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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 22
Basic Cost Flows
Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November:
During November, 9,000 components were completed. There is no beginning or ending WIP in any department.
Required:
1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost.
2. Calculate the unit cost. ( Note : Round the unit cost to two decimal places.)
Davis Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for November:
During November, 9,000 components were completed. There is no beginning or ending WIP in any department.
Required:
1. Prepare a schedule showing, for each department, the cost of direct materials, direct labor, applied overhead, product transferred in from a prior department, and total manufacturing cost.
2. Calculate the unit cost. ( Note : Round the unit cost to two decimal places.)
Explanation
Verified
Verified
1.
Following is a schedule showing for ...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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