Determine the direct materials and conversion costs

Assignment Help Accounting Basics
Reference no: EM133149370

Question - Cost per Equivalent Unit - The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $520,000. The conversion cost for the period in the Rolling Department is $292,050. The total equivalent units for direct materials and conversion are 2,600 tons and 4,950 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

Reference no: EM133149370

Questions Cloud

What are the internal and external stakeholders : (1) What are the internal and external stakeholders? (2) Please provide an example of enterprise-level strategy?
Calculate the spacing of the shear reinforcement : Calculate the spacing of the shear reinforcement at the left of the cantilever support and Calculate the maximum design moment in the main span of the beam
What are the total equivalent units for direct materials : The ending work in process inventory on July 31 was 3,500 tons (70% complete). What are the total equivalent units for direct materials for July
What type of geologic hazards do you think might exist : What type of geologic hazards do you think might exist in developed areas? Explain. The type of geologic hazards that might exist in the developed areas include
Determine the direct materials and conversion costs : The conversion cost for the period in the Rolling Department is $292,050. Determine the direct materials and conversion costs
Overall it project integration management framework : How to use an overall IT project integration management framework related to the other project management knowledge areas and the project life cycle?
Prepare general journal entries to record budgetary account : Prepare the general Journal entries to record the Budgetary Account, using Estimated Revenues Receivable from Property Taxes, Appropriations
Describe the mysterious phenomenon : Show how (a) two chambers of the bicameral mind, (b) conscious/unconscious parts of the brain and (c) cerebral localization each describe the mysterious phenome
What does the term midi stand for : What does the term MIDI stand for? How is MIDI data different from the data stored in an audio file? (See "MIDI Basics" beginning on page 122.)

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.

  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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd