User Account

All Pages

Compute the equivalent units of production

Assignment Help Accounting Basics
Reference no: EM132141574

Question - The Blending Department of Luongo Company has the following cost and production data for the month of April. Costs: Work in process, April 1 Direct materials: 100% complete $100,000 Conversion costs: 20% complete 10,000 Cost of work in process, April 1 $170,000 Costs incurred during production in April Direct materials $ 800,000 Conversion costs 365,000 Costs incurred in April $1,165,000 Units transferred out totaled 17,000. Ending work in process was 1,000 units that are 100% complete as to materials and 40% complete as to conversion costs.

Instructions -

(a) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

(b) Compute the unit costs for the month.

(c) Determine the costs to be assigned to the units transferred out and in ending work in process.

Reference no: EM132141574

Questions Cloud

Explain their potential interests and necessary strategies : A stakeholder matrix includes at least 5 relevant stakeholders and explains their potential interests and necessary support/mitigation strategies.
Describe the new product or service : This assignment requires application of concepts learned to build a strategic marketing plan for a new product or service that is ready to "go to market".
Explain the logic behind your territory design : Read through this brief article on sales territories. Define a sales territory where you live for selling that product.
What benefit-value can you take for your life : Write a paper with 500 words in count to answer the following questions: What you learned from your participation in the Focused Friday event.
Compute the equivalent units of production : The Blending Department of Luongo Company has the following cost and production data for the month of April. Compute the equivalent units of production
Future career in business is supported by research : What value to your future career in business is supported by research, analysis and communication (writing and speaking)?
Managing diversity and inclusion and diversity training : Explain the relationship between "managing diversity and inclusion" and "diversity training." Which is most effective? Why?
Analyze the results in terms of success or failure : What was your marketing strategy for each of the decisions entered into the simulation game in Quarter #1? What were the results of your decisions?
Why you think that the effort succeeded or failed : For this group discussion forum, consider the application of performance metrics in all types of industries (manufacturing, service, education, healthcare).

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd