What is the cost per equivalent unit for transferred-in cost

Assignment Help Financial Accounting
Reference no: EM13793765

The Mixing Department is the third department in the MZS Inc. factory. During January, there were 4,000 units of beginning inventory in the Mixing Department, and 80,000 units were transferred in from the prior process. There were 8,000 units in ending inventory. The transferred-in cost in the beginning inventory was $170,000 and there was $600,000 in transferred-in cost during the month.

What is the cost per equivalent unit for transferred-in cost?

Reference no: EM13793765

Questions Cloud

What sales revenue is needed to break-even : Alfred Corp has a selling price of $25 per unit, variable costs of $20 per unit, and fixed costs of $25,000. What sales revenue is needed to break-even?
The standard sales discount for bellwether garden supply : When you want to create an invoice without inventory items, use the following form: Cash paid to a creditor would be reported in the statement of cash flows under the: Business managers and owners, depend on financial statements because: The standard..
Important to select the appropriate criteria for strategic : These are discussion questions: 1) Your text explains why it is important to select the appropriate criteria for strategic planning. Part of this process is establishing metrics to measure the progressive success of the strategic plan. Choose and dis..
Customers icon on the customers and sales center allows : The Balance Sheet will report a company's financial position: The Income Statement's net income or (net loss) is also shown on the: The Customers icon on the Customers & Sales center allows you to: The order of activities on the statement of cash flo..
What is the cost per equivalent unit for transferred-in cost : The Mixing Department is the third department in the MZS Inc. factory. During January, there were 4,000 units of beginning inventory in the Mixing Department, and 80,000 units were transferred in from the prior process. There were 8,000 units in endi..
Cash flows from operating activities section would include : If a customer was overcharged for the services, the customer's invoice can be reduced by posting a: On the statement of cash flows, the cash flows from operating activities section would include: The Statement of Cash Flows answers all of the followi..
Variable costs associated with manufacturing : John Boyd Corporation manufactures and sells 1,000 tractors each month. The primary component in each tractor is the motor. John Boyd has the monthly capacity to produce 1,300 motors. Assuming John Boyd wants to earn a pretax profit of $10,000 on thi..
Budgeted purchases of direct materials amounted : The following information is from the manufacturing budget and budgeted financial statements of Altman Corp.: Refer to the information above. For the year, budgeted purchases of direct materials amounted to:
Prepare entries on books of rattle on lease inception date : On January 1, 2015, Rattle, Inc. leased an asset to RottPei, Inc. for a six-year period. Rattle paid $180,000 for the asset. The fair market value of the asset at the lease inception date was $250,000. RottPei is to pay Rattle $46,909 at lease incept..

Reviews

Write a Review

Financial Accounting Questions & Answers

  How formatting operating activities by the indirect method

A. Karev had no noncash investing and financing transactions during 2008. During the year, A. Karev made no sales of land or equipment, no issuance of notes payable, no retirement of stock, and no treasury stock transactions.

  How does bens age affect his decision to get an mba

How does Ben's age affect his decision to get an MBA and what other, perhaps nonquantifiable factors affect Ben's decision to get an MBA?

  Difference between positive and normative economics

Find the difference between positive and normative economics? Which is more prevalent in today's economics? Why?

  Prepare entries to account for a cash flow hedge involving

Prepare entries to account for a cash flow hedge involving an option. Industrial Plating Corporation coats manufactured parts with a variety of coatings such as Te?on, gold, and silver. The company intends to purchase 100,000 troy ounces of silver in..

  What does it mean for liability

What does it mean for liability on a negotiable instrument to be secondary liability and Under what doctrine should a party who is aware that an instrument is overdue take that instrument and acquire the rights of a holder in due course

  Computing the operating income under variable costing and

computing the operating income under variable costing and absorption costing method.below is presented information

  Multiple choice questions related to investors and

multiple choice questions related to investors and expenses.1.nbspdebt securities sold to investors that must be repaid

  The net present value of the investment in the machine is

The Sanchaz Corporation is considering the purchase of a new machine that will cost the company $24,000 and will be worth nothing at the end of three years. Their current tax rate is 20% and they will depreciate the machine $8,000 each year for three..

  On 30th june 2001 cole inc exchanged 3000 shares of stone

on 30th june 2001 cole inc. exchanged 3000 shares of stone corp. 30 par value common stock for a patent owned by gore

  Compare and contrast the consumer price index

Compare and contrast the consumer price index (CPI) and the gross domestic product (GDP) price index regarding their viability in tracking the current health of the economy.

  Direct write-off method to account for uncollectible account

The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $78,000; Credit Sales $810,000; and Sales Returns and Allowances $40,000. If Wainwright uses the direct write-off method to account for uncollectible accounts, ..

  Calculate the goodwill or bargain purchase gain

Calculate the goodwill or bargain purchase gain arising on the acquisition of Gamelands and prepare the consolidated statement of comprehensive income

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