How to calculate the number of equivalent units produced

Assignment Help Cost Accounting
Reference no: EM132659687

Olomana furniture manufactures file cabinets that are purchased by local businesses. Cabinets are produced in two processing departments, fabricating and assembly. In the fabricating department, all the direct materials are added at the beginning of the process, overhead is applied evenly throughout information: the entire process. Qlomana uses process costing and had the following cost and production Assembly Department Materials Transferred in from Fabricating... $15,000 New Materials for Assembly Department.. 12,000 Direct Labor... 19,900 Manufacturing Overhead applied. 14,200 Units in beginning work in process. 200 Units started during January.. 700 Units completed and transferred out. 60 At the beginning of January, units beginning in work in process in the fabricating department were 60% complete; while units in the ending work in process in the assembly department were 80% complete.

Questions:

Problem 1: Calculate the number of equivalent units produced for the assembly department during January.

Problem 2: Calculate the cost per equivalent for assembly department during January.

 

Problem 3: Based on the equivalent units, what were the total cost of producing a cabinet in January?

Reference no: EM132659687

Questions Cloud

History of pandemics graphics : Look at the History of Pandemics graphics by copying and pasting this link below
How should cache handling be accomplished : How should cache handling be accomplished in order to minimize the ability of the attacker to deliver a payload through the cache? The response must be typed.
Prepare forecasted financial statements for year : Prepare forecasted financial statements for Year 7 (cash flow statement, income statement, and balance sheet). Prepare a brief justification for each
Explain voluntary move and involuntary move : How might an involuntary move contribute to long-term housing problems? How might it affect employment? How can eviction lead people to lose their jobs?
How to calculate the number of equivalent units produced : Olomana furniture manufactures file cabinets, Calculate the number of equivalent units produced for the assembly department during January.
Discussing log file auditing and various approaches utilized : Write 200 to 300 words discussing log file auditing and the various approaches utilized. Respond to two other students' posts. The response must be typed.
Prepare variable cost income statement for each company : Solve the break-even point in dollars and the margin of safety ratio for each company. (Round break-even point to the nearest whole dollar)
Why institutions might be reluctant to move it to the cloud : Discuss in 500 words, why institutions might be reluctant to move their IT to the cloud. Consider a specific industry like education, medicine, military, etc.
Prepare a statement of profit or loss for the game last year : Prepare a statement of profit or loss for the game last year. The company sold 17,000 games last year at a selling price of £17,000 per game

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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