Solution-Calculate the unit production for materials

Calculate the unit production for materials

Assignment Help Accounting Basics

Reference no: EM13861036

Problem: Polk Company manufactures basketballs. Materials are added at the beginning of the production process and conversion costs are incurred uniformly. Production and cost data for the month of July 2017 are as follows.

Production Data-Basketballs	Unit	Percent Complete
Work in process units, July 1	460	60%
Units started into production	1,220
Work in process units, July 31	540	40%

Cost Data-Basketballs
Work in process, July 1
Materials	$800
Conversion Costs	550	$1,350
Direct materials		3,000
Direct labor		1,630
Manufacturing overhead		1,270

Calculate the unit production for materials and conversion costs

Reference no: EM13861036

Questions Cloud

Illustrating how the motif might apply to one or two films : "No Way Out: Existential Motifs in the Film Noir" from 1976 (posted to BBL), Robert G. Porfirio defines "Existentialism" as "an outlook which begins with a disoriented individual facing a confused world that he cannot accept.

Commercial law often has to balance competing aims : 'Commercial law often has to balance competing aims. It is not possible to provide laws that are both certain and flexible and there is little doubt that English commercial law favours certainty over flexibility.' Discuss the validity of this stateme..

What are the points of view of the segments : What are the points of view of the segments? Are they objective or subjective? How do they demonstrate that point of view? Was there anything that was included that should not have been? What was omitted? (The answers to these questions will requi..

Compare and contrast the experiences of mike and mark : In a thread of 350-450 words compare and contrast the experiences of Mike (An African American Experience) and Mark (A White Experience)

Calculate the unit production for materials : Calculate the unit production for materials and conversion costs

Compare the channel capacity of the given two systems : Compare the channel capacity of these two systems. Which system has a larger capacity? You need to show the analytical capacity of each system to justify your answer.

Process of locating information using the message area : Explain the process of locating information using the Message area of the Practice Partner software

The new system will be a significant cost saver for vinous : Vinous Ltd is a winemaker. Mick, an employee of Vinous, has recently invented a new system of filtration. The system uses previously known chemical substances which have never been used in combination as a filtering agent. The new system will be a si..

Applying the concepts of the theory to her story : After you watch the Aileen Wuornos: Serial Killer video, choose a criminological theory (or two) that you think apply to her story and write 2-4 paragraphs applying the concepts of the theory (theories) to her story

User Account

All Pages

Calculate the unit production for materials

Reference no: EM13861036

Reference no: EM13861036

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT