User Account

All Pages

Calculate the average cost per equivalent unit

Assignment Help Managerial Accounting
Reference no: EM13984451

A company uses a process cost accounting system and the weighted average method for inventory costs. 

The following information is available regarding direct labor for the current year:

1. Goods in process, January 1 5500 units, 80 % complete

2. Goods in process, December 31 8800 units, 40% complete

3. Units completed and transferred to finished goods 46900 units

4. Direct labor costs during the year 266,300

(a) Calculate the equivalent units of production for direct labor for the year.

(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent). 

Reference no: EM13984451

Questions Cloud

Federal reserve made a mistake and caused a recession : Suppose the federal reserve made a mistake and caused a recession. Then we should observe A. a high rate of money growth. B. potential output decreasing. C. interest rates rising as output falls. D. inflation increasing as output decreases. E. inflat..
Other things being equal-an economic expansion : Other things being equal, an economic expansion in the U.S. will
Why were the famous 5 taken off the bill : Talk about things we take advantage of right nowt hat were fought by women, back in the day, for us (one example is, schools - and how today we would not have classrooms like today with both genders and such eqaulity versus back in the day
Choose of your favorite proverbs from famous proverbs : The web page shall contain a table with 2x50 cells nicely positioned on the page. Choose 20 of your favorite proverbs from famous proverbs, each as a string literal pre-stored in a JavaScript array. Randomly choose one from the 20 proverbs and hav..
Calculate the average cost per equivalent unit : Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).
Consider art auction with two bidders in auction procedure : Consider an art auction with two bidders in which the auction procedure is that described in the text. Suppose that the auctioneer raises bids by multiples of one thousand dollars starting at the buyer's reservation price of $2,000 and stopping when ..
Highest total utility involves a comparison : The step-by-step process of finding the choice with highest total utility involves a comparison of the:
Briefly describe what you find particularly interesting : Please do not attempt to summarize these readings and talk, but rather briefly describe what you find particularly interesting/surprising/confusing in these. Readings- Charting the Economic Life Cycle by Ronald Lee Sang-Hyop Lee and Andrew Mason
Write five lines about the trinity in richard of st victor : Write eight lines about the notions of procession, relation, and person in Thomas Aquinas, or about the Trinity in St. Bonaventure.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Usa airlines uses the following performance measures

USA Airlines uses the following performance measures. Classify each of the performance measures below into the most likely balanced scorecard perspective it relates to.

  Calculate profit change attributable to productivity changes

Calculate the partial productivity ratios for each year. Can you say that produc- tivity has improved? Explain. Calculate the profit change attributable to productivity changes.

  The standard variable cost per unit

AAA Electronics sells two models of tablet computers.

  Gazelle corporation, a merchandiser, recently completed

1.Gazelle Corporation, a merchandiser, recently completed its calendar- year 2013 operations. For the year,

  Identify each expense as fixed-variable,or mixed

Identify each expense as fixed, variable, or mixed and prepare a contribution margin income statement based on a volume of 5,000 windows.

  Computer controlled manufacturing systems

As companies move to computer controlled manufacturing systems, what happens to the mix of product costs (direct material, direct labor, and manufacturing overhead)?

  Which of the following is a mixed use activity

1. Which of the following is c rules in an attempt to curbabuse?

  Roehler industrial has estimated that production

In Exercise 10-8, Roehler Industrial has estimated that production for the next five quarters will be:Production Information

  Discuss how your organization might use the findings

The purpose of the study defines what the researcher wants to find out and is found in the introductory section of the research article. Sometimes the purpose contains a research questions.

  Linear regression analyzing total overhead cost

Multiple regression analysis analyzing total overhead cost along with both units sold and machine hours used

  Materials quantity variance for march

The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased.

  Journalize the required closing entries for rockwell

Journalizing closing entries-perpetual inventory Rockwell RV Center, Inc.'s accounting records include the following accounts at December 31, 2012- Journalize the required closing entries for Rockwell RV Center for December 31, 2012.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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