Production cost data

Assignment Help Accounting Basics
Reference no: EM13121544

Crawford Company has the following equivalent units for July: materials 10,000 and conversion costs 9,000. Production cost data are:

work in process,july 1, for materials is $ 3,200
work in process,july 1, for Conversion is $ 1,500
Costs added in july, for materials is $ 25,200
costs added in july, for Conversion is $ 21,000

The unit production costs for July are:

a. $2.52 Materials, $2.50 Conversion Costs

b. $2.84 Materials, $2.33 Conversion Costs

c. $2.52 Materials, $2.33 Conversion Costs

d. $2.84 Materials, $2.50 Conversion Costs

Reference no: EM13121544

Questions Cloud

Illustrate what is the accounting carrying value : The rent revenue collected in advance is the only difference, and it is not repeated in October 20X5. Is this a temporary difference? Why or why not? Illustrate what is the accounting carrying value for the unearned rent at the end of 20X4? The tax b..
Create confidence interval for difference in proportions : Construct a 99% confidence interval for the difference in the proportions of college freshmen and sophomores who purchased used textbooks.
Lines-slopes and graphs : The slopes of the lines parallel to X axis and Y axis are. The slope of the line parallel to the line y = 10x and passing through origin
Predict what will happen after addition of a new solute : Imagine a beaker with solutions separated by a plasma membrane (like what is shown in the figure, step 3). Predict what will happen after addition of a new solute to the solution on the left side if the new solute (1) crosses the membrane readily ..
Production cost data : Crawford Company has the following equivalent units for July: materials 10,000 and conversion costs 9,000. Production cost data are:
Illustrate what are the nominal and effective interest rates : Illustrate what are the nominal and effective interest rates? Also determine the effective interest rate that a typical credit card issuer charges today.
Description of induction proof : Use mathematical induction to prove that : 1*2+2*3+3*4+....+n(n+1)(n+2)/3 for all n >_1 and (2) Find d=gcd (721 , 448), find integers s and t with d=721s + 448t, and put the fraction 448/721 in lowest terms.
Find probability that graduate selected will be male : What is the probability that the graduate selected will be a male who is not a member of a sports team? What is the probability that the graduate will be either a female or a member of a sports team?
Give journal entry that pale recorded when it transferred : Pale uses straight-line depreciation and useful lives of 40 years and 10 years for the building and equipment, respectively, with no estimated residual values. Give journal entry that Pale recorded when it transferred the assets to Bright.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry of bond redemption

The balance sheet for Reading Company reports the following information on July 1, 2010. Reading decides to redeem these bonds at 102 after paying annual interest. Prepare the journal entry to record the redemption on July 1, 2010.

  Calculate net book value

Assuming the Koger uses straight-line depreciation, what is the net book value for machine #25624 on March 31, 2008?

  Find notes using the effective-interest method

Purchases land having a fair value of $336,000 by issuing a 4-year, zero-interest-bearing promissory note in the face amount of $592,147.

  Compute fica taxes

During 2013, Rachel Parkins, president of Mathieson Company, was paid a semimonthly salary of $6,800. Compute the amount of FICA taxes that should be withheld from her:

  Objective questions

When confirming accounts payable, emphasis should be put on what kind of accounts?  Which of the following situations indicates a potential material weakness in internal control over acquisition and expenditure?

  What effect did the expansion on sales

Show what effect did the expansion have on sales, net operating working capital, capital, net operating profit, and net income?

  Capital assets and taxes

Joel has four transactions involving the sale of capital assets during the year resulting in a STCG of $5,000, a STCL of $12,000, a LTCG of $1,800 and a LTCL of $1,000. As a result of these transactions, Joel will:

  Amount of differential cost increase or decrease

If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?

  Accounting practice problem

On January 30, Tensing Corporation bought supplies of $2,000. The supplies were all consumed in February. Determine which of the following statements is true regarding the accounting for these supplies.

  Financial factors of management

What financial factors should management consider when deciding whether to sell a product at the split off point or process it further?

  Securities-risk and their betas

Security A has an expected return of 7 percent, a standard deviation of expected returns of 35 percent, a correlation coefficient with the market of -0.3, and a beta coefficient of -0.5. Security B has an expected return of 12 percent

  Completion percentage for wip

What is the overall completion percentage for the WIP as to direct materials at the end of period?

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