Determine the cost per equivalent unit of conversion

Assignment Help Accounting Basics
Reference no: EM132240469

Question - Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 13,500 units. At the end of the month there were 13,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 50% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $21,000

Direct Labor 17,000

Factory Overhead 10,000

Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March: (Round & enter final answers to the nearest cent.)

Reference no: EM132240469

Questions Cloud

How would you characterize the pressures for customization : How would you characterize the pressures for customization and global integration in Heineken's industry?
Were there quiet or dominating members in the group : Discuss any meeting "sins" that you may have noticed as you observed. Note any other areas you may have observed.
Why is innovation so important to an organization : Why is innovation so important to an organization - What is the entrepreneurial mindset, and how does it relate to innovation
Determine the total manufacturing costs : Baltimore Manufacturing had a Work in Process balance of $73,000 on January 1, 2018. Use this information to determine the total manufacturing costs
Determine the cost per equivalent unit of conversion : Use this information to determine the cost per equivalent unit of conversion for the month of March
Discuss about the scientific study of the development : After consulting one of the articles given above, describe how the scientific study of the development of these particular individuals can further our knowledge
What the project manager can do to understand : Resource constraints can be a huge burden on a project, sometimes causing project issues and/or project failures.
Calculate the current price : Calculate the current price of the following $1000 FV bonds with 7 years to maturity: Market yield 6.5%, semi-annual coupon payments
What factors likely contribute to common : What factors likely contribute to common, erroneous beliefs about affirmative action, even among intended beneficiaries.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assessment of physical ability to perform the job

The police department of Mason, IL consists of 90 full-time officers varying in ages, from 21 to 59. The tenure of the officers also varies with some being newly hired and others with 10 or more years of service to the force.

  Describe how the following business transactions

Describe how the following business transactions affect the three elements of the accounting equation.a. Invested cash in business.b. Received cash for services performed.c. Paid for utilities used in the business.d. Purchased supplies for cash.e. Pu..

  Net cash provided by operating activities

The information in the table is from the statement of cash flows for a company at four different points in time (A, B, C, and D). Negative values are presented in parentheses. which ones are DECLINE, MATURITY, GROWTH or INTRODUCTORY?

  What condition will make labor efficiency variance to be

what condition will make labor efficiency variance to be unfavorable? who is responsible for labor efficiency variance

  What is the balance of the account for equity investment

When Flavo Inc. prepares its balance sheet at the end of the year, what is the balance of the account for Equity Investment---Tastey Company

  Ms excel - create a start up budget and first 6 months

ms excel - create a start up budget and first 6 months operating expenses for your new business using ms excel. the

  Amount of principal reduction

Assuming that this lease is properly classified as a capital lease, what is the amount of principal reduction recorded when the second lease payment is made in Year 2?

  Taxpayers may prepay tax liability through with holdings

Taxpayers may prepay their tax liability through with holdings and through estimated tax payment? true or false

  Concept of conservatism

The concept of conservatism is often considered important in accounting. The application of this concept means that in the event some doubt occurs as to how a transaction should be recorded, it should be recorded so as to

  What are the amounts and descriptions for all of the

obtain an annual report from a publicly traded corporation that is interesting to you. be sure the company has property

  Financial implications-sarbanes oxley act

Discuss the financial impact of SOX and consider its effect on economic growth and enterprise.

  Determine the basic form of the cash budget

Stern Corporation's management wants to maintain a minimum monthly cash balance of $8,000. At the beginning of September, the cash balance is $12,270.

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