During July, the production department of a process operations system completed and transferred to finished goods 10,000 units that were in process at the beginning of July and 76,000 that were started and completed in July. July's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to labor. At the end of July, 15,000 additional units were in process in the production department and were 100% complete with respect to materials and 25% complete with respect to labor. The beginning inventory included labor cost of $52,100 and the production department incurred direct labor cost of $450,750 during July. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.
A. $1.72.
B. $5.02.
C. $5.85.
D. $5.60.
E. $0.84.
Answer: D
You might also like to view...
During which phase of the marketing planning process does a firm evaluate performance using marketing metrics?
A. control phase B. strategy phase C. implementation phase D. planning phase E. production phase
________ is the process of buying, selling, transferring, or exchanging products, services, and/or information via computer
Fill in the blank(s) with correct word
Another way a systems analyst can show the scope of a system and define proper system boundariesis to use a(n) ________
A) flow chart B) entity-relationship diagram C) database diagram D) spreadsheet
Rist Corporation uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The Corporation estimated that it would incur $255,000 in manufacturing overhead during the year and that it would work 100,000 machine-hours. The Corporation actually worked 105,000 machine-hours and incurred $270,000 in manufacturing overhead costs. By how much was manufacturing overhead underapplied or overapplied for the year? (Round your intermediate calculations to 2 decimal places.)
A. $2,250 underapplied B. $2,250 overapplied C. $15,000 underapplied D. $15,000 overapplied