The balance in beginning work in process at bing rubber

Assignment Help Accounting Basics
Reference no: EM13602536

The balance in beginning Work in Process at Bing Rubber Company for direct labor was $147,700. During the month of March, an additional $1,351,850 of direct labor was incurred, and 31,800 pounds of rubber were produced. At the end of March, 13,300 pounds of rubber were in process and the units were 50 percent complete. At the start of March, the company had 6,780 pounds of rubber that were 40 percent complete.

Calculate the cost per equivalent unit for labor assuming that labor is added uniformly throughout the production process.$ per pound

Reference no: EM13602536

Questions Cloud

Stephen bosworth a super salesman contemplating retirement : stephen bosworth a super salesman contemplating retirement on his fifty-fifth birthday decides to create a fund on an 8
Razz corporations common stock is currently selling on a : razz corporations common stock is currently selling on a stock exchange at 175 per share and its current balance sheet
A company issued a 30000 20 year bond with a stated : 1. a company issued a 100000 20 year bond with a stated interest rate of 6. assume interest payments are made annually.
What percentage of assets would be financed by equity round : santana rey has consulted with her local banker and is considering financing an expansion of her business by obtaining
The balance in beginning work in process at bing rubber : the balance in beginning work in process at bing rubber company for direct labor was 147700. during the month of march
Te companys product is sold by the box at 50 per unit : lehighton chalk company manufactures blackboard chalk for educational uses. the companys product is sold by the box at
The current sections of leach incs balance sheets at dec 31 : the current sections of leach inc.s balance sheets at dec 31 2010 and 2011 are presented here. leachs net income for
What will be the relationship between total operating : chataqua can company manufactures metal cans used in the food-processing industry. a case of cans sells for 50. the
On january 1 2006 gless textiles issued 12 million of 9 : on january 1 2006 gless textiles issued 12 million of 9 10-year convertible bonds at 101. the bonds pay interest on

Reviews

Write a Review

Accounting Basics Questions & Answers

  Capital budgeting and cost of capital purpose

For capital budgeting and cost of capital purposes, the firm should assume that each dollar of capital is obtained in accordance with its target capital structure, which for many firms means partly as debt, partly as preferred stock, and partly co..

  First-out method used to cost inventories

The cost of the 500 units in process at the end of the period in the first-in, first-out method is used to cost inventories was which of the following:

  Determine the total relevant cost

Determine the total relevant cost if parts are made inside the company. (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

  A manufacturing company uses a job order cost accounting

a manufacturing company uses a job order cost accounting system. overhead is applied using pounds of direct materials

  Becky is the owner of brooksone farm on january 12007 the

becky is the owner of brooksone farm. on january 12007 the beginning of the companys fiscal year becky borrowed 750000

  Evaluate and discuss the comparative forms

Evaluate and discuss the comparative forms of doing business and discuss the pros and cons of each, explaining your rationale in detail. Which form would you use? Why?

  Assume that output can be produced only using processes a

assume that output can be produced only using processes a and b. process a requires inputs l and k to be combined in

  What amounts were payable on each class of stock

At December 31, 2011 and 2012, Sloan Corp. had outstanding 2,000 shares of $100 par value 8% cumulative preferred stock and 10,000 shares of $10 par value common stock. At December 31, 2011, dividends in arrears on the preferred stock were $8,000...

  Cost-plus time and materials ethics r amp c mechanical

cost-plus time and materials ethics. r amp c mechanical sells and services plumbing heating and air conditioning

  Management desires an ending finished goods inventory in

1.use the following data for msp company to prepare a production budget for the fourth quarter of

  Journalizing partnership formation

Angela Moss and Autumn Barber organize a partnership on January 1. Moss's intial net investment is 75,000 consisting of cash 17,500, equipment 82,500 and note payable reflecting a bank loan for a new business 25,000. Barber's initial investment is..

  Prepare the journal entry to record the hale companys

withholdings from the employees salaries include fica ss taxes at a rate of 6.2 fica medicare taxes at a rate of 1.45

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