CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
    Aug-2007 - Jul-2017

Category > Accounting Posted 20 Dec 2017 My Price 10.00

complete schedule of the flow of units

can these six excel problems be completed please.  I need help............................................................................................................................................................

 

Problem 1 – 10 Points: Napa Valley Wine Industries of Pacific Coast California in the U.S. creates a unique component to aid in the fermenting of wine in casks in the noted Napa Valley region. The components are sold for $4180 a barrel. Export duties are significant when sold outside the Continental U.S., adding $450 to each barrel exported. The component is sold in various parts of the world where wine making is viewed favorably by the local governments and they hope to compete against the traditional European producers. The company uses the weighted-average method in its process costing system. The first stage in the production process is carried out in the Fermenting Department, which removes the foreign matter and blends them in the proper proportions in large vats. The POR based on MH is $16.42/MH. The Blending Department adds 80% direct materials at the start of the process. 20% are added at the end of the process. Subsequent to this processing, the product proceeds to a split-off off point and some of the component is processed into raw material for the health care industry. Barrels in Fermenting Dept.Percent Complete Direct LaborPercent Complete Mfg. Overhead Percent Complete Direct MaterialWork in process 6/1/1620,00030%50%78%Work in process 6/30/1610,00060%30%85%Started into process in May386,000------Started into process in June440,000------ The total costs to be accounted for during the month are $537,000. The total value of the ending WIP is $1,205, 200. The WIP costs were 4.93% higher than forecasted due to large internal failure costs with spoiled raw material products. Prepare the complete schedule of the flow of units and equivalent units in the Mashing Department for June.

 

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CourseLover
(12)
Status NEW Posted 20 Dec 2017 02:12 PM My Price 10.00

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