Reference no: EM131661791
Question - James Company uses process costing to track its costs in two sequential production departments: Forming and Finishing. The following information is provided regarding the Forming Department:
Forming Department Month Ended June 30
Unit information
Beginning work in process, June 1 --- 4,000
Started into production during June --- 22,000
Completed and transferred to Finished Department during June --- 20,000
Ending work in process, June 30 (20% complete as to direct materials and 50% complete as to conversion costs) --- 6,000
Cost information:
Beginning work in process as of June 1 consists of $1,000 of direct materials costs and $4,500 of conversion costs --- $5,500
Direct materials used in June --- $7,268
Conversion costs incurred in June --- $32,990
Required:
(a) Calculate the equivalent units for direct materials. (Show your work)
(b) Calculate the cost per equivalent unit for direct materials. (Show your work)
Significant ethical issues that ikea has faced recently
: What are the most significant ethical issues that IKEA has faced recently? How has the company addressed them? IKEA is noted as Swedish giant retailer of home.
|
How will you be addressed by physicians and non-physicians
: Describe why you have pursued the DNP degree and what changes in your professional stance will change as a result of obtaining the degree
|
Implement a simple date class and solve the problem
: Implement a simple Date class. You should be able to represent any date from January 1, 1800, to December 31, 2500; subtract two dates.
|
County and municipal levels of government
: Describe the relationship between the federal, state, county and municipal levels of government.
|
Calculate the equivalent units for direct materials
: James Company uses process costing to track its costs in two sequential production departments: Calculate the equivalent units for direct materials
|
Why is it important to have both validity and reliability
: What does the term reliability mean in testing and assessment?Why is it important to have both validity and reliability?
|
Disruptive technologies in business today
: Discuss why and how a company uses disruptive technologies in its business today
|
Justification for low interest rates
: The justification for low interest rates is no longer to save banks, but instead to goose the stock market as an indirect way to create jobs.
|
Solve problem related to the playing cards
: A PlayingCard represents a card used in games such as poker and black jack, and stores the suit value (hearts, diamonds, clubs, or spades) and the rank value.
|