Cost of production report for february

Assignment Help Accounting Basics
Reference no: EM13142351

Hudson Arts manufactures electronic language translators. Analysis of beginning Work in Process for February 2010 revealed the following for 800 units:

800 Units

Percent Complete Costs Incurred

Material 45 $6,748

Direct Labor 65 $2,484

Overhead 40 $5,710

Total Beginning Inventory $14,942

During February, Electronic Arts started production of another 11,400 translators and incurred $259,012 for material, $58,316 for direct labor, and $188,210 for overhead. On February 28, the company had 400 units in process (70% complete as to material, 90% complete as to direct labor, and 80% complete as to overhead).

Required:

Prepare a cost of production report for February using the weighted-average method. Show all work and calculations for EUP, Cost per EUP, and Total Cost Accounted For.

Reference no: EM13142351

Questions Cloud

What is the empirical formula of the compound : a compound is composed of only C.H and O. the combustion of a 0.519-g sample of the compound yields 1.24g of CO2 and 0.255g of H2O.
Confidence interval for true average amount of time customer : Construct a 95% confidence interval for the true average amount of time customers spent in the restaurant. With a .95 probability, how large of a sample would have to be taken to provide a margin of error of 2.5 minutes or less?
Statements about current liabilities : Which of the following statements about current liabilities is true?
Distinguish between sympathetic and parasympathetic motor : Distinguish between the sympathetic and parasympathetic motor pathways of the autonomic nervous system? Identify body responses that are characteristic of both systems.
Cost of production report for february : Prepare a cost of production report for February using the weighted-average method. Show all work and calculations for EUP, Cost per EUP, and Total Cost Accounted For.
Explain the important of purpose, audience, : with a 150 to 200 word paragraphs to explain the important of purpose, audience, tone, and content in academic writing.
How many grams of mg2so4 is required : How many grams of Mg2SO4 is required to make up 100mL of 20g/L Mg2SO4 solution in water?
What are the two types of lymphocytes : what are the two types of lymphocytes and where are they made and where are they located in the body once mature?
Calculate the molarity of the sodium hydroxide : The concentration fo certain sodium hydroxide solution was determined phthalate(abbreviated as KHP). KHP is an acid with one acidic hydrogen and a molar mass of 204.22 g/mol.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How to prepare the journal entries necessary

The Diamond Glitter Company is in the process of preparing its financial statements for 2012. Assume that no entries for depreciation have been recorded in 2012. The following information related to depreciation of fixed assets is provided to you.

  What other criteria impact the decision

What are some obstacles to discerning a precise hurdle rate at Big Red Trucking, or in your business or industry? In what ways might you Red Trucking, or in your business or industry?

  Equal employment opportunity laws

Your report should be in the form of a two page memo that discusses the regulations and how they will apply to your hiring process. You may select any Locality or State you wish ensuring compliance with Equal Employment Opportunity laws.

  Compute the predicted break-even point in dollar

Prepare a forecasted contribution margin income statement for 2012 that shows the expected results with the machine installed. Assume that the unit sales price and the number of units sold will not change, and no income tax will be due.

  Consolidated cash flow statement

Aceton Corporation owns 80 percent of the outstanding stock of Voctax, Inc. During the current year, Voctax made $140,000 in sales to Aceton. How does this transfer affect the consolidated statement of cash flows?

  Managing the collection of receivables

Compute the day’s sales uncollected for both companies as of the end of current period. Which company is doing a better job in managing the collection of its receivables?

  What action do you recommend jamestown take

What are Jamestown's options regarding the treatment of these three customers? Based on this initial customer profitability analysis, what action do you recommend Jamestown take with each of these three customers?

  Funds to invest at discount rate

A company has unlimited funds to invest at its discount rate. The company should invest in all projects having:

  Consequences of the transaction-liquidating distribution

Issue: What are the consequences of this transaction to Corporation Z and the XYZ Partnership? What are the Law implications in this analysis? Which conclusions did you arrive at?

  What is the business purpose doctrine

The U.S. Tax Code has evolved over time to include many credits and deductions. Certainly, the legislative process encourages offering tax benefits for certain behavior, such as buying a new car or home, investing in manufacturing equipment, and s..

  Journal entry for the transaction

Birch issued 200 shares of $12 par common stock in exchange for a piece of equipment with a current market value of $3,000. Which of the following is not part of the journal entry for this transaction?

  Determining direct write off method

Gilkey Construction Company writes of the account of Arthur Blanks of $78,000. The journal entry to record this under the direct write off method is:

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