User Account

All Pages

Determine what were the equivalent units for conversion cost

Assignment Help Cost Accounting
Reference no: EM132715493

Problem 1: The Swivel Chair Company manufacturers a standard recliner. During? February, the? firm's Assembly Department started production of? 155,000 chairs. During the? month, the firm completed? 185,000 chairs and transferred them to the Finishing Department. The firm ended the month with? 18,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle.? Weighted-average costing is used by Swivel. What were the equivalent units for conversion costs for February if the beginning inventory was? 70% as to conversion costs and the ending inventory was? 45% as to conversion? costs?

A. ?171,200
B. ?185,000
C. ?193,100
D. ?163,100

Reference no: EM132715493

Questions Cloud

Prepare the statement of changes of shareholders equity : Below is the statement of shareholder's equity of Kenobi Ltd.: December 31, 2019 Shareholders' equity. The following transactions happen during 2020.
What was the total amount of sales tax paid : Cash sales for November 2018 were $64,500 plus sales tax of 8 percent. What was the total amount of sales tax paid in 2018
Describes the distinctive characteristic of fifo computation : Describes the distinctive characteristic of FIFO computations in assigning costs to units completed and to units in ending work in? process?
New normal affected your position in organization : How have you adapted? How has this "new normal" affected your position in the organization? How has your own organization adapted?
Determine what were the equivalent units for conversion cost : Determine What were the equivalent units for conversion costs for February if the beginning inventory was? 70% as to conversion costs and the ending inventory
How much would he have accumulated : If John decides to wait until age 35 to begin making annual end-of-year $2,000 deposits into the TFSA, how much would he have accumulated by his 65th birthday
Neutralize threats or vulnerabilities to acceptable level : They reduce or neutralize threats or vulnerabilities to an acceptable level.
Discuss audit issues that arose during worldcom collapse : Discuss three audit issues (such as independence, due diligence and valuation) that arose during the WorldCom collapse. Critically discuss the relevance.
Compute how many units must accounted for during period : Compute How many units must be accounted for during the? period? Direct Disk Drive Company operates a computer disk manufacturing plant.

Reviews

Write a Review

Cost Accounting Questions & Answers

  What were the firms net incomes and cash flows

What were the firms net incomes and cash flows from operations, and cash flow from assets - Would you expect the change in income and cash flows from the change in depreciation

  What total cash receipts in month will be

What Total cash receipts in Month 4 will be? Howard Company makes 30% of its sales for cash and 70% on account. 60% of the account sales

  Question1 a list the four areas in which standards of

question1 a list the four areas in which standards of ethical conduct exist for management accountants in australia.

  Investment after taxes14 is the firms cost of capital tax

investment after taxes14 is the firms cost of capital. tax rate is 40 percent and the firm uses straight line

  Methods deduct by-product revenues

You are required to prepare income statements separately under the methods Deduct by-product revenues from the cost of production of the main product.

  Prepare a classified balance sheet at july 31

Prepare an income statement and a retained earnings statement for the year. Prepare a classified balance sheet at July 31.

  Scheme affect the companys balance sheet

How does Mr. Blowhard scheme affect the amount of income that the company would otherwise report in its financial statement and how does the scheme affect the company's balance sheet?

  How a company could use a variable costing system

M3A1 & M3A2- Explain, with the help of an example, how a company could use a variable costing system, as well as an absorption costing system. You have the option of using the company you work for as an example.

  Prepare the revised statement of financial position

Record journal entries to account for the transactions and information and using Accpac, prepare the revised statement of financial position.

  Calculate the payback period of the investment

Calculate NPV, present value ratio, and payback. TopCap Co. is evaluating the purchase of another sewing machine that will be used to manufacture sport caps.

  Which is not included as one of the cash budget

Which is not included as one of the four major sections of a cash budget? the disbursements section. / the spelling and administrative section

  Which the increased use of the work force and less use

Which the increased use of the work force and less use of automation in companies has caused a trend towards an increase in?

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