Calculate the cost per equivalent unit for direct materials

Assignment Help Accounting Basics
Reference no: EM131716214

Question - Callahan Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 280 units in process that were 90% complete, received 1,480 units from the Finishing Department, and had 180units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 40% complete with respect to conversion costs. During the month 1,580units were completed and transferred out. The department incurred the following costs:


Beginning WIP Added this month Total
Transferred In $800 $13,100 $13,900
Direct Materials 100 2,900 3,000
Conversion Costs 700 6,490 7,190
Total $1,600 $22,490

$24,090

The cost per equivalent unit for direct materials is (Round your answer to two decimal places.)

A.$ 1.90

B.$ 13.69

C.$ 1.70

D.$ 7.90

Reference no: EM131716214

Questions Cloud

Describe the patients personal and medical history : Reflect on a Pregnant patient who presented with a Gastrointestinal disorder - Describe the patients personal and medical history
Create a python file called analysis : Problem 1 (Text Analysis) create a Python file called analysis.py that will perform text analysis on files.
Determine that boxplot find all the outliers : For the values 1, 2, 3, 4, 5, 6, 7, 8, 9, and 10 there are no outliers. If you increase 10 to 20, then 20 would be declared an outlier by a boxplot.
Examine principal way in which leadership of ncaa contribute : Examine the principal ways in which the leadership of the NCAA contributed to the ethical violations of Penn State, Ohio State, and the University of Arkansas.
Calculate the cost per equivalent unit for direct materials : Callahan Company uses the weighted-average method in its process costing system. The cost per equivalent unit for direct materials is
Convert between temperatures in fahrenheit : Write a Python application that allows the user to convert between temperatures in fahrenheit and temperatures in celsius.
Write a persuasive paper on your perspective of the case : Write a persuasive paper on your perspective of the given case study.You will tell me why you agree or disagree with the outcome.
What amount will be transferred out : Brevard Company uses the weighted-average method in its process costing system. Of the $ 4,000 total costs for direct materials, what amount will be transferred
Legalization of drugs would benefit the economy : Legalization of drugs would benefit the economy - You have a start to your outline. You need to provide details/specifics.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Janes corporation recorded operating data for its cheap

janes corporation recorded operating data for its cheap division for the year. janes requires its return to be 10.sales

  Current distribution or liquidating distribution

partnership interest when he receives a $10,000 cash distribution. The partnership plans to distribute $10,000 each month this year, and Javier will cease to be a partner after December payment. Is the January payment to Javier a current distribution..

  Approach to modeling multicomponent transport

In Kerkhof and Geboers, (2005)7 , the authors presented a new approach to modeling multicomponent transport that is purported to yield more accurate predictions than previously available models.

  The effect on the balance sheet

What would be the effect on the balance sheet if adjustments (b) and (e) were omitted at the end of the year? Enter all amounts as positive numbers.

  Budgeted income statement for the month

The Bruning Company has the following budgeted income statement for the month of May 2014. Sales (40,000 units) $2,000,000 Cost of goods sold: Direct materials $300,000

  What is the beginning inventory of chemicals

Each drum requires 6 gallons of chemicals and one plastic drum

  Demmert manufacturing incurred the following expenditures

demmert manufacturing incurred the following expenditures during the current fiscal year annual maintenance on its

  Taxable income using the cash method of accounting.

Related Party Transactions. Sally is an attorney who computes her taxable income using the cash method of accounting.

  Prepare the journal entry for each transaction listed above

ABC Inc. was incorporated on 1/15/12. Their corporate charter authorized the following capital stock: Prepare journal entry for each transaction listed above

  Comparison of the statement with the cash account

On May 31, 2011, James Logan Company had a cash balance per books of $6,602.94. The bank statement from Farmers State Bank on that date showed a balance of $6,375.10. A comparison of the statement with the cash account revealed the following facts..

  Overhead is applied on the basis of standard machine hours

hmanufacturing corporation accumulates the following data relative to jobs started and finished during the month of

  21 760000 20x2 1250000 20x3 0 20x4 3020000 20x5

john dear co. is a heavy equipment and lawn care products manufacturer located in illinois. john dear is publicly owned

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