Determine the direct materials cost per equivalent unit

Assignment Help Accounting Basics
Reference no: EM132684639

Problem - Costs per equivalent unit - Pacific Products Inc. completed and transferred 55,000 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 1,400 units, which were 3⁄5 complete as to conversion cost. All materials are added at the beginning of the process. Direct materials cost incurred was $203,040, direct labor cost incurred was $38,900, and factory overhead applied was $28,108.

Required - Determine the following for the Pressing Department:

a. Total conversion cost

b. Conversion cost per equivalent unit

c. Direct materials cost per equivalent unit

Reference no: EM132684639

Questions Cloud

Covid-19 crisis : The COVID-19 crisis has opened the doors to many frameworks and opportunities for Leadership.
Describe an information set : Based on the Efficient Markets Hypothesis (EMH), describe an "information set"? Distinguish the information sets used in the different levels of the EMH.
Analyzing cognitive and educational evaluation report : Analyzing Cognitive and Educational Evaluation Report. describe how each assessment is technically sound and minimizes rater bias
Describe an example of a business ethics problem : Analyze and describe an example of a business ethics problem, and how to deal with such a problem, what actions would a manager take?
Determine the direct materials cost per equivalent unit : Pacific Products Inc. completed and transferred 55,000 particle board units of production. Determine the direct materials cost per equivalent unit
What nike ltd will recognize : What Nike Ltd will recognize? Nike Ltd sold goods to a customer for a total consideration of $181 500, payable 24 months after delivery.
What does the federal trade commission mean : What does the Federal trade commission mean when it direct consumers to deter, detect, and defend against identity theft?
How do find what the effective interest rate is : 10% premium above nominal value on 31 December 2022. Transaction costs paid by Adidas Ltd amounted to $30 000. The effective interest rate is
Determine the equivalent units of production for cereal : Assume that once a box is filled with cereal, Determine the equivalent units of production for cereal, boxes, and conversion costs for January

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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