User Account

All Pages

Compute the equivalent units of production for 1 materials

Assignment Help Accounting Basics
Reference no: EM13484218

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
$110,000
  Conversion costs: 20% complete
77,000
  Cost of work in process, April 1
$187,000
  Costs incurred during production in April

  Direct materials
$880,000
  Conversion costs
401,500
  Costs incurred in April
$1,281,500

Units transferred out totaled 18,700. Ending work in process was 1,100 units that are 100% complete as to materials and 40% complete as to conversion costs.

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

2) Compute the unit costs for the month.

Reference no: EM13484218

Questions Cloud

Call options on a stock are available with strike prices : call options on a stock are available with strike prices of 15 17frac12 and 20 and expiration dates in 3 months. their
Which of the following most appears to contradict the : which of the following most appears to contradict the proposition that the stock market is weakly efficient? explain.a.
Give an intuitive explanation of why the early exercise of : give an intuitive explanation of why the early exercise of an american put becomes more attractive as the risk-free
Rodman corporations fiscal year ends on november 30 the : rodman corporations fiscal year ends on november 30. the following accounts are found in its job order cost accounting
Compute the equivalent units of production for 1 materials : the blending department of luongo company has the following cost and production data for the month of april. costsnbsp
Explain why the arguments leading to put-call parity for : explain why the arguments leading to put-call parity for european options cannot be used to give a similar result for
What is a lower bound for the price of a 4-month call : what is a lower bound for the price of a 4-month call option on a nondividend-paying stock when the stock price is 28
Explain why the market makers bid-offer spread represents a : explain why the market makers bid-offer spread represents a real cost to options
Explain why an american option is always worth at least as : explain why an american option is always worth at least as much as its intrinsic

Reviews

Write a Review

Accounting Basics Questions & Answers

  Explain research on financial statement disclosure debate

What do you think? Please support your opinion with additional research on the financial statement disclosure debate.

  Is the accounting equation true in all instances give

as you have learned in this weeks readings the accounting equation is assets liabilities owners equity. is the

  Lets start by discussing the three required disclosures

the balance sheet is one of the first financial statements i turn to when reviewing a company. you can learn a lot

  Prepare monthly financial statements

Andy Roddick is the new owner of Ace Computer Services. At the end of August 2007, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business ..

  Statement regarding primary authority of tax law

Which of the following is a true statement regarding primary authority of tax law?

  Compute warrens actual return on plan assets

For Warren Corporation, year-end plan assets were $2,000,000. At the beginning of the year assets were $1,780,000. During the year, contributions to the pension fund were $120,000, and benefits paid were $200,000. Compute Warren's actual return on..

  Total assets and customers account

If ABC Service collects $50,000 from customers on account: a) total assets are unchanged b) liabilities increases c) owners equity decreases d) onwers equity increases

  Hamilton company of control policies

Identify the components of internal control to which each policy or procedure relates. For each item, identify one other policy or procedure for that internal control component that is not on the preceding list.

  The pizza company actually made 9000 pepperoni pizzas and

the pizza company makes two types of frozen pizzas pepperoni and cheese. the pizza company allocates overhead to these

  An investment of 600000 increased to 1000000 over a 5-year

an investment of 600000 increased to 1000000 over a 5-year period. what was the rate of return on the

  Net income and free cash flow

In order to sustain operations and generate sales and cash flow, the firm required to make $1250 of capital expenditures on new fixed assets and to invest $300 in net operating working capital. By how much did the firm's net income exceed its free..

  Determining amr stockholders equity

Prepare the stockholders' equity section (including schedules of retained earnings and additional paid-in capital) of the balance sheet of AMR Corporation for the year 2007 on the basis of the foregoing information. Draft a note to the financial s..

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