Reference no: EM131292052
ABC Company has a three-stage production cycle. The following data are available for the cutting department for November:
Work in process inventory, November 1
(40% complete).............................. 30,000 units
Started in November.......................... 75,000 units
Work in process inventory, November 30
(50% complete).............................. 20,000 units
Materials are added at the beginning of the process in the cutting department. What are the equivalent units under the average cost procedure for both materials and conversion?
A. Materials: 105,000 units; Conversion: 95,000 units
B. Materials: 93,000 units; Conversion: 83,000 units
C. Materials: 95,000 units; Conversion: 93,000 units
D. Materials: 75,000 units; Conversion: 93,000 units
|
Determine range of operating volume that will make option
: Sandstone Corporation has one of its manufacturing plants operating on a single shift five-day week. The plant is operation at its full capacity (24,000 units of output per week) without the use of overtime or extra shifts. Fixed costs for single-shi..
|
|
Wholesale distributor of premium european chocolates
: Minden Company is a wholesale distributor of premium European chocolates. The company’s balance sheet as of April 30 is given below: The company is in the process of preparing a budget for May and has assembled the following data: a. Sales are budget..
|
|
Use high-low method to determine fixed costs for product
: Use the high/low method to determine the fixed costs for a product, which has high and low mixed product costs as follows: 50,000 units produced at a cost of $36,000 and 80,000 units produced at a cost of $48,000.
|
|
The balance in income summary
: The balance in Income Summary: A company using process costing completed and transferred 8,000 units of a product to finished goods. In addition to the transferred units, 4,000 additional units were in process 40% complete when the period ended. In c..
|
|
Average cost procedure for both materials and conversion
: ABC Company has a three-stage production cycle. The following data are available for the cutting department for November: Materials are added at the beginning of the process in the cutting department. What are the equivalent units under the average c..
|
|
Calculate the cost per equivalent unit for conversion
: In the cutting department of Chess Company, conversion costs are added uniformly throughout the process. With the information given below, calculate the cost per equivalent unit for conversion using the average cost procedure.
|
|
Calculate basic-diluted earnings per common share for year
: At January 1, 2016, Canaday Corporation had outstanding the following securities: 610 million common shares 25 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,500 million face amount, convertible into 60 million common shares..
|
|
The average cost method for both materials and conversion
: New Apex Company has a three-stage production cycle. The following data are available for the cutting department for June: Materials are added at the beginning of the process in the cutting department. What are the equivalent units under the average ..
|
|
Manufacturing plants operating on single shift five-day week
: Sandstone Corporation has one of its manufacturing plants operating on a single shift five-day week. The plant is operation at its full capacity (24,000 units of output per week) without the use of overtime or extra shifts. Operate a second shift. Th..
|