Reference no: EM132961874
Question - Bravo - Zulu has the following cost and production data for the Blending Department for December 2016 Cost data:
Beginning work in process inventory, December 1
Direct Materials $50,000
Conversion Cost $26,000
$76,000
Cost incurred during production in December
Direct Materials $430,000
Conversion costs $136,000
$566,000
Total costs $642,000
Production data
Completed and transferred out 52,000
Ending work in process 8,000
Ending work in process was 100% complete to materials and 25% complete to conversion costs.
Required -
(a) Determine the unit cost for materials.
(b) Determine the unit cost for conversion cost.
What are the journal entries should Durler Company record
: What are the journal entries should Durler Company record for this exchange transaction if this transaction has commercial substance
|
Differentiate between operating and financial leverage
: Differentiate between operating and financial leverage. Explain the determination of the firm's optimal capital structure. Explain the credit selection process
|
What the investment turnover for Mason Corporation
: Mason Corporation had $1,114,000 in invested assets, sales of $1,217,000, operating income amounting to $212,000, What the investment turnover
|
How issues should be dealt with in financial statements
: In the context of relevant IFRSs, discuss how the above issues should be dealt with in the financial statements of SAL for the year ended 30 June 2020.
|
Determine the unit cost for conversion cost
: Ending work in process was 100% complete to materials and 25% complete to conversion costs. Determine the unit cost for conversion cost
|
What is the measurement of the coffee beans inventory on dec
: What is the measurement of the coffee beans inventory on December 31, 2021? The entity is considering the valuation of harvested coffee beans.
|
What is the effective annual borrowing rate
: A firm has an average loan outstanding of $75,000,000 on a $100,000,000 line of credit. What is the effective annual borrowing rate
|
How falls in the value of the us dollar will affect kenyan
: How falls in the value of the US dollar will affect Kenyan businesses that trade with the European Union. Analyze the effects of a falling dollar on US economy
|
What was the balance of the doubtful debts allowance
: Bad debts 30,000 was executed during 2001. Estimating doubtful debts 3% of sales. What was the balance of the doubtful debts allowance
|