### Calculations of cost per equivalent unit

Assignment Help Accounting Basics
##### Reference no: EM13140375

McMillian Tire Company produces tires used on small trailers. The month of June ended with 700 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to conversion costs; 2,500 tires were transferred to finished goods during the month, and 3,000 were started during the month. The beginning Work in Process inventory was 60 percent complete as to direct materials and 40 percent complete as to conversion costs.

Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs.

#### Questions Cloud

 How many backpacks contain two three writing instruments : 18 contained both a blue pen and a pencil, and 10 contained all three items. How many backpacks contained exactly two of the three writing instruments? Role of religion in america-generational differences : What are the current generational differences in attitudes toward the role of religion in America? What is the concentration (m) of ch3oh in a solution : What is the concentration (M) of CH3OH in a solution prepared by dissolving 16.8 g of CH3OH in sufficient water to give exactly 230 mL of solution? What does narrow sense heritability estimate : What does narrow sense heritability (h2) estimate? a. The proportion of phenotypic variation that is due to total genetic variance b. The proportion of phenotypic variation that is due to interactive variance. Calculations of cost per equivalent unit : Determine the denominators to be used in the calculations of cost per equivalent unit for materials and conversion costs. Views about the reality or unreality of god : What are the different views expressed about the reality or unreality of God? Provide detail such as: notions of monotheism, pantheism, polytheism, atheism, agnosticism, immanence, animism, and transcendence. Estimate true proportion of regular voters with confidence : it was found that 110 were regular voters. Estimate the true proportion of regular voters with 90% confidence and comment on your results. What molar ratio of sodium acetate to acetic acid : What molar ratio of sodium acetate to acetic acid (NaAc/HAc) should be used in preparing a buffer having a pH of 4.35? (Ka = 1.8×10-5 for acetic acid.) Methods which is used to study religions : Why should we study religions? What are some of the methods used to study religions? What are some of the problems and questions sometimes associated with them?

### Write a Review

#### Semiannual interest payment dates

DNA Corporation issued \$4,000,000 in 8 percent, 10-year bonds on February 1, 2010, at 115. Semiannual interest payment dates are January 31 and July 31. Use the straight-line method and ignore year-end accruals.

In the current year, Spring Corporation, a closely held personal service corporation, has \$120,000 of passive losses, \$70,000 of active business income, and \$50,000 of portfolio income. How much of the passive loss may Spring deduct in the current..

#### Expense which is related to the company sole

In year 1 Laylor Company has revenues of \$100,000, advertising expense of \$22,000, depreciation of \$15,000-what is expected for last four years. The cost of capital is 10%.

#### Marital systems of a country

Briefly discuss the economic, political, educational, family, and marital systems of a country of your choice. When doing business in the chosen country, what kind of social hierarchies and social interactions should you be aware of?

#### Operating activities under indirect method

In Metro's current year cash flow statement, the reported net cash provided by operating activities under the indirect method should be:

#### Corporation current earnings and profits

Computation was a disallowed penalty of \$25,000, life insurance proceeds of \$100,000, and an income tax refund from 2009 of \$50,000. Au Sable is an accrual basis taxpayer. The corporation's current earnings and profits for 2010 would be:

#### Calculating gross estate tax base

Tom Hughes died in 2009 with a gross estate of \$3.9 million and debt of \$30,000. He made post-1976 taxable gifts of \$100,000, valued at \$80,000 when he died. His estate paid state death taxes of \$110,200. What is his estate tax base?

#### Bonds making semiannual payments

Watters umbrella corp issued 12 year bonds 2 years ago at a coupon rate of 7.8%. The bonds make semiannual payments. If these bonds currently sell for 105% of par value, what is the YTM?

#### Problem regarding preferred stockholders

No dividends were paid the previous 2 years. If Koon declares \$400,000 of dividends in the current year, how much will preferred stockholders receive if the preferred stock is cumulative?

#### Deduction in the property tax

The real property tax year in Adams County is the calendar year. The real property tax becomes a person liability of the owner of real property on January 1 in the current real property tax year 2009.

#### Distinguish-debt security and equity security

Distinguish between a debt security and an equity security.

#### Equity section of the balance sheet

Prepare journal entries to record the treasury stock transactions. Prepare the equity section of the balance sheet for Cosmo Company.