User Account

All Pages

Determine the cost per equivalent unit of direct material

Assignment Help Accounting Basics
Reference no: EM132465768

Question problem 1: Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production Work In Progress inventory. During the month 100,000 units were started. At the end of the month all started units were 80% complete with respect to conversion. Direct Materials placed into production had a total cost of $24,000 and the total conversion cost for the month was $16,000. Alpha uses the weighted-average process costing method.

Use this information to determine for the month of March: (Round & enter final answers to the nearest penny.)

1. the cost per equivalent unit of direct material

2. the cost per equivalent unit of conversion

Reference no: EM132465768

Questions Cloud

Prepare journal entry necessary record purchase coal mining : Prepare the journal entry necessary to record the purchase of the coal mining site.Prepare any journal entries needed at December 31 with regard to mining
Explain how the act changed the standard deduction : Explain how the Act changed the standard deduction.Choose five categories of itemized deductions and describe in detail how the Act changed each deduction.
Determine total cost transferred to finished goods inventory : Determine total cost transferred to finished goods inventory,the cost that should be assigned to Alpha' work in process inventory at the end of October 2017
Explain why have used particular numbering in the chart : After analysing the events above, suggest a chart of accounts, with appropriate numbering, that would be satisfactory for the business
Determine the cost per equivalent unit of direct material : Determine and prepare the cost per equivalent unit of direct material, the cost per equivalent unit of conversion for the month of March
Report the effect on company total net operating income : Prepare a report that shows the effect on the company's total net operating income of buying part F77 from the supplier rather than continuing to make it inside
Identify the strategic change proposed : Identify the strategic change proposed, expected outcomes, key milestones and deliverables. Detailed marking criteria can be found in the Marking Guides section
How the ROE related to ASC and why : Which industries listed do you believe will realize the most significant impact on Return on equity and how the ROE related to ASC 606 and why ?
How of much cash was paid for depreciation : Did Brown Inc. issue any new shares in 2018? If yes, how much money was raised from the issuance of the new shares? How of much cash was paid for depreciation

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