Compute the equivalent units for direct material

Assignment Help Managerial Accounting
Reference no: EM13935368

Tempe Chemicals refines a variety of chemicals for cleaning products. The following data are from the company's Greenville plant:

Work in Process, May 1........2,200,000 gallons
Direct material............100% complete
Conversion costs...........40% complete
Units started in process during May..750,000 gallons
Work in Process, May ........31230,000 gallons
Direct material...........100% complete
Conversion costs...........60% complete

Required:

Compute the equivalent units for direct material and conversion costs for the month of May.

Reference no: EM13935368

Questions Cloud

Why is the oil liquid while margarine solid : Why and when do plant cells elongate from the point of osmosis? What is the relationship between this high rate of expansion (20-75Um/h) and plant vacuoles?
Training needs assessment-transfer of learning-evaluation : In your own analysis, what possible errors were being made by CAC's Training Director from the perspective of a) training needs assessment, b) transfer of learning and c) training evaluation?
Microsoft exchange server 2007 : At its head-office in Darwin, AusEd technical staff maintain an accounting system running proprietary MYOB software, a customer relationship management system using open source SugarCRM software, and an email system based on Microsoft Exchange Ser..
Calculate the magnitude of the force : The light bracket ABC is freely hinged at A and is constrained by the fixed pin in the smooth slot at B. Calculate the magnitude R of the force supported by the pin at A under the action of the 80- N · m applied couple
Compute the equivalent units for direct material : Compute the equivalent units for direct material and conversion costs for the month of May.
How does this affect the shape of the cell : Erythrocytes (mature red blood cells) lose their mitochondria, nucleus, ribosomes and many cytoplasmic enzymes during development. How does this affect the shape of the cell? How does its structure relate to its function?
How legislation affected the role of nursing role : Select an advanced professional or advanced practice nursing specialty. How has past and current regulation/legislation affected the role and scope of this nursing role
What roles do atp and calcium play : Explain what happens to bones as a result of these weight-bearing exercises. Include an explanation of calcium and bone remodeling and how this relates to homeostasis?
Develop an in-house program package : Task To develop an in-house program package to address the training and/or development need that was identified from the Needs Analysis in Assessment.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Net present value cma adapted lo 3 maybe i should have

net present value cma adapted lo 3 maybe i should have stuck with teaching high school art. no matter what i try i cant

  Methods used to incorporate indirect costs

Explain the methods that are used to incorporate a portion of the indirect costs into the cost of the product or service.

  Lm enterprises produces a single part for sale

1.LM Enterprises produces a single part for sale

  Determine account balances of the t accounts

Determine account balances of the T accounts and accounts containing a single entry only (such as Prepaid Insurance) do not need a balance.

  What nonfinancial factors should management consider

What nonfinancial factors should management consider in making its decision on whether to accept or reject a special order?

  Estimating financing needs

In your accounting course, you learned about the income statement that provides a record of what led to net income for the year. Just as you might develop a forecast of the future year's budget, financial professionals forecast future income by devel..

  Question show the fund or nonfund accounts that should be

question show the fund or nonfund accounts that should be used to account for each of the subsequent1. tax revenues

  Job descriptions and job functions

What would you include in a job description for a new cashier? How about a sales person? What is included on your job description? Are there functions you perform that are not in your job description?

  Discuss the changing role of management

Do you agree with the statement? Discuss the changing role of management accountants with reference to how it impacts on the current business environment.

  Computer controlled manufacturing systems

As companies move to computer controlled manufacturing systems, what happens to the mix of product costs (direct material, direct labor, and manufacturing overhead)?

  Calculate bay area cycles per unit variable expense

Current operating income for Bay Area Cycles Co. is $70,000. Selling price per unit is $100, the contribution margin ratio is 35%, and fixed expense is $280,000.

  Case study for annual report assignment

Case Study for Annual Report Assignment - company has had an overdraft for the last two months of the financial year

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