How much is the total manufacturing cost per unit

Assignment Help Accounting Basics
Reference no: EM13142786

Conversion cost per unit equals $9.00. Total materials costs are $60,000. Equivalent units are 20,000. How much is the total manufacturing cost per unit?

Reference no: EM13142786

Questions Cloud

Report outlining the need for regulation in accounting : Comment on the appropriateness of this viewpoint. Prepare a report outlining the need for regulation in accounting and why a free market for accounting information is not ideal.
Briefly describe a situation : Briefly describe a situation where you or another person remembered an experience or situation differently. Apply what you have learned in Chapter 6 in an analysis of why your memories may have differed. Provide specific examples to support your resp..
Prepare an amortization table : Prepare an amortization table use the straight-line method to amortize the premium.
Find probability that exactly four are left-handed : Suppose that 15% of the population is left-handed. If 20 people are selected at random, find the probability that exactly 4 of them are left-handed.
How much is the total manufacturing cost per unit : Conversion cost per unit equals $9.00. Total materials costs are $60,000. Equivalent units are 20,000. How much is the total manufacturing cost per unit?
English instructor suggests an acronym-savrs : Your English instructor suggests an acronym, SAVRS, to remember the criteria for selecting the best relevant evidence for a research paper.
General revenue from progam revenue : Distinguish general revenue from progam revenue. Provide several example of each.
The long tube-like structure : The long tube-like structure that conveys impulses away from the cell body toward other neurons, muscles, or glands is called a(n)
Income from the current tax year : The partnership paid office expenses of $100,000. In addition, KKM distributed $10,000 each to partners Kaylyn and Kristie, and the partnership paid partner Megan $20,000 for administrative services. Kaylyn reports the following income from KKM du..

Reviews

Write a Review

Accounting Basics Questions & Answers

  When the fair market value of the assets acquired

When the fair market value of the assets acquired in a business purchase exceed the purchase price, negative goodwill (also called badwill) arises. When negative goodwill arises, GAAP requires that it be allocated to.

  Determining the correct amount of inventory

FOB destination, that will be received by Hastings on January 3. Determine the correct amount of inventory that Hastings should report.

  Journalizing partnership formation

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's intial net investment is 75,000 consisting of cash 17,500, equipment 82,500 and note payable reflecting a bank loan for a new business 25,000. Barber's initial investment is..

  What is the difference between panel a and panel b

what is the impact of goodwill in explaining the difference in Nokia's net income and shareholders' equity under IFRS versus US GAAP?

  Capital budgeting and cost of capital purpose

For capital budgeting and cost of capital purposes, the firm should assume that each dollar of capital is obtained in accordance with its target capital structure, which for many firms means partly as debt, partly as preferred stock, and partly co..

  What is the ending balance of goods in process inventory

The production department started the month with the beginning goods in process inventory of $350,000. During the month, it was assigned the following costs: direct materials, $192,000; direct labor, $90,000; overhead applied at the rate of 30% of..

  Effective interest rate on the loan

Knique Shoes issued a 100,000, 8 month, noninterest-bearing note. The loan was made by Second Commercial Bank whose stated discount rate is 9%. The effective interest rate on this loan (rounded) is:

  Purpose of the cut-off audit objective

What is the purpose of the CUT-OFF audit objective as applied to ACCOUNTS RECEIVABLE?

  How is annual cash inflow determined

How is annual cash inflow determined?

  What is the accrued interest

Maggie Sharrer Company borrows $88,500 on Sept. 1, 2008, from Sandwich State Bank by signing an $88,500, 12%, one-year note. What is the accrued interest at Dec. 31, 2008?

  Goals of financial management

Explain the goals of financial management. The description must include how earnings are valued, how shareholder wealth can be maximized, and how management decisions affect stockholder wealth.

  Journal entry for issuance of bonds

Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.

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