What are the the correct answers Please show the calculation
What are the the correct answers? Please show the calculations as well. Thank You
se the following information for questions 14-16 Star Toys manufactures one type of wooden toy figure. It buys wood as its direct material for the Forming Department of its Madison plant. The toys are transferred to the Finishing Department, where they are hand-shaped and metal is added to them. The process-costing system at Star Toys has a single direct-cost category (direct materials) and a category of conversion costs (consists of direct labor and manufacturing overhead costs). Direct materials are added in the Forming Department at the beginning of the process. Conversion costs are added evenly during the Forming Department\'s process. Consider the following data for the Forming Department in April 20xx: Physical Units Direct Conversion Costs Work in process, April 1 (direct materials 100% complete; conversion costs 40% complete) 300 2,200 2,000 Units started in April Units completed& transferred in April Work in process, April 30 (direct materials 100% complete; conversion costs 25% complete) 500 7,500 $70,000 $ 2,125 $42,500 Costs in beginning work-in-proces Costs added during April 14. If Star Toys uses the First-in, first-out method of inventory, what is the cost per equivalent unit for conversion costs for the current period (select the closest answer)? $22.257 per equivalent unit $25.000 per equivalent unit C. $31.818 per equivalent unit D. $21.197 per equivalent unit E. $18.235 per equivalent unit. 15. If Star Toys uses the Weighted-average method of inventory, what is the cost per equiv unit for conversion costs for the current period (select the closest answer)? A. $22 per equivalent unit B. $25 per equivalent unit C. $31 per equivalent unit D $21 equivalent unit $18 per equivalent unit Solution
First of all we have solve the question no 18
Manufaturing Overhead Includes overhead which is based on Machine hours which is as under-
$19800/1800
=$ 11.00 Per Machine Hour
Option (A) is right answer.
Answer of Question no 17 is (C)
Answer of Question no 19 is (D)
Remaining questios are already solved so we have solved only the above questions.
| Particulars | Ties | Paints | Total |
|---|---|---|---|
| Unit Produced | 8000 | 4000 | 12000 |
| Machine Hour Used | 1000 | 800 | 1800 |
| Direct Labour Hours | 200 | 120 | 320 |
| Manufaturing Overhead | - | - | $33240 |
