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undefined MARMARA UNIVERSITY, Department of Business Administration Cost Accounting, Final 29.01.2021 1. ABC Company...

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MARMARA UNIVERSITY, Department of Business Administration Cost Accounting, Final 29.01.2021 1. ABC Company manufactures a product which goes through one process only. The product costs and the data given below relate to the recent period; Beg. WIP... Direct Material cost. Conversion cost......... 6,375 units ..$ 7,605 $ 4,365 ELLE During Period: Units started.... 91,950 units Direct Mat, cost added.. $ 110,350 Direct Lab. Cost added.... $ 36,950 Manuf. Overh. Cost applied..... $ 47,065 End. WIP Direct Material...... Conversion. 5.100 units 100% completed 50% completed Prepare the production report. (round your numbers) 2. XYZ Company produces and sells 2 products. Lambda and Gamma, and the production process goes through two departments. Traditionally Manufacturing Overhead (M/O) cost is applied on the basis of direct labor hours (DLI): estimated M O cost is $ 5.757.500 and the estimated DLII is $12.250 for the most recent period. The team decided to replace traditional plantwide costing system to activity-based costing system. There are 3

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