User Account

All Pages

Compute the equivalent units of production for 1 materials

Assignment Help Accounting Basics
Reference no: EM13484218

The Blending Department of Luongo Company has the following cost and production data for the month of April.

Costs:

  Work in process, April 1

  Direct materials: 100% complete
$110,000
  Conversion costs: 20% complete
77,000
  Cost of work in process, April 1
$187,000
  Costs incurred during production in April

  Direct materials
$880,000
  Conversion costs
401,500
  Costs incurred in April
$1,281,500

Units transferred out totaled 18,700. Ending work in process was 1,100 units that are 100% complete as to materials and 40% complete as to conversion costs.

1) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

2) Compute the unit costs for the month.

Reference no: EM13484218

Questions Cloud

Call options on a stock are available with strike prices : call options on a stock are available with strike prices of 15 17frac12 and 20 and expiration dates in 3 months. their
Which of the following most appears to contradict the : which of the following most appears to contradict the proposition that the stock market is weakly efficient? explain.a.
Give an intuitive explanation of why the early exercise of : give an intuitive explanation of why the early exercise of an american put becomes more attractive as the risk-free
Rodman corporations fiscal year ends on november 30 the : rodman corporations fiscal year ends on november 30. the following accounts are found in its job order cost accounting
Compute the equivalent units of production for 1 materials : the blending department of luongo company has the following cost and production data for the month of april. costsnbsp
Explain why the arguments leading to put-call parity for : explain why the arguments leading to put-call parity for european options cannot be used to give a similar result for
What is a lower bound for the price of a 4-month call : what is a lower bound for the price of a 4-month call option on a nondividend-paying stock when the stock price is 28
Explain why the market makers bid-offer spread represents a : explain why the market makers bid-offer spread represents a real cost to options
Explain why an american option is always worth at least as : explain why an american option is always worth at least as much as its intrinsic

Reviews

Write a Review

Accounting Basics Questions & Answers

  Role of certified public accountants

Why are certified public accountants expected to maintain higher standards than society in general?

  Explosion company produces one type of product total fixed

explosion company produces one type of product. total fixed costs are 100000. unit variable costs are 6.00. the

  Method of amortising discounts and premiums

The firm uses the effective interest method of amortising discounts and premiums. The bonds were sold to yield an effective interest rate of 10%.

  What is the markup on variable costs needed

What is the markup on variable costs needed to obtain a target profit of $75,000?

  Average daily sales the chamberlain corporation has an

average daily sales the chamberlain corporation has an accounts receivable turnover equal to 12 times. if accounts

  Explanation direct materials direct labor manufacturing

Inventory with job cost sheets pertaining to unfinished work. (Hint: Use a single T-account for Work in Process Inventory.) Calculate each of the following, then post each to the T-account: (1) beginning balance, (2) direct materials, (3) direc..

  Basics of balance sheet and income statement

Select either the balance sheet or income statement and explain how the use of it may be applied to your everyday life.

  What entries would be made to record income tax expenses

Htech Corp. started its operation in 2010 and has a $550,000 net operating loss when the tax rate is 35%. In 2011, the company has $680,000 taxable income and the tax rate is revised to 40% in early 2011.

  Prepare an analysis for ed management

Prepare an analysis for ED management that compares processing the butter further with selling the product immediately at split off.

  Determine cost of goods using periodic system

Sampson Company's accounting records show the following at the year ending on December 31, 2010. Using the periodic system, the cost of goods sold is:

  Partner-in-charge and a consulting partner

What is the purpose of having both a partner-in-charge and a consulting partner on each audit engagement? should the partners be rotated among thier clients periodically? why or why not? (short question answer)

  Star corporation issued both common and preferred stock

star corporation issued both common and preferred stock during 20x6. the stockholders equity sections of the companys

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