Reference no: EM131816528
Question - Fairfax Company uses weighted-average process costing to account for its production costs. Direct labor is added evenly throughout the process. Direct materials are added at the beginning of the process. During September, the company transferred 735,000 units of product to finished goods. At the end of September, the goods in process inventory consists of 207,000 units that are 90% complete with respect to labor. Beginning inventory had $244,920 of direct materials and $69,098 of direct labor cost. The direct labor cost added in September is $1,312,852, and the direct materials cost added is $1,639,080.
Required
1. Determine the equivalent units of production with respect to (a) direct labor and (b) direct materials.
2. Compute both the direct labor cost and the direct materials cost per equivalent unit.
3. Compute both direct labor cost and direct materials cost assigned
Shaw, Ken; Wild, John; Chiappetta, Barbara (2011-12-01). Fundamental Accounting Principles (Page 846). Business And Economics. Kindle Edition.
|
Standard deviation of dwarf mouse ages
: The New York Times published an article called "In Michigan, a Milestone for a Mouse Methuselah" about a dwarf mouse that surprised scientists
|
|
Give the adjusting entry required at december
: On December 31, 20A, the inventory count of supplies in the storeroom was $100. Give the adjusting entry required at December 13, 20A
|
|
Man underwent surgery
: In 2004, a 42-year-old man underwent surgery to reduce his weight of 1,072 pounds.
|
|
Problem based on product cost and period cost
: Assume we're operating a company that produces and sells baked goods to retail outlets
|
|
Compute the direct labor cost and direct materials cost
: Fairfax Company uses weighted-average process costing to account for its production costs. Compute both direct labor cost and direct materials cost assigned
|
|
Estimate for the mean salary
: Explain why the mean you calculated is not necessarily a good estimate for the mean salary of all 18 American orchestras' directors.
|
|
Define pricing and promotion policies of glpi
: Pricing, Ethics, and the Law Great Lakes Pharmaceuticals, Inc. (GLPI), produces both prescription and over-the-counter medications.
|
|
Produce a histogram of heights of all students
: a. Produce a histogram of heights of all students. Describe its shape.
|
|
Summarize the efforts you have taken thus far to build
: Summarize the efforts you have taken thus far to build an employment record that will lead to job offers after graduation.
|