Reference no: EM132500306
Equivalent Units of Production
The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production.
ACCOUNT Work in Process-Baking Department ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
March1 Bal., 8,700 units, 3/5 completed 31,320
31 Direct materials, 156,600 units 281,880 313,200
31 Direct labor 81,290 394,490
31 Factory overhead 45,718 440,208
31 Goods finished, 158,700 units 424,104 16,104
31Bal. ? units, 4/5 completed 16,104
Question a. Determine the number of units in work in process inventory at March 31.
Question b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
Law of diminishing marginal returns
: Both the law of diminishing marginal returns and economies of scale concepts are basically the same
|
Calculating overhead variances
: Calculating overhead variances. Mills, Inc. is a competitor of Murry, Inc. from Exercise E23-18. Mills also uses a standard cost system and provides
|
Optimum level of weed control
: If so, explain its effect, and determine whether the optimum level of weed control occurs when the individual invests in weed control.
|
Why do we claim that monopolists reduce output
: Why do we claim that monopolists reduce output to increase prices?
|
Compute equivalent units of production for direct materials
: Compute the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "0".
|
What kinds of learning have you acquired relate to the goals
: In other words, specifically what kinds of learning have you acquired that may directly relate to the educational goals? You may have several examples or there.
|
What is the opprotunity cost of rice for country
: What is the opprotunity cost of rice for each country? What is the opprotunity cost of apparel for each country?
|
Explain the four standard types of resume formats
: Research the four standard types of resume formats, explain each type, and who should you it (i.e., the characteristics of the job seeker; e.g., someone with.
|
Estimate the cost formula for shipping expense
: Using the high-low method, estimate the cost formula for shipping expense. Zerbel Company, a wholesaler of large, custom-built air-conditioning units
|