Solution-What are total equivalent units of production for

What are total equivalent units of production for materils

Assignment Help Managerial Accounting

Reference no: EM133065313

Question - During NOVEMBER, the following activities and cost flows were recorded for the first production department of a company that uses the FIFO method for its product costing purpose:

All materials are added at the beginning of the process and conversion cost are added evenly during the process.

Beginning WIP had 800 units, 60% complete with respect to conversion. Cost in the beginning WIP included material cost of $5600 and conversion cost of $2210.

During November, 9,200 units were started in process. Costs added during the period were materials, $67,160; and conversion, $41,490.

At the end of November, total 9,500 units were completed and transferred-out to the next department. The remaining ending WIP was 40% complete with respect to conversion.

What are the total equivalent units of production for materials and for conversion?

A) Materials: 10,000; Conversion; 9380

B) Materials: 9,600; Conversion; 9,680

C) Materials: 9,200; Conversion; 9,220

D) Materials: 8700; Conversion; 9,320

Reference no: EM133065313

Questions Cloud

Demonstrate the characteristics of oligopoly : 1. In what ways does the soft drink industry demonstrate the characteristics of Oligopoly?

The international monetary fund : The International Monetary Fund (IMF) has had its supporters and detractors. how the bailout or lack of bailout would impact the global economy

What price should you pay for Revive Consulting Limited : What price should you pay for Revive Consulting Limited if the after-tax cash flows are expected to grow at an annual rate of 5% for the first two years

Review the resume and make your decision : Review the resume and make your decision. Make sure you can support your reasons for hiring or not hiring the applicant

What are total equivalent units of production for materils : During November, 9,200 units were started in process. What are the total equivalent units of production for materials and for conversion

Project management industry faces : One of the biggest issues that the project management industry faces is that many projects come in late.

What is the cost-per-equivalent unit : Beginning WIP had 800 units, 60% complete with respect to conversion. What is the cost-per-equivalent unit

Types of job functions are suitable for telecommuters : What types of job functions are suitable for telecommuters? What are some methods that employers use to monitor their employees?

What is the project operating cash flow for the first year : The company has a 25% tax rate, and its WACC is 12%. What is the project's operating cash flow for the first year (t = 1)

User Account

All Pages

What are total equivalent units of production for materils

Reference no: EM133065313

Reference no: EM133065313

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT