What is the cost per equivalent unit for August

Assignment Help Managerial Accounting
Reference no: EM132871391

Problem -

Assume that there were 16,000 units started in August. How many units were in BWIP for August?

For August, there were 17,000 equivalent units produced. Costs in BWIP were $4,000, and costs added for August were $30,000. What is the cost per equivalent unit for August?

For BWIP, the cost of materials is $10,000; the conversion cost is $40,000. Costs added during December are $20,000 for materials and $80,000 for conversion. What is the cost per unit if the department has 20,000 equivalent units of materials and 40,000 units of conversion costs?

Reference no: EM132871391

Questions Cloud

Why has the US resisted adopting such a system : The US is the only exception. In your opinion, why has the US resisted adopting such a system, and should we? Why or why not?
Effective leadership can transform organization : Effective leadership can transform an organization and create a positive environment for all stakeholders.
Prepare a physical flow schedule : EWIP, February 28: 50,000 pounds, 60% complete with respect to conversion costs. Prepare a physical flow schedule
Explain what types of panic do the hysteria at the school : Explain what types of panic do the hysteria at the school, the rush to evacuate, the fear of the parents, and the rioting downtown fall into? Why?
What is the cost per equivalent unit for August : Costs in BWIP were $4,000, and costs added for August were $30,000. What is the cost per equivalent unit for August
Explain the importance of public opinion : How the relationship between the mainstream media and the government has evolved since the 1970s and explain why the relationship has evolved
How many units were completed and transferred out : Suppose that for August the total units to account for are 20,000 and that there are 5,000 units in EWIP, 40% complete. How many units were completed
Prepare the journal entry : A company has two processing departments: drilling and finishing. Prepare the journal entry that transfers $16,000 of manufacturing cost
How the police culture obstructs officers in dealing : List the three major areas of stress for law enforcement and/or correctional officers. How the police culture obstructs officers in dealing

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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