Compute conversion cost per equivalent unit for April

Assignment Help Accounting Basics
Reference no: EM132740837

Question - The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows:

April 1, work in process: Materials cost, 3,000 units $7,000 Conversion costs, 3,000 units, 80% completed 5,500 Materials added during April, 10,000 units 26,300 Conversion costs during April 31,700 Goods finished during April, 11,500 units 0 April 30 work in process, 1,500 units, 60% completed 0

All direct materials are placed in process at the beginning of the process and the average cost method is used to cost inventories.

Required - Compute conversion cost per equivalent unit (to the nearest cent) for April?

Reference no: EM132740837

Questions Cloud

Prepare the journal entries to record the replacement : On 1 January 2020, BNB purchased a new equipment, Prepare the journal entries to record the replacement and depreciation of the equipment on 1 January 2020
What is Roger margin of safety in units : Roger Corp. planned to sell 22,600 products. Total fixed costs were expected to be $12,143,000. What is Roger margin of safety in units
How do calculate the amount of the loss recorded on the sale : Calculate the amount of the loss recorded on the sale. The machine was assigned a residual value of $6,230 and an expected life
Record the lease agreement and the initial lease payments : Record the lease agreement and the initial lease payments received. Assume that the lessor's carrying value of the equipment was $61,000.
Compute conversion cost per equivalent unit for April : April 1, work in process: Materials cost, 3,000 units $7,000 Conversion costs, 3,000 units, Compute conversion cost per equivalent unit for April
What is the net present value of the best-case scenario : An after-tax cash inflow of $35,000. The tax rate is 21% and the discount rate is 14%. What is the net present value of the best-case scenario?
Compute the Tine share of the income : Tine is allowed a salary allowance of $15,000. If the partnership has net income of $30,000 for 2017, compute the Tine's share of the income
Compute minimum transfer price that freberg should accept : Freberg Company, a division of Dudge Cars, produces automotive batteries. Compute the minimum transfer price that Freberg should accept.
Evaluate amount of net cash flow from operating activities : Purchased $600 of supplies on account. Evaluate the amount of net cash flow from operating activities on Pepper's 2012 Statement of Cash Flows would be

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the flexible budget amount for direct labor

The New York Company produces high-quality chairs. Production for July totaled 3,000 units. Calculate the flexible budget amount for direct labor for July

  Kirby airlines is a small airline that occasionally carries

kirby airlines is a small airline that occasionally carries overload shipment for the overnight delivery company

  Difference between cash flow from operations and earnings

Should a firm that has higher free cash flows have a higher value? What explains the difference between cash flow from operations and earnings

  Determine and find what is the degree of financial leverage

Find what is the degree of financial leverage if the interest expense is P2,000 and preference dividends declared is P1,500. Tax rate is 30%.

  Prepare a vertical analysis of income statement

Prepare a vertical analysis of the 2017 income statement data for Farris Company and Ratzlaff Company in columnar form

  What would be likely result of management analysis of report

santo Company budgeted selling expenses of $30000 in January, $37000 in February, and $45000 in March. Actual Selling expenses were $31000 in January, $35500 in February and $53000 in March.

  What is the cost of the air fryers recognised

What is the cost of the air fryers recognised in the income statement? Assume the weighted average method of costing is used

  What is the issue price of the bond

Seaside issues a bond with a stated interest rate of 10%, face value of $50,000, and due in 5 years. What is the issue price of the bond

  What is Osprey Corporation basis in the property

What is Osprey Corporation's basis in the property transferred by Alice and Jane? How does Osprey treat the value of the services that Jane renders

  What percent of sales would your IMC expenditures represent

If your competitor expects to increase their IMC spending by 10% and you match this spending, what percent of sales would your IMC expenditures represent

  What is the amount of the cash paid to suppliers

If a company's Cost of goods sold is $160,200 for the period, what is the amount of the cash paid to suppliers

  Which groups of variables are all direct variables

Which of the following groups of variables are all direct variables? Which of the following systems gathers data from multiple sources and assists in providing structure to the data?

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