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?
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
|