Determine direct materials and conversion equivalent unit

Assignment Help Managerial Accounting
Reference no: EM133148374

Question - Equivalent Units of Production - Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:


Drawing Department

Winding Department

Work in process, June 1

8,700 units, 55% completed

3,100 units, 75% completed

Completed and transferred to next
processing department during June

119,200 units

118,100 units

Work in process, June 30

6,600 units, 75% completed

4,200 units, 10% completed

Production begins in the Drawing Department and finishes in the Winding Department.

a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0".

b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0".

Reference no: EM133148374

Questions Cloud

What causes the most uncertainty about your personal finance : What causes the most uncertainty about your personal finance?-getting started, taking action, or evaluating progress and taking the necessary corrective action
Stock on the major exchanges and invests : A security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.
What would be the nominal cost of that credit : What would be the nominal cost of that credit? Do not round intermediate calculations. Round your answer to two decimal places
Examine and compare friction factors for the straight pipe : Examine and compare friction factors for the straight pipe using various flow rates - determine the friction factor from lab results and compare
Determine direct materials and conversion equivalent unit : If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production
Prioritize the claims of stakeholders : IN 150 words describe a practical way to prioritize the claims of stakeholders
Culinary tourism experience : 1."The Culinary Tourism Experience". Based on what you have learned in this course so far, explain this concept.
What changes can be made for a healthier relationship : If there is ineffective communication between two parties, what changes can be made for a healthier relationship and for the greater good of the organization?
Discuss leadership theories and effectiveness : Discuss leadership theories and their effectiveness/ineffectiveness during a time of crisis. Is there a relationship between leader, follower, organization, and

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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