Determine direct material and conversion cost per equivalent

Assignment Help Accounting Basics
Reference no: EM132687273

Cost per Equivalent Unit

The cost of direct materials transferred into the Rolling Department of Kraus Company is $475,200. The conversion cost for the period in the Rolling Department is $320,000. The total equivalent units for direct materials and conversion are 2,700 tons and 5,000 tons, respectively.

Problem 1: Determine the direct materials and conversion costs per equivalent unit.

Reference no: EM132687273

Questions Cloud

Facility management class : 1. If you were to pick the top 3 questions to know for event planning, which 3 questions would that be and why?
Demonstrate what is the equivalent units of production used : Demonstrate what is the equivalent units of production used to compute unit conversion cost on the cost of production report for Department W?
Prepare the divisional income statements for two divisions : The corporate expenses for the year ended December 31, 2012, are as follows: Tech Support Department $845,000. Prepare the divisional income statements
Compare and contrast a web page and a web service : Compare and contrast a web page and a web service. Search the Web for companies that offer web services and then describe three to five web services.
Determine direct material and conversion cost per equivalent : Determine the direct materials and conversion costs per equivalent unit. The cost of direct materials transferred into the Rolling Department of Kraus Company
Explain the concept of globalization : We focus on globalization concepts. Please explain the concept of globalization and the role information technology has in the global market.
Compute unit conversion cost on the cost of production : Find what is the equivalent units of production used to compute unit conversion cost on the cost of production report for Department W?
Describe identity and access management tools : Describe identity and access management tools and explain the importance of these tools to a business. Choose an industry and discuss how identity and access.
How do respond to the elderly individual confirming : The trust's income would not be subject to tax. Citing your authority, respond to the elderly individual confirming whether or not what they heard is true

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the fair value of the bulldozer

Sales commission of $35,000 will be incurred. After the improvements, the exit price was $450,000. What is the fair value of the bulldozer

  What is benny breakeven point in books

Benny Books sells first edition books. Benny purchases the books from his supplier for $100 a book, What is Benny's breakeven point in books

  Discuss the potential impact on the financial statement

Discuss audit procedures that may verify the potential impact on the 2020 financial statements. Explain the potential impact on the 2020 financial statements.

  Why is important for everyone to have a basic accounting

With a comprehensive explanation, Why is it important for everyone to have a basic accounting background? at least one or two page summary

  Prepare the stockholders equity section of the balance

on january 1 2012 hammermeister inc. had the following stockholders equity account balances. common stock no-par value

  What should the comptroller do

Seems to me the economy is better than last year. I suggest you reduce the bad debts allowance to 12 percent. What should the comptroller do?

  The board of directors of capstone inc declared a 060 per

the board of directors of capstone inc. declared a 0.60 per share cash dividend on its 1 par common stock. on the date

  Gasb statement 58 finalized in 2010 gasb statement 58

gasb statement 58 finalized in 2010 gasb statement 58 provides to local government that have filed for bankruptcy under

  The company did not record the purchase until the inventory

Assuming that the errors were discovered after the 2010 financial statements were issued, analyze the effect of the errors on 2010 and 2009 cost of goods sold, net income, and retained earnings. (Ignore income taxes.)

  Sykes corp factors 100000 of accounts receivable with ktt

sykes corp. factors 100000 of accounts receivable with ktt finance corporation on a without recourse basis on july 1

  What is present value of each project

What is present value of each project at each of Al' s potential costs of capital and which project is acceptable at each

  A materials requisition slip showed

QUESTION 1. Managerial accounting applies to each of the following types of businesses except

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