Calculate the cost per equivalent unit for labor

Assignment Help Managerial Accounting
Reference no: EM13935331

The balance in beginning Work in Process at Bing Rubber Company for direct labor was $140,000.During the month of March, an additional $700,000 of direct labor was incurred, and 30,000 pounds of rubber were produced. At the end of March, 10,000 pounds of rubber were in process and the units were 50 percent complete. At the start of March, the company had 6,000 pounds of rubber that were 40 percent complete.

Required:

Calculate the cost per equivalent unit for labor assuming that labor is added uniformly through- out the production process.

Reference no: EM13935331

Questions Cloud

Calculate the amount of material cost : Calculate the amount of material cost, labor cost, and overhead cost in beginning Work in Process inventory.
Describe how cookies can be used to store information : Describe how cookies can be used to store information on a computer and how the information can be retrieved by a PHP program. Assume that cookies are not disabled on the client.
Methods for collecting job analysis data : We discussed several methods for collecting job analysis data. Compare and contrast these methods.
Identify the main account or group of accounts : Identify and discuss why the above situation represents a risk. By applying auditing knowledge, identify the main account or group of accounts affected by this risk in the audit plan
Calculate the cost per equivalent unit for labor : Calculate the cost per equivalent unit for labor assuming that labor is added uniformly through- out the production process.
Determine the magnitude fs of the spring force : Determine the magnitude FS of the spring force and the magnitudes FA and FB of the bearing forces at A and B which are perpendicular to the hinge axis AB.
What the strategic approach to ob involves : What the strategic approach to OB involves? OB involves organizing and managing the people's knowledge and skills to implement the organization's strategy and gain a competitive advantage.  What is organizational behavior?  Why is it important for ma..
Program that uses repetition and switch structures to print : Write a program that uses repetition and switch structures to print the song "The Twelve Days of Christmas." One switch should be used the print the day (i.e., "First", "Second", "Third", etc.). and another switch structure should print the remain..
Types of information typically found in a job specification : Q1: Describe the types of information typically found in a job specification? Q2: Explain how you would conduct a job analysis?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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