What was the total costs of lost units

Assignment Help Cost Accounting
Reference no: EM132741830

Problem 1: AEE Company manufactures a product that passes in four departments in a continuous process. Department C had no beginning work in process and transferred in 36,000 units from Department B, each with equivalent unit cost of ?6.25. In Department C, unit costs for materials, labor and applied overhead are ?4.00, ?3.00 and ?3.875, respectively. Direct materials in Department C are added at the beginning of the process. Department C had 9,600 units in the ending work in process which are 65% completeee as to conversion costs. If 1,240 units were lost in Department C at AEE's inspection point where conversion costs were 45% complete, what was the total costs of lost units?

A. ? 8,796.25

b. ?11,325.22

C.?13,818.25

D. ?16,546.25

Reference no: EM132741830

Questions Cloud

Which a subunit that has responsibility for controlling cost : Which a subunit that has responsibility for controlling costs, but does not have responsibility for generating revenue is a(n)? investment center.
Find the firm intrinsic value per share to nearest dollar : He estimates the firm cost of equity is 18% and its return on equity is a constant 8%. Find the firm intrinsic value per share to nearest dollar
What is the equivalent units for november : Lost units are detected at the end of the process. Using the average method, what is the equivalent units for November with respect to conversion costs?
Develop effective relationship marketing : To develop effective relationship marketing, a company must first understand its targeted consumers' buying influences and behaviors.
What was the total costs of lost units : If 1,240 units were lost in Department C at AEE's inspection point where conversion costs were 45% complete, what was the total costs of lost units?
What selden will record : What Selden will record? Selden Co. purchases a factory and pays $5,000,000 cash and uses the factory to produce microchips
Compute the breakeven sales in units : The average fixed expense per month is OMR 900. An average of 20,000 cups are sold each month. Compute the breakeven sales in units (cups)
What number of periods and rate per compounding period : What number of periods and rate per compounding period would you use from the Tables if provided with 12% per annum, for 5 years, compounded annually
Supply chain management is integration of activities : Supply chain management is the integration of activities that procure materials and services, transform them into intermediate goods and final products

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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