Determine the equivalent units of production for materials

Assignment Help Managerial Accounting
Reference no: EM132960380

The Cutting Department of Crane Company has the following production and cost data for July.

Production Costs 1. Completed and transferred out 9,840 units.Beginning work in process$2,460 units in ending working in process are 60%

complete as to conversion costs and 100%

complete as to materials at July 31.

Direct materials 36,900

Direct labor13,284

Manufacturing overhead15,006

Materials are entered at the beginning of the process. Conversion costs are incurred uniformly throughout the process.

Problem (a) Determine the equivalent units of production for (1) materials and (2) conversion costs.

Reference no: EM132960380

Questions Cloud

Concept map-incentive plan : Design a concept map in which you describe an incentive plan.
How much better is the second contract in present value term : Vaughn Hardy recently rejected a $16,000,000 five year contract with the Vancouver Seals hockey. In present value terms, how much better is the second contract?
Frequent coaching and feedback : How could "frequent coaching and feedback" reduce Jessica's nerves when providing Alexander with the "Needs Improvement" performance rating?
Roles of international human resource management : What are the roles of international human resource management practices in offshoring process?
Determine the equivalent units of production for materials : Materials are entered at the beginning of the process. Determine the equivalent units of production for materials and conversion costs.
How did monasticism develop in western europe : How did monasticism develop in Western Europe between 400 and 1100?
How do estimate cash receipts for each month : How do estimate cash receipts for each month of the first quarter of 2021. Credit sales in December 2020 are expected to be $244,000.
Explain the change in employee behaviour : Review equity theory and describe how it may be used to explain the change in employee behaviour at Ford. Your answer must show that you understand equity theor
Discuss the role of supportive followership : Discuss the role of supportive followership and its influence on your leadership style. Develop a leadership philosophy statement.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What can the owner expect operating costs to be

If residents lose their jobs and move away. Assuming the same relevant? range, what can the owner expect her operating costs to be if occupancy falls to 65?%?

  Cost of inventory at the end of the first quarter

1.On January 1, JKR Shop had $ 225,000 of inventory at cost. In the first quarter of the year, it purchased $ 795,000 of merchandise

  Evaluate the present value index for each proposal

The net present value for Proposals X and Y.Evaluate the present value index for each proposal. Round your answers to two decimal places.

  Determine the actual and standard variable costs per bag

Determine the actual and standard variable costs per bag of dog food produced, separated into direct materials and direct labor.

  List three areas you could focus on for your strategy

List three areas you could focus on for your strategy relative to your own organization, an organization for which you would aspire to work, or your personal life.

  What is wilson profit margin and debt ratio

What is Wilson's profit margin and debt ratio?

  Write a creative brief for a campaign of your choice

For this assignment, imagine you are the account manager for the campaign. What creative brief would you write that would result in the campaign you have chosen?

  What is the in dollars for next year

1125 units, and management likes to have enough inventory at the end of the year for 2% of next year's sales. What is the (in dollars) for next year?

  What the cost of goods sold would be

In a statement of Cost of Goods Sold, the Cost of Goods Sold would be? Anthony Co. manufactures office furniture at its plant in Ontario.

  Which project should be accepted

A discount rate of 9% is appropriate for both parties. Compute the net present value and profitability index of each project. Which project should be accepted?

  Prepare schedule of cost of goods sold for samuels ltd

Samuels ltd has incurred the following costs, Prepare schedule of cost of goods sold for Samuels ltd. Prepare income statement for the year.

  What cost of goods sold is closest to

What Cost of Goods Sold (before any under/over applied overhead adjustment) is closest to and The amount of Materials applied to WIP is closest to

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