User Account

All Pages

Determine the direct materials and conversion costs

Assignment Help Managerial Accounting
Reference no: EM132949330

Problem 1: The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Com-pany is $432,000. The conversion cost for the period in the Rolling Department is $144,150. The total equivalent units for direct materials and conversion are 2,400 tons and 2,325 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

Reference no: EM132949330

Questions Cloud

Compute the additional annual cash inflow : Using straight-line depreciation and an assumed 40% tax rate, compute the additional annual cash inflow if the old machine is replaced.
What would journal entries to record the transaction : Assume that in a common-law state Mr. Davis, What would journal entries to record this transaction for Mr. Davis look like following the Supreme Court decision?
Differentiate between the two types of budgets : Provide an example of the type of business or company that would benefit from using a flexible budget. Differentiate between the 2 types of budgets.
What extent would the cm approach better assist management : What extent would the CM approach better assist management in ensuring that all costs will be covered? You think that under absorption costing.
Determine the direct materials and conversion costs : Determine the direct materials and conversion costs per equivalent unit. The conversion cost for the period in the Rolling Department is $144,150.
What are the total equivalent units for conversion costs : The ending work in process inventory on July 31 was 500 tons (40% complete). What are the total equivalent units for conversion costs?
What are the total equiva-lent units for direct materials : The Rolling Department of Oak Ridge, What are the total equiva-lent units for direct materials for July if materials are added at the beginning of the process?
How many tons were started and completed during july : Oak Ridge Steel Company, The ending work in process inventory on July 31 was 500 tons. How many tons were started and completed during July?
Calculate breakeven in units and dollar amount : Calculate the sales revenue and units need to be sold to achieve the target operating income? Calculate Breakeven in units and dollar amount

Reviews

Write a Review

Managerial Accounting Questions & Answers

  How will that affect the predetermined overhead rate

If a company decides to increase advertising expense by $25,000, how will that affect the predetermined overhead rate? Eventual cost of goods sold

  Deer valley lodge a ski resort in the wasatch mountains of

deer valley lodge a ski resort in the wasatch mountains of utah has plans to eventually add five new chairlifts.

  How many units of sugar will domestic producers supply

The foreign supply is QSF = 20,000 + 100P. How many units of sugar will domestic producers supply after the quota is imposed

  Prepare the statement of cash flows for 2007

Prepare the statement of Cash flows for 2007, using the indirect method, with the financial statements and Classify each of the following transactions as an operating activity, an investing activity or a financing activity cash flow, or a non cash ..

  Is obligated to pay why or why not

April, When April arrives home, the painter is just finishing and he presents her with a bill. Is she obligated to pay? Why or why not?

  Evaluate the management control system currently in place

Evaluate the management control system currently in place at Riverside, outlining its strengths and weaknesses, and make recommendations for any changes

  What was the unit cost to manufacture a single bird house

If the company manufactured 10,000 bird houses during the month, what was the unit cost to manufacture a single bird house?

  How do compute the equivalent cost per unit

How do Compute the equivalent cost per unit, assuming the ending inventory is considered to be 40 percent complete. The department had beginning inventory

  Prepare variable costing income statements for july

Reconcile the variable costing and absorption costing net operating incomes. Prepare variable costing income statements for July and August.

  Summarize the labor time tickets and prepare a journal entry

Summarize the labor time tickets and prepare a journal entry to record direct labor for the month.

  How much money will have for a down payment

Interest rates are assumed to be 7% and all savings occur at year-end. How much money will you have for a down payment in 4 years?

  Find the breakeven point in units for frederick company

Find the FY 2016 breakeven point in units. Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process.

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