White star flour company manufactures flour by a series of

Assignment Help Accounting Basics
Reference no: EM13581892

White Star Flour Company manufactures flour by a series of three processes, beginning with wheat grain being introduced in the Milling Department. From the Milling Department, the materials pass through the Sifting and Packaging departments, emerging as packaged refined flour. The balance in the account Work in Process Sifting Department was as follows on May 1, 2012: Work in Process- Sifting Department (800 units, 3/5 complete) Direct Materials (800 x 3/5 x $0.65) $1,800 Conversion (800 x 3/5 x $0.65) $312 $2,112 The following costs were charged to Work in Process Sifting Department during May: Direct Materials transferred from Milling Department 14,200 units at $2.35 a unit $33,370 Direct Labor $6,100 Factory Overhead $3,924 During May, 14,000 units of flour were completed. Work in Process Sifting Department on May 31 was 1,000 units, 4/5 completed.

1.Prepare a cost of production report for the Sifting Department for May. If an amount is zero, enter 0. If required, round your cost per equivalent unit answers to nearest cent.

Reference no: EM13581892

Questions Cloud

Obtain financial statements of two banks many are online : obtain financial statements of two banks many are online. calculate the following ratiosborrowed funds to total
Following is a recent microsoft press releasewashu2014march : following is a recent microsoft press releasewash.u2014march 15 2011u2014 microsoft corp. today announced that its
What is the probability that the faulty component will be : question 1 the temperature in jihlava follows a normal distribution with mean 50 degrees and standard deviation 10
Stanislaw timber company owns 9000 acres of timberland : stanislaw timber company owns 9000 acres of timberland purchased in 2003 at a cost of 1890 per acre. at the time of
White star flour company manufactures flour by a series of : white star flour company manufactures flour by a series of three processes beginning with wheat grain being introduced
Draw a principal-ray diagram showing the formation of the : an object 9mm tall is placed 12cm to the left of the vertex of a convex spherical mirror whose radius of curvature has
Youre an astrononomer studying the origin of the solar : youre an astrononomer studying the origin of the solar system and youre evaluationg a hypothesis that sufficiently
Because of the rising crime rate and the nations tougher : because of the rising crime rate and the nations tougher stance on crime many states have enacted legislation that
Pack amp carry is debating whether to invest in new : pack amp carry is debating whether to invest in new equipment to manufacture a line of high-quality luggage.the new

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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