Calculate for march 2019 the equivalent units of production

Assignment Help Financial Management
Reference no: EM132345181

Question

On May 21, 2019, Christine worked 4.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $14 per hour. Overhead is applied based on $26 per direct labor hour. Additionally, on May 21 Job A-1 requisitioned and entered into production $130 of direct material. On May 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on May 21? Round your answer to the closest whole dollar.

Bethesda Company's April 1, 2019 beginning work in process was 900 units. During April an additional 2,300 units were put into production. At the end of April all units were completed except for 575 units. Use this information to determine number of units completed.

On March 1, 2019, Baltimore Company's beginning work in process inventory had 6,500 units. This is its only production department. Beginning WIP units were 50% complete s to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 28,800 units were started and the ending WIP inventory had 7,800 units which were 30% complete s to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 20,000 units were started. At the end of the month all started units were 65% complete with respect to conversion. Direct Materials placed into production had a total cost of $450,000 and the total conversion cost for the month was $328,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March. (Round answer to the nearest cent.)

Reference no: EM132345181

Questions Cloud

Define objective methods of personality assessment : Define the term objective in objective methods of personality assessment. Summarize the features of objective methods of personality assessment.
Focuses on weaknesses rather than strengths : In your opinion, why do we live and work in a world that focuses on weaknesses rather than strengths?
Crime prevention through environmental design : Crime Prevention Through Environmental Design (CPTED) is defined as a multi-disciplinary approach to deterring criminal behavior through environmental design.
Is tailoring the business models : Select a business that that either already exists, or you would love to start, and support your thoughts - Show us why it is, or is not important to tailor
Calculate for march 2019 the equivalent units of production : On May 21, 2019, Christine worked 4.5 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $14 per hour.
What level of protection is needed for that facility : Choose a facility which could be a hospital, police station, college campus, etc. determine what level of protection is needed for that facility.
Describe the components and process of developing : Describe the components and process of developing a formal job description (Job Analysis, Performance Appraisal, Recruiting and Selecting Employees)
Why developmental perspective shifted to wellness pespective : Trace the roots of the evolution of the wellness perspective in the history of the counseling professions. In your answer, explain how and why the developmental
How much income should gaw recognize on this investment : Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment.

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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