Calculate the equivalent units for materials, labor

Assignment Help Managerial Accounting
Reference no: EM133140180

Question - Suppose a company manufactures and sells a chemical product. The company processes the product in two departments. The March production data for Department B is:

Beginning WIP 0

Units started this period 11,000

Units completed and transferred 9,000

Ending WIP units 2,000

Direct materials $1,100

Direct labor $2,880

Applied overhead $8,880

Required -

a. Show the physical flow of units. The 2000 units in ending inventory are 40% complete as to conversion costs.

b. Calculate the equivalent units for materials, labor and overhead.

Reference no: EM133140180

Questions Cloud

Determine the components of the distribution to mr korngold : Determine the components of the distribution to Mr. Korngold, and the amount of taxable capital gains that will be realized as a result of the winding-up
Why does network require constant monitoring : Why does a network require constant monitoring to determine the percentage of its capacity being used?
What is the inventory turnover : Given an annual credit sales value of P365 million, accounts receivable of P36.5 million, what is the inventory turnover? Use 365 days in a year
Calculate the break even number of units : Calculate the break even number of units with a target profit of $120,000 if the fixed expenses are $15,000 and the contribution margin is $60 per unit
Calculate the equivalent units for materials, labor : Suppose a company manufactures and sells a chemical product. Calculate the equivalent units for materials, labor and overhead
What does the term globalization mean : What does the term globalization mean? What does the term digital divide mean? What was one of the key points of The Rise of the Network Society?
What does term intellectual property mean : What does the term information systems ethics mean? What does the term intellectual property mean? What does a trademark protect? How do you obtain one?
Calculate the sales revenue that head-first must make : Calculate the sales revenue that Head-First must make to earn operating income of $81,900 by using the point in sales equation
How is the concept of service value system : Evaluate the objectives, activities and associated roles and responsibilities to enable effective planning, management and improvement of IT service processes

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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