Accounting 211 Chapters 3 and 4

1.
Advertising Expense: $34,000
Direct Materials: $80,000
Direct Labor: $256,000
Indirect Materials: $15,000
Factory Rent: $165,000
Sales Commissions: $430,000
Factory Supervisor Salary: $128,000
Direct Labor Hours: 128,000 hours
Machine Hours: 384,000 hours

2.
A company uses the weighted-average method in its process costing system. There is only one processing department. The following data were taken from the companys accounting records. At the beginning of the month, there were no units in the work in process inventory and 150,000 units in the finished goods inventory. The company sold 500,000 units during the month. There were 32,000 units, which were 75% complete as to conversion costs, in the work in process inventory and 120,000 units in the finished goods inventory at the end of the month.

What were the equivalent units of production for conversion costs for the month?

Also, don't forget to rate and comment on the video! Your feedback will help me make even better videos in the future!

Category:

Education

Tags:

• Managerial
• Accounting
• Job
• Order
• Costing
• Process

[primec2004]

pls u are helpfull but the jokes is not useful . stop n go straight to business

[FloridaGator96]

In the info given, you had the factory super's salary at $128,000, you then changed it to $140,000. What gives? So the overhead rate is not $2.50, it's $2.41. Or do I have something completely wrong? If so, please advise. Thanks.

[Karousha]

Thanks

[Melaniemechele2011]

you were tons of help!!! thanks so much!

[d789b]

Hey, I do admit, what you put, party in the USA was really clean.

[amovrich]

I'm giving all of these videos 5 stars-because "Party in the USA" has been stuck in my head for 2 days because of this!

-A-Money-Section 2