Illustrate what is the conversion cost per equivalent unit

Assignment Help Financial Accounting
Reference no: EM13129270

The Nazareth Company’s mixing department incurred conversions costs of $650,820 during January, after recording a beginning Work in Process inventory of $30,430 for conversion costs. Fifty-four thousand units were transferred out of department and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion. What is the conversion cost per equivalent unit?

Reference no: EM13129270

Questions Cloud

Explain why are allocations called arbitrary : Allocate the $1,000,000 common costs to the two revenue departments using both methods. Explain why are allocations called arbitrary?
Calculate the neutral abundance of each isotope : the atomic masses of 6Li and 7 Li are 6.0151 amu and 7.0160 amu. Calculate the neutral abundance of each isotope. The average atomic mass of Li is 6.941 amu
Solving second order differential equation : Find the general solution of the second order differential equation y'' - y' - 6y = e^-3x This one is quite long winded, and I am pretty sure that I am getting yh right but can't seem to get close to yp. I think this is a D.R.A.E?
Explain shape of the distribution of the sample mean : Suppose we select a sample of 16 cuts from various CDs sold by CRA CDs, Inc. What can we say about the shape of the distribution of the sample mean? What is the standard error of the mean?
Illustrate what is the conversion cost per equivalent unit : Fifty-four thousand units were transferred out of the department and the ending inventory consisted of 2,500 units that are 20% complete with respect to conversion. Illustrate what is the conversion cost per equivalent unit?
Determine the number of protons and neutrons : How do you determine the number of protons and neutrons in an atoms' nucleus and the number of electrons in its first and second shells?
Difference between formal and informal inductive argument : answer these question•Define in three to four sentences, in your own words, the difference between formal and informal inductive arguments.
Total budgeted factory overhead : If the budgeted direct labor time for November is 7,100 hours, then the total budgeted factory overhead for November is:
What is the molecular formula of a compound : What is the molecular formula of a compound with a percentage composition 26.7% P, 12.1% N, and 61.2% Cl and a molecular mass of 695u.

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Elucidate why the firm should or should not undertake

A firm contemplating an advertising campaign that promises to yield $120 one year from now for $100 spent now. Elucidate why the firm should or should not undertake the advertising campaign. apply the concept of the present value.

  Explain how much loss should hansen have recognized

Hansen Construction, Inc., has consistently used the percentage-of-completion method of recognizing income. During 1997 Hansen started work on a $3,000,000 fixed-price construction contract. Explain how much loss should Hansen have recognized in ..

  Make a production budget for february

Make a forecast of the units and cost of raw material that will be required for February, March, and April. The expected cost per pound of raw material is expected to be $2 in February, $2.30 in March, and $2.40 in April

  Evaluate budgeted production during the month

Below is budgeted production and sales information for Fleming Inc. for December. Evaluate Budgeted production during the month

  Amount of discountor premiumt

Using the straight- line method. the amount of discountor premiumt o be amortized every intrest period would be''

  Journalize the given transactions

Block Company issued a 20,000 10 year bond on 7/1/2008 when the market rate was 6.5%. Assume that the accounting year of Block Company ends on December. Journalize the following transactions.

  Prepare the journal entry that faulkner can record

Prepare the journal entry that Faulkner may record in 2013 related to the change. (If no entry is needed for a particular event, select "No journal entry required" in the first account field.)

  Make the required journal entries to record

How much advertising expense could be allocated to each department and Make the required journal entries to record the above transactions and events.

  Explain how can you incorporate this type of analysis

Explain how can you incorporate this type of analysis and awareness into your professional work in a way that enhances your value to your organization? Which tools covered in this course might most readily translate into expanding your personal an..

  Calculate the contribution margin

Quiltworks company reported actual sales of $2,000,000, and fixed costs of $450,000. The contribution margin ratio is 30%. Calculate the break even point in dollars

  Audit report and financial statements for the system

Audit report and financial statements for the system

  Create the appropriate adjusting entry for depreciation

On January 1, 2009, the estimate of useful life was changed to a total of 12 years, and the estimate of residual value was changed to $20,000. Create the appropriate adjusting entry for depreciation in 2009 to reflect the revised estimate.

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