Started in process 9 200 units Completed and on hand 700 units-00133
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vu bnk603 Consumer Banking.
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vu bnk603 Mid Term Solved Past Paper No. 2.
Question 1: Started in process, 9,200 units, Completed and on hand, 700 units, in process at end of period, 1,000 units, complete as to materials and labor & factory overhead 4/10. Transferred 7,500 units to next department
Required: Compute the Quantity schedule and equivalent production units.
Required: Compute the Quantity schedule and equivalent production units.
Answer:
Quantity Schedule:
| Units Put into Process: | 9200 |
| Transferred to Next Department: | 7500 |
| Completed but in hand | 700 |
| Units still in process | 1000 |
Calculation of Equivalent Units Produced:
- (100% of completed units + % of units in process)
- Direct Material: 7500+700+(1000x100%) = 9200
- Labor & FOH : 7500+700+(1000x4/10) = 8600
