Acompany uses a process cost accounting system its sewing

Assignment Help Accounting Basics
Reference no: EM13605251

A company uses a process cost accounting system. Its Sewing Department completed and transferred out 120,000 units during the current period. The ending inventory in the Sewing Department consists of 40,000 units (20% complete with respect to direct materials and 60% complete with respect to direct labor). Overhead is applied on the basis of direct labor. Determine the equivalent units of production for the Sewing Department for direct materials, direct labor and overhead assuming the weighted average method.

Reference no: EM13605251

Questions Cloud

A squirrel is resting in a tall tree when it slips from a : a squirrel is resting in a tall tree when it slips from a branch that is 48 m above the ground. it is a very agile
Borrowed 90000 march 1 2010 amt plus accrued int at 12 : borrowed 90000 march 1 2010. amt plus accrued int at 12 compounded semiannually is to be repaid march 1 2020. to retire
Thirty eight percent of young adults say they use credit : 1. thirty eight percent of young adults say they use credit cards because of the rewards program. seven young adults
If the cloud is holding this maximum charge what is the : consider the earth and a cloud layer 825 m above the earth to be the plates of a parallel-plate capacitor. if the cloud
Acompany uses a process cost accounting system its sewing : a company uses a process cost accounting system. its sewing department completed and transferred out 120000 units
An investor purchased at par value 75000 of corts 8 bonds : an investor purchased at par value 75000 of corts 8 bonds that mature in three-years. the bonds pay interest
What is the minimum number of years you must wait to double : you deposit 10000 in a savings account that earns 7.5 simple interest per year. what is the minimum number of years you
The rampr companys production costs for august are direct : the rampr companys production costs for august are direct labor 13000 indirect labor 6500 direct materials 15000
If one unit of product x used 250 of direct materials and : if one unit of product x used 2.50 of direct materials and 3.00 of direct labor sold for 8.00 and was assigned overhead

Reviews

Write a Review

Accounting Basics Questions & Answers

  Question-mark trucks limited

Mark Trucks Limited has some idle capacity in its plant, which is restored by accepting order from other automobiles industries. The company has finished assembly of150 trucks against special order N, 13A from Western Motors Limited.

  Materials purchase price variance

Matt Company uses a standard cost system. Information for raw materials for Product RBI for the month of October follows:

  Capwell corporation uses a periodic inventory system the

capwell corporation uses a periodic inventory system. the companys ending inventory on december 31 2013 its fiscal-year

  Net sales 400000 net income before income tax 25000 income

net sales 400000 net income before income tax 25000 income tax expense 3750 net income after income tax 21250 total

  Mimi company is considering a capital investment of 240000

mimi company is considering a capital investment of 240000 in new equipment. the equipment is expected to have a 5-year

  What is the learning-curve percentage

What is the time for a new employee to build 16 units with this learning curve using the cumulative average-time method? You may use an index of -0.1520.

  Martin amp associates borrowed 5000 on april 1 2013 at 8

martin amp associates borrowed 5000 on april 1 2013 at 8 interest with both principal and interest due on march 31

  Required total production-cost of purchases

Compute the company's total required production in units of finished product for the entire three month period ending September 30. (Do not round intermediate calculations. Round your final answer to the nearest unit.)

  What is the basis of the machine for cost recovery

On June 1 of the current year, Tab converted a machine to rental property. At the time of the conversion, the machine was worth $90,000. Five years ago Tab purchased the machine for $120,000. The machine is still encumbered by a $50,000 mortgage. ..

  Master grill sells free-standing gas grills plus

master grill sells free-standing gas grills plus installation to a customers gas line for a total price of 700. the

  Barrett fashion forecasts sales problem

Barrett's fashion forecasts sales of 125,000 for the quarter ended december 31 Its gross profit reate is 20% of sales and its september 30inventory is 32,500 If the december 31 inventory is targeted at 41,500 budgeted purchases for the fourth quar..

  Volker inc issued 2500000 of convertible 10-year bonds on

volker inc. issued 2500000 of convertible 10-year bonds on july 1 2010. the bonds provide for 12 interest payable

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