. Baja Corporation manufactures car seats for children. The car seats are produc
ID: 2498303 • Letter: #
Question
. Baja Corporation manufactures car seats for children. The car seats are produced in two separate departments Assembly and Finishing. The following information was obtained for the month of October: (use spreadsheet)
Assembly Department:
Direct material is added at the beginning of the process.
Beginning units in process ----- 3,350 Ending units in process ----- 2,680
Direct labor -------------- 70% complete Direct labor------------- 35% complete
Factory overhead -------- 70% complete Factory overhead------- 35% complete
Units started---------- 42,000
Beginning work in process Costs: Costs added during October.
Direct material------$12,060 Direct Material---------$ 157,500
Direct Labor---------$26,264 Direct Labor------------$ 483,200
Factory overhead----$40,200 Factory overhead-------$ 630,000
Prepare a cost summary sheet for Baja Corporation using the FIFO method.
Explanation / Answer
Cost Summary for bajaj October month cost Summary Particulars Begginning addition End ( Begginig +addition- Closing) Units amount ($) Units amount ($) Units amount ($) amount ($) (A) (a) (b) ( c) (B)=(b)/ (a) * ( c) (A)+(b)- (B) Direct Material ( 100%) 3350 12060 42000 157500 2680 10050 159510 Direct labour 2345 26264 42000 483200 938 10791.47 498672.5 Factory OH 2345 40200 42000 630000 938 14070 656130 Cost of Finished goods 1314313
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.