What is the total cost of the departments ending work

Assignment Help Financial Management
Reference no: EM132380336

Question

Last month, Vern's Assembly Department had a unit materials cost of $4.00 and a unit conversion cost of $5.00. The department transferred out 68,000 units during the month and had 12,000 units in ending work in process inventory that were 40% complete with respect to conversion at the end of the month. If all materials are added at the beginning of the process and conversion costs are added uniformly throughout the process, what is the total cost of the department's ending work in process inventory?

Reference no: EM132380336

Questions Cloud

Explain the relationship in terms of cause and effect : Describe the situation, putting both the personal problem and the larger social issue in boldface. Explain the relationship in terms of cause and effect.
How would you prepare a general journal entry for franks : Merchandise was returned to a supplier. The goods were previously purchased on account. The goods had not been paid for and there were no discounts.
How much is the gross profit margin : Merchandise is sold on account on January 16, terms 2/10, n/30, and recorded by debiting Accounts Receivable and crediting Sales for $2,000.
Discuss the ethical stakeholder conflict : Discuss the ethical stakeholder conflict and present a plan of action for the director. Incorporate concepts from the required reading, the case study,
What is the total cost of the departments ending work : If all materials are added at the beginning of the process and conversion costs are added uniformly throughout the process, what is total cost of departments.
MBA401 People-Culture and Contemporary Leadership Assignment : MBA401 People, Culture and Contemporary Leadership Assignment help and solution, Kaplan Business School, Assessment help - Create an individual journal
Grandparents experience different conflict or strain : What are some of your ascribed, achieved, and master statuses? Did your parents or grandparents experience different conflict or strain than you?
Could juan have removed himself from his situation : Although the central character of this story worked in public accounting, please refer to the IMA Statement of Ethical Professional Practice?
The amount of uncollectible accounts expense recognized : On January 1, year 2, Kincaid Companies accounts receivable and the allowance for doubtful accounts carry balances of $68,200 and $2,300, respectively.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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