Evaluate the equivalent units for materials costs

Assignment Help Managerial Accounting
Reference no: EM13516360

Compute Equivalent Units

Bears, Inc., adds materials at the beginning of the process in Department MO. The following information on physical units for Department MO for the month of July is available:

Work in process, July 1 (75% complete with respect to conversion)  .

27,000

Started in July

180,000

Completed

180,000

Work in process, July 30 (60% complete with respect to conversion) 

27,000

Required

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

Reference no: EM13516360

Questions Cloud

Davenport plant for the month of may : Compute the cost per equivalent unit for materials using the weighted-average method - The information pertains to the Davenport plant for the month of May
Find the velocity of the first cart : A 2.3kg cart is rolling across a frictionless, horizontal track toward a 1.5kg cart that is held initially at rest. find the velocity of the first cart when the second cart was still at rest
Determine the equivalent units for materials : Evaluate Equivalent Units: Weighted-Average Method - Compute the equivalent units for materials using FIFO.
What is the period of the propeller in seconds : An airplane propeller is rotating at 1250 rpm It takes 4.27×10^-3 s to turn through 32 degrees. At 201 rpm, what is the period of the propeller in seconds
Evaluate the equivalent units for materials costs : Evaluate the equivalent units for materials costs and for conversion costs using the weighted-average method and compute the equivalent units for materials costs and for conversion costs using the FIFO method.
Evaluate pka and ka for acetic acid : Electrical conductivity measurements show that 0.050 M acetic acid is 1.9% dissociated at 25* C. Calculate pKa and Ka for acetic acid.
Calculate the moment of inertia of disk : Two disks are rotating about the same axis. Disk A has a moment of inertia of 4.59 kg·m2 and an angular velocity of +7.91 rad/s. What is the moment of inertia of disk B
Evaluate the equivalent units for materials : Evaluate the equivalent units for materials using FIFO and compute the equivalent units for conversion costs using FIFO.
Evaluate the molarity of a solution of sodium hydroxide : Calculate the molarity of a solution of sodium hydroxide, NaOH, if 23.64 mL of this solution is needed to neutralize 0.5632 gof potassium phthalate

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Should eec use a job-order costing system which is a

should eec use a job-order costing system which is a costing system where costs are collected and assigned to units of

  Analyze two managerial plans

A cost behavior analysis indicates that 75% of the cost of goods sold are variable. 50% of the selling expenses are variable, and 25% of the administrative expenses are variable.

  Discuss the ethical issues involved in the scenario

Rivkin was left feeling puzzled and concerned by Smiths evasiveness.The next day Rivkin talked to the production manager Amy Wilcox about the concers. Later that day Wilcox raised a issue wit smith .After lenghy and sometimes heated exchange the s..

  Assignation individual ai 3 master and flexible budget1

assignation individual ai 3 master and flexible budget1. orange company is planning to sell 200 buckets and produce 190

  Rules regarding operating and capital leases

The accounting industry has been wrestling with changing the rules regarding operating and capital leases.

  Draw a scatter diagram of boutique catering number

On the third day in your role as accountant the general manager has asked you to review the results of 2012 and 2013 to try and determine if there is a relationship between the number of meals prepared per month and the administration costs whi..

  Normal costing-actual costing systems

Describe the reasons a consulting firm might use a normal costing system rather than an actual costing system.

  Discuss how overheads can be over- or under-applied

Discuss how overheads can be over- or under-applied and how the company should deal with the over- or under-application and evaluate whether ABC should be introduced. (Hint: remember to consider both the costs and benefits of any action recommended.)

  Short answer questions-managerial accounting

What do you see as the major impediments to effective budgeting in organizations? Why? How relevant should allocated costs be in product-costing decisions? Why? What are the major benefits of using transfer pricing in organizations? What are the disa..

  Write about the financial statement analysis

Write about Best buy about their Financial Statement Analysis

  How much of cooks net income

How much of Cook's net income did Mehan report for the year 2012?

  Gwinnett paper company manufactures three products computer

gwinnett paper company manufactures three products computer paper newsprint and specialty paper in a continuous

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd