The conversion cost per equivalent unit

Assignment Help Financial Accounting
Reference no: EM131255225

The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,200 Conversion costs, 3,000 units, 40% completed 6,000 Materials added during April, 10,000 units 25,000 Conversion costs during April 30,800 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 ? All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is

a. $2.48

b. $2.50

c. $5.25

d. $2.75

Reference no: EM131255225

Questions Cloud

What is interesting or helpful about this view : What's interesting or helpful about this view? What would I notice if I believed this view? In what sense or under what conditions might this idea be true?"
Create a detailed step system for completing legal research : Write a two to three (2-3) page paper in which you: Create a detailed three (3) step system for completing the legal research process. Explain the manner in which each step in the process would ensure thorough research in your legal assignments. Ju..
Break-even point in dollar sales using the equation method : Mauro Products distributes a single product, a woven basket whose selling price is $28 and whose variable expense is $22.12 per unit. The company’s monthly fixed expense is $16,464.  Solve for the company’s break-even point in unit sales using the eq..
How would you describe craig jelinek''s personality : Submit a 300- to 700-word paper which answers all of the following questions: How would you describe Craig Jelinek's personality? What terminal and instrumental values are likely to be especially important to him as a manager
The conversion cost per equivalent unit : The debits to Work in Process—Assembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,200 Conversion costs, 3,000 units,  The conversion cost per equivalent un..
Discuss the recommended action for each employee : Classify each team member into one of the four matrix areas. Discuss the recommended action for each employee depending on his/her classification
Initial cost basis and accumulated tax depreciation : Firm OCS sold business equipment with a $20,000 initial cost basis and $7,315 accumulated tax depreciation. In each of the following cases, compute OCS’s recaptured ordinary income and Section 1231 gain or loss on sale. (Leave no cell blank. Enter "0..
How prestige pricing could be used to increase profitability : Ponce company is concidering the production and sale of a new product with a fixed cost of $27000 and a variable cost of$5 per unit. Based on the normal profit margins ponse desires to earn $33000 profit, and beleives he can sell 6000 units of the pr..
Interest and penalties on the delinquent taxes : On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county estimated that 5 percent of the taxes levied would be uncollectible. As of April 30, 2018, the due date for all property ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Straight-line method and the units-of-output method

On January 3, 2013, the Soloman Toy Company purchased a machine for $24,000. The machine is expected to produce 200,000 units during its useful life of five years and have a salvage value of $2,000 at the end of that period. The machine produced 41,0..

  Calculating the direct materials price variance and the

calculating the direct materials price variance and the direct materials efficiency.the moore company manufactures and

  What are tax consequences to sheldon and hawk corporation

In the current year, Hawk Corporation redeems 75 shares of Sheldon’s stock for $75,000. Sheldon had acquired all of his shares 10 years ago at a cost of $100 per share. What are tax consequences to Sheldon and Hawk Corporation as a result of the s..

  Morten construction company provides construction

Morten Construction Company provides construction services for major projects. Managers at the company believe that construction is a people-management business,

  Calculate the return on equity from the dataselected

calculate the return on equity from the data.selected information for henry company is as follows.nbsp20062007common

  How much will nicholas be able to deduct for each ticket

the only way he could get tickets was by paying a scalper $160 for each ticket. Assuming that all other deductibility requirements are met, how much will Nicholas be able to deduct for each ticket?

  What is the cost of goods sold

What is the Cost of Goods Sold? What financial statement does it show up on? How does it relate to the “Matching Principle” in accounting?

  What is the hedged value of dow receivable

What alternatives are available to Dow to use currency options to hedge its receivable? Which option hedging strategy would you recommend?

  State effect of accelerated depreciation relative to line

State the effect of accelerated depreciation relative to straight-line depreciation on Depreciation expense in the first year and The asset's net book value after two years.

  Prepare a statement of cash receipts and disbursements

Prepare a statement of cash receipts and disbursements for April. Prepare an accrual basis income statement for April. Which statement best represents the results of operations for April?

  Is george able to recover his cost of the annuity

George purchased a life annuity to provide him monthly payments for as long as he lives. Based on IRS tables, George's life expectancy is 100 months.

  Prepare any necessary adjusting entries

Prepare an income statement for the year ended December 31, 2011, and a balance sheet as of December 31, 2011 and prepare all journal entries to record the information for 2012. Also prepare any necessary adjusting entries.

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