Calculate the equivalent units of conversion costs

Assignment Help Accounting Basics
Reference no: EM132720042

Questions -

Q1. Softcloth Textile Pty Ltd. manufactures a variety of fabrics. The weaving department had 5,000 units in work in process on April 1 which were 20% complete as to conversion costs. During April, 14,000 units were completed and transferred. On April 30th, 3,000 units remained in work in process 70% complete as to conversion costs. Using the weighted average process costing approach, calculate the equivalent units of conversion costs as at the end of April.

a. 10,100

b. 11,100

c. 15,100

d. 16,100

e. 17,000

Q2. Ninja Company uses the weighted-average method in its process costing system. The company had 11,000 units in work in process at April 1, that were 50% complete with respect to conversion cost. During April, 12,000 units were completed. At 30 April 7,000 units remained in work in process and they were 30% complete with respect to conversion cost. Direct materials are added at the beginning of the process. How many units were started during April?

a. 19000

b. 23000

c. 20000

d. 11000

e. 8000

Reference no: EM132720042

Questions Cloud

How compute what is estimate of stock price based on firm : How do Compute What is the estimate of the stock price based on the firm valuation model? The company has 58 million preferred stock outstanding, that currently
How you would argue her innocence of the charge : Delia has been charged with "accessory to murder." Explain how you would argue her innocence of this charge based on evidence in the story.
What is Jacob QBI deduction : Jacob, who is single, has income from his Schedule C of $175,000. His taxable income is $140,000 after his other deductions. What is Jacob's QBI deduction
Compute what is estimate of the stock price based on firm : A company had free cash flows of $425.The company does not have any preferred stock. What is the estimate of the stock price based on the firm valuation model?
Calculate the equivalent units of conversion costs : Using the weighted average process costing approach, calculate the equivalent units of conversion costs as at the end of April
How the purchasing function fits into tqm philosophy : In three or four paragraphs of 100 words each, describe how the purchasing function of an organization fits into implementing a TQM philosophy in.
Explain the process of writing prescriptions : As a nurse practitioner, you prescribe medications for your patients. You make an error when prescribing medication to a 5-year-old patient. Rather than dosing.
What is the dividend yield of the stock : If a stock has a current dividend of $2.83, a dividend growth rate of 4% and a stock price of $61.62 what is the dividend yield of the stock?
What is the amount of manufacturing overhead cost : Luthan Company uses a platwide predetermined overhead rate of $23.40 per direct labor hour. What is the amount of manufacturing overhead cost

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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