2 Individual Assignment
E17.15
A) 34,700
B) 60,725
E18.10
A1)
Particulars
Sets
Inputs
Beginning WIP
8,000
Start new units in May
50,000
58,000
Outputs
Ending WIP
(10,000)
Completed and Transferred mat sets
48,000
A2)
Particulars
Cakes
Total Inputs units
58,000
Ending work in process
(10,000)
Beginning work in process
(8,000)
Units completed and transferred
40,000
B.) 58,000
C.) $6.00
D.)
Account Title & Explanation
Debit
Credit
Work in process – cutting department
287,200
Direct Material
200,000
Conversion Cost
87,200
To record the costs incurred in cutting department for producing 48,000 mat sets in the month of May
Account Title & Explanation
Debit
Credit
Work in process – coating department
288,000
Work in process – cutting department
288,000
To transfer the cost incurred by cutting department to coating department
E.) 288,000
E18.11
a.) 54,000
B1.)
Particulars
Total Units
Total Input Units
54,000
Ending work in process
(9,000)
Total Units Completed
45,000
B2.)
Particulars
Total Units
Total Input Units
54,000
Ending work in process
(9,000)
Beginning work in process
(6,000)
Total Units Completed
40,000
C.) 54,000
D.) $2.00
E.)
Account Title & Explanation
Debit
Credit
Work in process – coating dept
96,450
Direct Material
11,925
Conversion Cost
84,525
To record the costs incurred in coating department for producing 45,000 mat sets in the month of May
Account Title & Explanation
Debit
Credit
Finished Goods
414,000
Work in Process – coating dept
414,000
To transfer the cost incurred by coating department to finished goods
F.) $414,000
E19.2
A.) Research and development activities of a management accountant might include asking managers what types of information they need to make decisions and what format would be the easiest for them to use. It could also include determining how well the firm’s information system meets the needs of the managers and how it could be improved.
B.) Production activities would
Acc/400
Week 2 Individual Assignment
E17.15
A) 34,700
B) 60,725
E18.10
A1)
Particulars
Sets
Inputs
Beginning WIP
8,000
Start new units in May
50,000
58,000
Outputs
Ending WIP
(10,000)
Completed and Transferred mat sets
48,000
A2)
Particulars
Cakes
Total Inputs units
58,000
Ending work in process
(10,000)
Beginning work in process
(8,000)
Units completed and transferred
40,000
B.) 58,000
C.) $6.00
D.)
Account Title & Explanation
Debit
Credit
Work in process – cutting department
287,200
Direct Material
200,000
Conversion Cost
87,200
To record the costs incurred in cutting department for producing 48,000 mat sets in the month of May
Account Title & Explanation
Debit
Credit
Work in process – coating department
288,000
Work in process – cutting department
288,000
To transfer the cost incurred by cutting department to coating department
E.) 288,000
E18.11
a.) 54,000
B1.)
Particulars
Total Units
Total Input Units
54,000
Ending work in process
(9,000)
Total Units Completed
45,000
B2.)
Particulars
Total Units
Total Input Units
54,000
Ending work in process
(9,000)
Beginning work in process
(6,000)
Total Units Completed
40,000
C.) 54,000
D.) $2.00
E.)
Account Title & Explanation
Debit
Credit
Work in process – coating dept
96,450
Direct Material
11,925
Conversion Cost
84,525
To record the costs incurred in coating department for producing 45,000 mat sets in the month of May
Account Title & Explanation
Debit
Credit
Finished Goods
414,000
Work in Process – coating dept
414,000
To transfer the cost incurred by coating department to finished goods
F.) $414,000
E19.2
A.) Research and development activities of a management accountant might include asking managers what types of information they need to make decisions and what format would be the easiest for them to use. It could also include determining how well the firm’s information system meets the needs of the managers and how it could be improved.
B.) Production activities would