Determine the number of equivalent units of production

Assignment Help Managerial Accounting
Reference no: EM132813773

Question - Equivalent Units of Production: weighted average method

The Converting Department of Tender Soft Tissue Company uses the weighted average method and had 3,300 units in work in process that were 80% complete at the beginning of the period.  During the period, 41,600 units were completed and transferred to the Packing Department. There were 1,800 units in process that were 20% complete at the end of the period.

Required -

a. Determine the number of whole units to be accounted for and to be assigned costs for the period.

b. Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production.

Reference no: EM132813773

Questions Cloud

Calculate the new value of cet1 : Calculate the new value of CET1, Tier I, and total capital ratios for the following transactions.
Why the group had to recognize the impairment charge : Estimate of the impact of Covid-19 on the Group. Explain the accounting for inventories, and why the Group had to recognize this impairment charge
What can regulators do to stop type of behavior : Discuss what the negative impact is and why. What can regulators do to stop this type of behavior? Bluffing, Market timing and late trading
Briefly summarize the selected bill or law : Briefly summarize the selected bill or law. Describe the population and / or situation that the bill or law seeks to address. Identify and explain the.
Determine the number of equivalent units of production : Determine the number of equivalent units of production for the period. Assume that direct materials are placed in process during production
What is the effective interest rate : 1) Ian paid off his student loan in 4 years by making payments of $550 at the beginning of every month. The interest rate on his loan was 7.40% compounded month
What amount of ordinary business income is allocated to Fred : At the beginning of the year, Fred's basis in his Ace stock was $80,000. What amount of ordinary business income is allocated to Fred
Information about rat race home security : Use the following information about Rat Race Home Security, Inc. to answer the questions:
Prepare the share capital portion of ASDFs statement : On February 28, 20x1, ASDF Co. received cash subscription for 2,000 shares at par value. Prepare the share capital portion of ASDFs statement

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the approximate internal rate of return

BSU Inc. wants to purchase a new machine for $44,300, excluding $1,500 of installation costs. Determine the approximate internal rate of return

  Prepare journal entries to record the events

Question - Striking Furs imports furs from Canada. In the space provided below, prepare journal entries to record the following events

  Show and provide necessary journal entries

PWS Company has net income of $7,000 during the accounting period. PWC Corporation paid a $1 per share cash dividend. Provide necessary journal entries.

  Calculate direct labour efficiency variance for the company

Calculate the Direct labour efficiency variance for the company and explain the (potential) reason(s) for any variance (favorable or unfavorable)

  Find and make any necessary adjusting entries

Find and Make any necessary adjusting entries. The lease runs for 6 years with an implicit interest rate of 5%. At the end of the 6 years, Peyton will own them.

  Prepare an income statement for the quarter

In the first quarter of year 3, the company plans to sell 21,000 units at a selling price of $50 per unit. Prepare an income statement for the quarter.

  Calculation of equivalent units lo 2 mcmillian tire company

calculation of equivalent units lo 2 mcmillian tire company produces tires used on small trailers. the month of june

  What recommendation to avoid the same problem in future

Man machine ratio is 1:1 and they have 12 machines what will be your recommendation to avoid the same problem in the future?

  Compute the equivalent units for the month for department

Sprinkler Co. utilizes process costing, Compute the equivalent units for the month for Department 2, according to the FIFO method of accounting for units.

  Compute the irr of each project

Compute the IRR of each project, and use this information to identify the better investment. What is the maximum acceptable price to pay for each project?

  Using the step down method allocate the service department

Using the step-down method, allocate the service department costs to the operating departments.

  What is the dollar amount that the store has budgeted

What is the dollar amount that the store has budgeted to buy in suits for the month of September, if each one has a cost of $ 75?

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