Determine the direct materials cost equivalent unit

Assignment Help Financial Accounting
Reference no: EM131810448

Georgia Products Inc. completed and transferred 171,000 particle board units of production from the Pressing Department.

There was no beginning inventory in process in the department. The ending in-process inventory was 15,000 units, which were 2/5 completer as to conversion cost.

All materials are added at the beginning of the process.

Direct materials cost incurred was $706, 800, direct labor cost incurred was $100, 360, and factory overhead applied was $23, 540.

Determine the following for the pressing Department.

a. Total conversion cost $

b. Conversion cost per equivalent unit $

c. Direct materials cost equivalent unit $

Reference no: EM131810448

Questions Cloud

Compute the number of motorcycles to be produced : Dirt Bike Co in Japan has a division that manufactures two-wheel motorcycles. Compute the number of motorcycles to be produced
Discuss the correspondence e-r model construct : Discuss the correspondence between the E-R model construct and the relation model construct
Gross salary in savings certificates : Joan earns a salary of $40,000 per year, and she expects to receive increases at a rate of 4% per year for the next 30 years. She is purchasing a home
Amount to be included as taxable income : What amount of the Social Security benefits must George and Weezy include in their gross income under the following independent situations?
Determine the direct materials cost equivalent unit : Georgia Products Inc. completed and transferred 171,000 particle board units of production from the Pressing Department.
What is the real or differential inflation rate of salary : Assume your salary is $35,000 in 1995 and $60,000 in 2035. If inflation has averaged 2% per year, what is the real or differential inflation rate of salary
Average yearly rate of appreciation : If the average rate of inflation over the 70-year period has been 3%, what has been the average yearly rate of appreciation, adjusted for inflation?
Discuss what was xanadus net income for the year : issued stock in the amount of $5,000. What was Xanadus net income for the year
Find the company predetermined overhead application rate : Problem - Job-Order Costing; Focus on Manufacturing Overhead. Determine the company's predetermined overhead application rate

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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