User Account

All Pages

Compute production for materials and conversion

Assignment Help Cost Accounting
Reference no: EM13509426

Equivalent Units

Question Details

Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May follows:

Production data:
Pounds in process, May 1; materials 100% complete;
conversion 77% complete
10,400
Pounds started into production during May 111,000
Pounds completed and transferred out ?
Pounds in process, May 31; materials 62% complete; conversion 21% complete
13,100

Cost data:
Work in process inventory, May 1:
Materials cost $2,200
Conversion cost $7,600
Cost added during May:
Materials cost $148,500
Conversion cost $96,800

--------------------------------------------------------------------------------

The company uses the weighted-average method.

Requirement 1:

Compute the equivalent units of production for MATERIALS AND CONVERSION.

Reference no: EM13509426

Questions Cloud

Expalin factors that ellis quilting company should consider : Ellis Quilting Company makes blankets that it markets through a variety of department stores. It makes the blankets in batches of 1,000 units. Ellis made 20,000 blankets during the prior accounting period. The cost of producing the blankets is sum..
Summary of the goal by goldratt : Summary of The Goal by Goldratt.
What is the work done by the man : man pulls a block of mass m = 15 kg up an incline at a slow constant velocity for a distance of d = 4.5 m. The incline makes an angle q = 35° with the horizontal. What is the work Wm done by the man
What method yields the highest depreciation expense : What method yields the highest depreciation expense for 2013 and what method yields the most depreciation over the four-year life of the equipment?
Compute production for materials and conversion : Compute the equivalent units of production for MATERIALS AND CONVERSION.
Compute the angular velocity of the sphere : A solid, uniform sphere of mass 2.0 kg and radius 1.7 m rolls without slipping down an inclined plane of height 6.7 m. What is the angular velocity of the sphere
Obtain the average force exerted on the ball : a golf ball of mass .05 kg is at rest on the tee and has a velocity of 102 m/s immediately after being struck. what is the average force exerted on the ball
What is the cost of materials handling per computer keyboard : Electronics Unlimited uses activity-based costing to allocate all manufacturing conversion costs. Electronics Unlimited produces computer keyboards.
How to determine the profit margin : Disney recently reported sector income from operations, revenue, and invested assets (in millions) as follows.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Evaluate chis recognized gain or loss on the exchange

Evaluate Chis recognized gain or loss on the exchange.

  Creating a formal statement

ZBB forces an organization to prioritize its projects and look for alternative ways to fund or do projects. ZBB also forces organizations to plan over several years because of the time and cost required.

  Question your company is interested in having a new

question your company is interested in having a new facility constructed. the contractor expects that it will take

  Woolworths and coles dominate the food grocery market in

woolworths and coles dominate the food grocery market in australia. both these organisations have come in for what

  Explain about human capital expenditures

Do you think that expenditures on human capital should be treated as an asset or an expense? Why or why not?

  Dq 01explain how full-absorption costing can be abused by

dq 01explain how full-absorption costing can be abused by management to misstate financial results.dq 02explain how cvp

  Prepare the closing entries

Create the general journal entries to record each of these events and prepare the closing entries.

  Investments at market value

Explain how reported accounting numbers might affect an individual's perceptions and actions - market value instead of cost, large losses would have been reported earlier

  Net operating income for the year

Net operating income for the year under variable costing and production costs for the year

  Stigler''s theory

Stigler's 'private interest theory' proposes that regulatory bodies (including accounting standard setters) are made up of individuals who are self-interested, and these individuals will introduce regulation that best serves their own self-interest.

  What is the maximum payment ever

If the mortgage is for $250,000, what is the monthly payment during the first year? Second year? What is the maximum payment during the 4th year? What is the maximum payment ever?

  How does the firm use cost-volume-profit analysis to assess

how does the firm use cost-volume-profit analysis to assess performance? how would you use such a system to measure how

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