User Account

All Pages

Find cost of materials included in beginning work in process

Assignment Help Managerial Accounting
Reference no: EM132586949

Question 1: A supplier using a process costing system adds material to the process when the process is 50% complete. The cost of materials added during the month was 61,500. The ending work in process balance is 7,500 units, 30% complete. 20,000 units were completed and transferred out. The beginning work in process units were 75% complete. Using the weighted average method, the cost of materials per equivalent unit was correctly calculated to be 4.8 per equivalent unit. The cost of materials included in the beginning work in process from last month was

Reference no: EM132586949

Questions Cloud

Discuss about the stem cell research : This will be the first part of preparing for your final assignment in this course. There are four general topics that you will choose from: Stem Cell Research.
Estimate what would be the net operating income : Estimate what would be the net operating income, If the selling price increases by $2 per unit and the sales volume decreases by 100 units?
How do relevant costs impact a make or buy situation : What is a capital budgeting decision and how should management address it in relation to revenues and risk. What are Relevant Costs?
Wxplain what each calculated value means : Explain your approaches to the problems, perform relevant calculations and analyses, and justify your recommendations. explain what each calculated value means
Find cost of materials included in beginning work in process : equivalent unit was correctly calculated to be 4.8 per equivalent unit. The cost of materials included in the beginning work in process from last month was
Find how many units must be sold to achieve a target profit : Find How many units must be sold to achieve a target profit of $4,500? Contribution format income statement based on a sales volume
Describe the impact of gender on communication : Describe the concept of "Genderlect" and describe the impact of gender on communication. Provide examples of various communication methods.
Evaluate what would be the net operating income : Evaluate what would be the net operating income, If the selling price increases by $2 per unit and the sales volume decreases by 100 units
Discuss capital investment techniques of net present value : How Distinguish between the 3 capital investment techniques of Net Present Value, Internal Rate of Return, and Payback Method.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd