Marquita filters produces an air filter for use in jet

Assignment Help Accounting Basics
Reference no: EM13602746

Marquita Filters produces an air filter for use in jet aircraft. Parts are added at several points in the production process. In August productions began with 500 filters in Work in Process, 80% complete as to materials and 70% complete as to conversion cost. During the month an additional 2700 units were added into production. 600 filters were in work in process at the end of the month and they were 70% complete as to materials and 60% complete as to conversion cost.cost Information for August Beginning Work in Process Cost added in August

  • Material $45,000 $269,080
  • Labor 11,000 77,800
  • Manufacturing Overhead 80,000 497,200
  • Total 136,000 844,080

a. Calculate the cost per equivalent unit for each of the three cost items and in total.
b. Calculate the cost of the items completed in August and the cost of ending work in process inventory.

Reference no: EM13602746

Questions Cloud

Kinsley and sons has sales of 185 million they had earnings : kinsley and sons has sales of 185 million they had earnings of 13 million. the web sales department is considering a
Ring company can sell a maximum of 1000 units of each size : ring company manufactures two tables small and large. the following data is available small large selling price per
Watts and williams a cpa firm audited the accounts of : watts and williams a cpa firm audited the accounts of sampson skins. the firm knew that sampson wanted that number of
The product normally sells for 160 per unit texas company : texas company produces and sells 22000 units of a single product. costs associated with this level of production are as
Marquita filters produces an air filter for use in jet : marquita filters produces an air filter for use in jet aircraft. parts are added at several points in the production
Case study -narda corporation agreed to sell all of its : case study -narda corporation agreed to sell all of its capital stock to effie corporation for three monthly payments
Proton company which begin operations in 2009 invests its : proton company which begin operations in 2009 invests its idle cash in trading securities. the following transactions
Landess corporation currently has 120000 shares outstanding : landess corporation currently has 120000 shares outstanding of 10 par value common stock. the stock was originally
Compute the projected costs and the overhead rate for this : lund products inc. uses a predetermined overhead rate in its production assembly and testing departments. one rate is

Reviews

Write a Review

Accounting Basics Questions & Answers

  Precision engineering invested 110000 at 65 percent

precision engineering invested 110000 at 6.5 percent interest compounded annually for 4 years. how much interest on

  Tax basis hurdle for deductibility

How much of the $25,000 ordinary loss allocated to Parker clears the tax basis hurdle for deductibility in 2010? What is Parker's stock and debt basis at the end of 2010?

  Journal entry-stockholders section of balance sheet

The stockholders' equity section of Hiller Corporation's balance sheet at December 31, 2005, appears below: Prepare the journal entries to record the above stock transactions.

  Total cash dividends related problem

Norton's outstanding stock consists of (a) 13,000 shares of noncumulative 8% preferred stock with a $10 par value and (b) 32,500 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and pai..

  What is the maximum price the company

Excluding the cost of the machinery, additional operating costs are expected to be $15,000 per year. If the firm requires a minimum 12% return on its investment, what is the maximum price the company can pay for this equipment?

  Realization of the gain on the sale of land

On November 8, 2006, Power Corp. sold land to Wood Co., its wholly owned subsidiary. The land cost $61,500 and was sold to Wood for $89,000. From the perspective of the combination, when is the gain on the sale of the land realized?

  Determine net patient revenue

Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the third month, and 5 percent in the fourth month, dete..

  Complete the 3-5 page paper on the significance of

complete a 3-5 page paper on the importance of maintaining academic honesty. this paper must be in proper apa format

  Stonehenge inc a manufacturer of landscaping blocks began

stonehenge inc. a manufacturer of landscaping blocks began operations on april 1 of the current year. during this time

  What is the fundamental ethical issue in this situation how

the board of directors of xiaping trading company is meeting to discuss the past years results before releasing

  Detailed explanation of equivalent units

Griffith Company started its production operations on July 1. During July, the silk-screening department completed 15,600 units. There were 2,400 units in ending inventory which were 75% complete with respect to materials and 20% complete with res..

  Arthurs auto repair shop is considering the purchase of a

arthurs auto repair shop is considering the purchase of a new computer system for diagnosing engine problems. the

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