Maurice Tutor

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About Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 408 Weeks Ago, 3 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 18 Jan 2018 My Price 9.00

Mizukawa, Inc

PHYSICAL FLOW, EQUIVALENT UNITS, UNIT COSTS, NO BEGINNING WIP INVENTORY, ACTIVITY-BASED COSTING Mizukawa, Inc., produces a subassembly used in the production of hydraulic cylinders. The subassemblies are produced in three departments: plate cutting, rod cutting, and welding. Overhead is applied using the following drivers and activity rates:

Driver

Rate

Actual Usage (by Plate Cutting)

Direct labor cost

150% of direct labor cost

$366,000

Inspection hours

$20 per hour

3,725 hours

Purchase orders

$500 per order

400 orders

Other data for the plate cutting department are as follows:

Beginning work in process

—

Units started

370,000

Direct materials cost

$1,850,000

Units, ending work in process

 

(100% materials; 80% conversion)

20,000

Required:

1. Prepare a physical flow schedule.

2. Calculate equivalent units of production for:

a. Direct materials

b. Conversion costs

3. Calculate unit costs for:

a. Direct materials

b. Conversion costs

c. Total manufacturing

4. Provide the following information:

a. The total cost of units transferred out

b. The journal entry for transferring costs from plate cutting to welding

c. The cost assigned to units in ending inventory

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Jan 2018 09:01 PM My Price 9.00

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