Compute equivalent units of production for materials

Assignment Help Accounting Basics
Reference no: EM131756279

Problem-

Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning, and conversion costs are incurred uniformly. Production and cost data for the first process in making two products in two different manufacturing plants are as follows.

Cutting Department
Production Data-July Plant 1
T12-Tables
Plant 2
C10-Chairs
Work in process units, July 1 0 0
Units started into production 19,950 16,800
Work in process units, July 31 3,150 525
Work in process percent complete 60 80
 
Cost Data-July
Work in process, July 1 $0 $0
Materials 399,000 302,400
Labor 245,910 115,500
Overhead 109,200 101,535
   Total $754,110 $519,435

1) Compute the physical units of production

2) Compute equivalent units of production for materials and for conversion costs

Reference no: EM131756279

Questions Cloud

Discuss well-grounded facts and no speculation : make a serious effort to do diligent preparation so that your comments are based on well-grounded facts and no speculation
Crcw algorithm for the same problem : Give an O(1) time, O(n) work common CRCW algorithm for the same problem.
What is expected time in system for type customer : What is the expected time in system for a type A customer (including waiting and service time)?
Prepare a detailed strategic report to management : Prepare a detailed strategic report to management that analyses the macro-environmental, geopolitical risks and opportunities
Compute equivalent units of production for materials : Seagren Industries Inc. manufactures in separate processes furniture for homes. In each process, materials are entered at the beginning
Create an ethical statement for the organization : Create a mission, vision, and value statement for the proposed agency.Create an ethical statement for the organization.
Different roles of mobile devices in crime : 1. What are the different roles of mobile devices in crime?
Identify a telehealth technology : Identify a telehealth technology that is currently being used at your organization or at organization you are familiar with. How is it being used effectively?
Explain a peer-to-peer network verses client-server network : In a document of 2-3 pages, you will provide the following: Explain a peer-to-peer network verses a client-server network.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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