Calculate the cost of units manufactured during april

Assignment Help Financial Accounting
Reference no: EM131332140

Tree Top Company manufactures a single product and uses a process costing system. On the first day of April, there were 5,000 units in process that were 100% complete as to direct materials and 50% complete as to direct labor and manufacturing overhead. During the month of April, the company began production of 100,000 units, and at the end of April, the Work-in-Process inventory consisted of 2,000 units that were 100% complete as to direct materials and 80% complete as to direct labor and manufacturing overhead. The company's cost information is as follows:

 

Beginning Work-in-Process

Costs Added In April

Direct materials

$3,000

$65,250

Direct labor

$125

$6,151

Manufacturing overhead

$175

$7,147

Calculate the cost of units manufactured during April and the cost of Work-in-Progress at the end of April.

Reference no: EM131332140

Questions Cloud

Nominal net cash flow : However, because of the competition from the plastic alternatives, it sees no scope for increasing the price per unit from its current level of $42. Based on these forecasts, the nominal net cash flow, four years from now, is forecast to be closes..
Possible investment is the packaging machine : The first possible investment is the packaging machine, which will cost $14,000. The second investment, the molding machine, would cost $12,000. The expected cash flows for the two projects are given below and the cost of capital to the firm is 15..
Why the materials are important in financial decision making : Pick one material and Explain "why the materials (List below) are important in financial decision making." Support your discussion with a example.
Check whether there are equilibria in pure strategies : First check whether there are equilibria in pure strategies. Then check whether there are equilibria in which two players play pure strategies, while the third plays a completely mixed strategy.
Calculate the cost of units manufactured during april : Tree Top Company manufactures a single product and uses a process costing system. Calculate the cost of units manufactured during April and the cost of Work-in-Progress at the end of April.
Price comparison against three other facilities : Do a price comparison against three other facilities offering the same service. Provide a chart that summarizes the price differences.
Generate no internal equity for the foreseeable future : Southern Alliance Company needs to raise $30 million to start a new project and will raise the money by selling new bonds. The company will generate no internal equity for the foreseeable future. What is the true initial cost figure Southern should u..
Categories of parties or participants in a crime : Under the law, there are four categories of "parties" or participants in a crime: principal in the first degree, and principal in the second degree
Expect triple-net market rents : What expected cash flow (NOI) forecast should you put in year 2010 of your pro-forma for this space, if you expect triple-net market rents on new leases in 2010 to be $21.67/SF?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Last step in the process for revenue recognition

To address inconsistencies and weaknesses, a comprehensive revenue recognition model was developed entitled the. The third step in the process for revenue recognition is to. The last step in the process for revenue recognition is to.

  Class of equipment using revaluation accounting

Sunshine Company acquired equipment on January 1, 2015, for $40,000. Sunshine elects to value this class of equipment using revaluation accounting as permitted by International Financial Reporting Standard. This equipment is being depreciated on a st..

  Compute annual depreciation and carrying value

Compute the annual depreciation and carrying value for the new crane for each of the six years (round to the nearest dollar where necessary) under the double declining method. Round all intermediate percentage calculations to two decimal places.

  How are sales reported on the income statement

How are sales reported on the income statement? If net cash provided or used by operating, financing and investing activities are added together, the result is:

  What is elaine net capital gain or loss

What is Elaine's net capital gain or loss? Draft a letter to Elaine describing how the net capital gain or loss will be treated on her tax return. Assume Elaine's income from other sources puts her in the 35% bracket. Elaine's address is 3000 Ire..

  Commercial banks are an important source

Commercial banks are an important source of

  Use the weighted-average interest rate

Hanson Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $1,896,000 on March 1, $1,200,000 on June 1, and $3,056,000 on December 31. Use the weighted-average interest rate for int..

  Analyse the recent history of the australian stock market

The objective of this assignment is to assess the investment conditions in the Australian economy form Top Down Fundamental Analysis.

  Calculation of depreciation for plant assets1nbspnbsppine

calculation of depreciation for plant assets.1.nbspnbsppine company purchased a depreciable asset for 360000. the

  Prepare a cash flow forecast

Prepare a Cash Flow Forecast for AudioFile for the month of January 2013. Include appropriate supporting schedules.

  Earnings per share reported

Anjou Company had 10,000 shares of common stock outstanding at December 31, 2015 and 14,000 shares of common stock outstanding at December 31, 2016. Anjou had sales of $3,600,000 in 2016 and net income of $280,000 in 2016. What is Anjou's earnings pe..

  Arb corporation acquired 25 percent of tee corporations

arb corporation acquired 25 percent of tee corporations outstanding common stock on october 1 for 600000. a summary of

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