Completion percentage for wip

Reference no: EM1310606

Assume each finished unit we produce requires the following two direct materials:

1. 500 pounds of direct material A at a total cost of $400 for this material

2. 500 pounds of direct material B at a total cost of $600 for this material

No other direct materials are required. In reviewing WIP at the end of the period, ALL of direct material A has been added and NONE of direct material B has been added.

Question:

What is the overall completion percentage for WIP as to direct materials at the end of the period?

Reference no: EM1310606

Questions Cloud

Sternberg memory-scanning paradigm : Consider the given modified version of Sternberg memory-scanning paradigm.

Show whether each variance is favorable or unfavorable : Show whether each variance is favorable (F) or unfavorable (U) - Evaluate of Variable-overhead spending variance and the variable-overhead efficiency variance

Marketing role at each phase of economic development : Consider the role played by marketing at each phase of economic development.

Load the file into the parallel arrays : Load the file into the parallel arrays and show the list of customers` names and phone numbers in the alphabetical order.

Completion percentage for wip : What is the overall completion percentage for the WIP as to direct materials at the end of period?

Computing tax incidences for seller and buyer : Compute deadweight loss from this $1 per unit tax and how much tax revenue government will get from tax. In determining tax incidence burden, compute tax incidences for both seller and buyer and sketch graph.

Observation techniques in the aide : Which one of the given observation methods is the aide using?

How did you choose the best cost driver : Which variable do you believe is the best selection for a cost driver? How did you choose the best cost driver?

Connection with consolidation of assest : What worksheet entries are needed in connection with the consolidation of this asset? Assume that the parent applies the partial equity method.

User Account

All Pages