User Account

All Pages

Following information is available regarding direct labor

Assignment Help Managerial Accounting
Reference no: EM13894927

A company uses a process cost accounting system and the weighted average method for inventory costs. 

The following information is available regarding direct labor for the current year:
Goods in process, January 1 5500 units, 80 % complete
Goods in process, December31 8800 units, 40% complete
Units completed and transferred to finished goods 46900 units
Direct labor costs during the year 266,300
(a) Calculate the equivalent units of production for direct labor for the year.
(b) Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

Reference no: EM13894927

Questions Cloud

Explain patterns of people-eating and insect-eating : What do Harris and others suggest as a hypothesis to explain patterns of people-eating and insect-eating? Why is it more common in certain societies than in others? References required
Describe technique that fox lake use to encourage parties : Describe techniques that Fox Lake could use to encourage wedding parties to contribute their social capital to Fox Lake. On the surface, Fox Lake appears to be the primary beneficiary of such a contribution.
Choose and give your honest argument about the athens : magine you are a Citizen of Athens and have been asked to address the Athenian council (assembly) on either the growing importance of Alexandria(Egypt) OR the role of Platoâ??s â??Academyâ? in the Hellenistic World.
Evaluate quality of security offered by micropayment system : Briefly describe how it works. Evaluate the quality of security offered by this micropayment system and evaluate one such micropayment system.
Following information is available regarding direct labor : A company uses a process cost accounting system and the weighted average method for inventory costs.
Hydrogel in stem cell differentiation : You are expected to write a critical and insightful review of your topic. You must summarize and discuss them in your own words.
What is the doctrine of strict liability in tort : What is the doctrine of strict liability in tort, and how is it applied to the manufacture, distribution, and sale of products in modern-day business? What are some of the emerging areas of strict liability law, and how should they be resolved leg..
The utilization rate will stay unchanged : The utilization rate will stay unchanged if we pool three identical M/M/1 queues into one M/M/3. Can you use formula calculations to show me why it is true?
How did you review your rough draft for logical fallacies : How did you review your rough draft for logical fallacies

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Inventory control in a merchandising division

Adding certain controls costing $35,000 annually could reduce these losses to 0.5 percent of purchases. Should the control be recommended?

  Determining cost systems-tioga company

Tioga Company manufactures sophisticated lenses and mirrors used in large optical telescopes. The company is not preparing its annual profit plan.

  Journalize the required closing entries for rockwell

Journalizing closing entries-perpetual inventory Rockwell RV Center, Inc.'s accounting records include the following accounts at December 31, 2012- Journalize the required closing entries for Rockwell RV Center for December 31, 2012.

  Prepare the journal entry to record the april return

Prepare the journal entry to record the April 8 return of merchandise and prepare the journal entry to record the April 10 payment to Reece Company.

  What strategic objectives information system address

What strategic objectives this Information System address and in each strategic objective (from answer 1), how does Information System improve business process?

  Explain the nature of balancing item foreign exchange gain

Translate the profit of FC45 000 and the statement of financial position into Australian dollars. Explain the nature of the balancing item foreign exchange gain.

  Elaborate on the impact of communication in a mnc

Illustrate common and unique features of localization vs standardization using a Venn Diagram or similar chart, be sure that the chart or graph shows specific examples.

  What was the cost of goods manufactured for the month

Last month a manufacturing company had the following operating results. What was the cost of goods manufactured for the month?

  Calculate the amount fresh cut paid for goodwill

Calculate the amount Fresh Cut paid for goodwill - Fresh Cut Corporation purchased all the outstanding common stock of Premium Meats for $12,600,000 in cash.

  Describing the allocation of overheads

ABC currently employs traditional costing procedures, applying $410,000 of overhead to products X and Y on the basis of direct labor hours. The firm is considering the shift to activity-based costing and creation of individual cost pools that will..

  How much cash should skyline expect to receive

How much cash should Skyline expect to receive from its customers in Jan 10 and how much cash should Skyline expect to receive from its cusotmers in Feb 10?

  You are the vice president of operations for a small

you are the vice president of operations for a small manufacturing company that uses the absorptive method of

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