CHRTC352 Final: All Readings - Summaries
Get access
Related Documents
Related Questions
Old Country Links, Inc., produces sausages in three production departmentsâMixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow:
Percent Completed
Units Mixing Materials Conversion
Work in process inventory, September 1 4 100 % 60 % 50 %
Work in process inventory, September 30 4 100 % 20 % 10 %
Mixing Materials Conversion
Work in process inventory, September 1 $ 9,456 $ 108 $ 1,828
Cost added during September $ 229,154 $ 23,766 $ 143,449
Mixing cost represents the costs of the spiced meat mixture transferred in from the Mixing Department. The spiced meat mixture is processed in the Casing and Curing Department in batches; each unit in the above table is a batch and one batch of spiced meat mixture produces a set amount of sausages that are passed on to the Packaging Department. During September, 103 batches (i.e., units) were completed and transferred to the Packaging Department.
Required:
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September.
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September.
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September.
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September.
5. Prepare a cost reconciliation report for the Casing and Curing Department for September.
Complete this question by entering your answers in the tabs below.
Complete this question by entering your answers in the tabs below.
1. Determine the Casing and Curing Department's equivalent units of production for mixing, materials, and conversion for the month of September. (Round your intermediate calculations and final answers to 1 decimal place.)
|
2. Compute the Casing and Curing Department's cost per equivalent unit for mixing, materials, and conversion for the month of September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.)
|
3. Compute the Casing and Curing Department's cost of ending work in process inventory for mixing, materials, conversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.)
|
4. Compute the Casing and Curing Department's cost of units transferred out to the Packaging Department for mixing, materials, conversion, and in total for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.)
|
5. Prepare a cost reconciliation report for the Casing and Curing Department for September. (Round your intermediate calculations to 1 decimal place and your final answers to the nearest whole dollar amount.)
|
Old Country Links Inc. produces sausages in three production departmentsâMixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with spices. The spiced meat mixture is then transferred to the Casing and Curing Department, where the mixture is force-fed into casings and then hung and cured in climate-controlled smoking chambers. In the Packaging Department, the cured sausages are sorted, packed, and labeled. The company uses the weighted-average method in its process costing system. Data for September for the Casing and Curing Department follow: units mixing materials conversion
mixing material conversion
| |||||||||||||||||||||||||||||||
2a. Compute the costs per equivalent unit for September for mixing, materials, and conversion. (Round your intermediate calculations to 1 decimal place. Round your final answers to the nearest whole dollar.)
3a.Determine the total cost of ending work in process inventory and the total cost of units transferred to the Packaging Department in September. (Round your intermediate calculations to 1 decimal place. Round your answers to the nearest whole dollar.)
4a. Prepare a cost reconciliation report for the Casing and Curing Department for September. (Round your final answers to the nearest whole dollar.) cost to be ccounted for: cost accounted for s follows: |
Old Country Links Inc. produces sausages in three productiondepartmentsâMixing, Casing and Curing, and Packaging. In the MixingDepartment, meats are prepared and ground and then mixed withspices. The spiced meat mixture is then transferred to the Casingand Curing Department, where the mixture is force-fed into casingsand then hung and cured in climate-controlled smoking chambers. Inthe Packaging Department, the cured sausages are sorted, packed,and labeled. The company uses the weighted-average method in itsprocess costing system. Data for September for the Casing andCuring Department follow: Percent Completed Units Mixing MaterialsConversion Work in process inventory, September 1 4 100% 60% 50%Work in process inventory, September 30 4 100% 20% 10% MixingMaterials Conversion Work in process inventory, September 1 $ 9,540$ 160 $ 1,440 Cost added during September $ 266,180 $ 17,304 $154,848 Mixing cost represents the costs of the spiced meat mixturetransferred in from the Mixing Department . The spiced meat mixtureis processed in the Casing and Curing Department in batches; eachunit in the above table is a batch and one batch of spiced meatmixture produces a set amount of sausages that are passed on to thePackaging Department. During September, 118 batches (i.e., units)were completed and transferred to the Packaging Department.Required: 1. Determine the equivalent units for September formixing, materials, and conversion. (Round your answers to 1 decimalplace.)
2. Compute the costs per equivalent unit for September formixing, materials, and conversion. (Round your intermediatecalculations to 1 decimal place. Round your final answers to thenearest whole dollar.)
3. | Determine the total cost of ending work in process inventory andthe total cost of units transferred to the Packaging Department inSeptember. (Round your intermediate calculations to 1decimal place. Round your answers to the nearest wholedollar.)
|