Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem
Larsen Company manufactures car seats in its Riyadh plant. Each car seat passes through the assembly department and the testing department. Management want to focus on the assembly department. The process-costing system at Larsen Company has a single direct-cost category (direct material) and single a single indirect-cost (conversion cost). Direct materials are added the beginning of the process. Conversion costs are added evenly during the process. When the assembly department finishes work on each car seat, the seat is immediately transferred to testing.
Larsen Company uses the Weighted-Average method of process costing. Data for the Assemble Department for October 2012 are as follows:
Physical Units (Car seats)
Direct Materials
Conversion Costs
Work in Process, October 1, 2012 (a)
5,000
$1,250,000
$402,750
Started during October 2012
20,000
Completed During October 2012
22,500
Work in Process, October 31, 2012 (b)
2,500
Total costs added during October 2012
$4,500,000
$2,337,500
a Degree of completion: Direct materials, ?%, Conversion costs, 60%b Degree of completion: Direct materials, ?%, Conversion costs, 70%
Required:
1. Calculate the equivalent units for Direct Materials and Conversion Costs.
2. For Direct Materials and Conversion Costs summarize the total Assembly Department Costs for October 2012 and calculate the Cost Per Equivalent Units.
3. Assign total costs to the units completed and transferred out and to units in ending Work in Process.
The new management of YC Inc. has increased the amount of their year-end liability-expense accruals by over 35% compared to recent years, primarily in recording estimated future warranty expenses. The most likely reason for this action is to:
Assuming that Gray is 52 years old, determine the monthly premium that Gray must include in income as a result of receiving the group-term life benefit
The internal auditors are frequently asked by the company's general accounting department to make accounting entries for complex transactions
Generally, companies follow one of two broad strategies: offering a quality product at a low price, or offering a unique product or service priced higher than the competition. Assume you are opening a small food outlet across the street from your cam..
Bill contributes property (adjusted basis of $60,000; fair market value of $80,000) in exchange for his partnership interest. Which of the following statements is true concerning the income tax results of this partnership formation?
Describe the revenue or payroll cycle at your organization? What source documentation is used in the revenue and payroll cycles at your organization? - answer 150-200 words.
mclinden corp. is considering financing 10000000 of its upcoming operations by issuing equity and bonds. mclinden is
which of the following trade or business expenditures of ajax inc. are deductible on its current year tax return? if an
Claude Chabot Bicycle, a small bicycle retailer located in Cookshire, was created 25 years ago by Mr. Chabot, a keen cyclist who wanted to offer both high-grade and low-grade bicycles in his home town. Mr. Chabot has a bachelor degree in sport stu..
entries for bond transactions on january 1 2012 osborn company sold 12 bonds having a maturity value of 800000 for
The company has 25,000 shares outstanding. What is the estimate of price per share using the dividend
the acctual cash recieved from cash sales was 11279 and the amount indicated by the cash register total was 11256 what
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd