Analysis of physical flow of units

Assignment Help Accounting Basics
Reference no: EM131798956

Question - Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process.

Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing.

Information Needed:

Work in process, April 1-10,000 units:


Direct material: 100% complete, cost of

$22,000

Conversion: 20% complete, cost of

$4,500

Balance in work in process, April 1

$26,500

Units started during April

100,000

Units completed during April and transferred out to finished-goods inventory

80,000

Work in process, April 30:


Direct material: 100% complete


Conversion: 33 1 3 % complete


Costs incurred during April:


Direct material

$198,000

Conversion costs:


Direct labor

$52,800

Applied manufacturing overhead

105,600

Total conversion costs

$158,400

Required - Analysis of physical flow of units.

Reference no: EM131798956

Questions Cloud

Computation of unit costs : Moravia Company processes and packages cream cheese. Use the weighted-average method of process costing. Computation of unit costs
Compute the net profit margin for both james and tom : Compute the net profit margin for both James and Tom, Compare the profitability of these two firms, and discuss the similarities and differences.
Interaction between factor a and factor b : At the 1% significance level, can you conclude that there is interaction between factor A and factor B?
Examine the financial statements of cooper inc : The client accidently records a maintenance expense twice
Analysis of physical flow of units : Prepare schedules to accomplish each of the following process-costing steps for the month of April. Analysis of physical flow of units
Determining the four levels of factor : A randomized block design has four levels of factor A and three levels of factor B. Five replicates for each combination are examined.
Find the total depreciation over the first ten years : Depreciation the rate of depreciation of a building is given by D'(t) = 3000120 - t2 dollars per year, 0 = t = 20; see the figure.
Randomized block experiment : A researcher conducts a randomized block experiment with interaction and provides the following ANOVA table.
Calculation of equivalent units : Prepare schedules to accomplish each of the following process-costing steps for the month of April. Calculation of equivalent units

Reviews

Write a Review

Accounting Basics Questions & Answers

  What would be the cost to retailer

On the problems you just completed for me, how did you come up with the cost price to the retailer of $7.11? I understand the profit margin is 40% so wouldn't that mean that 9.95*.60=5.97 would be the cost to retailer?

  Improvements in the working capital accounts

Management also expects improvements in the working capital accounts.  The company's objective isto improve accounts receivable by eight days, and turn inventory around by 0.2turns faster. a) How much cashwill be generated from accounts receivable..

  What are the ethical issues involved

Who are the stakeholders in this situation? What are the ethical issues involved?

  Cash dividends of 60000 were paid in cashinvestments with a

the comparative balance sheet of nance company for the current year and the preceding year ended december 31 appears

  Identify and distinguish between the three types of it

Identify and distinguish between the three types of IT systems used in the sales process.

  Determine the dividends per share for preferred

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places

  You are the beneficiary of a trust fund established by your

you are the beneficiary of a trust fund established by your aunt. your aunt has given you two options to choose from

  Prepare journal entries to record the given transactions

Prepare journal entries to record above transactions, including the closing entries for net income and dividends declared mentioned in items 3 through 6 above.

  With the introduction of computer-generated animated films

with the introduction of computer-generated animated films cgi there has been much discussion of the impact on the

  The important dates in connection with a cash dividend

The important dates in connection with a cash dividend of $69,500 on a corporation’s common stock are May 3, June 17, and August 1. Journalize the entries required on each date.

  How much money must you set aside to meet the obligations

You wish to retire a $10,000,000 bond that can be called in 5 years for 110 percent of par value, or $11,000,000. You also need to make year-end interest.

  Realized gain on transaction

Alvin owned a building located in Kansas that he rented to a local business-Alvin built a new building at a cost of $400,000. What is Alvin’s realized gain (loss) on this transaction?

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