hikll corporations uses the weighted average methof in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The cost and percentage completion of these units in beginning inventory were:
Materials cost $9,100 - 80% complete
Conversion cost $5,400 - 25% complete
a total of 7,000 units were started, and 6600 units were transferred to the seconf processing department during the month. the following costs were incurred in the first processinng department during the month
Materials cost - $96,700
Conversion Costs -$180,700 the ending inventory was 80% completed for materials and 80% completed for conversion costs. Required: calculate the equivalent units for conversion costs for teh month in thr first procsessing deparmtent.
The following overhead data are for a department of a large company.
Actual cost incurred strategic budget
Activity level (in units) 360 340
indirect materials $4,182 $4,148
electricity $2,536 $2,414
administration $6,540 $6,500
rent $6,310 $6,400
required: construct a flexible performance budget report that would be useful in assessing how well costs were controlled in this department