Discuss what are the total equivalent units of production

Assignment Help Accounting Basics
Reference no: EM131807359

Kerner Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31:

UnitsDirect Labor

Work-in-process inventory, January 1 200 $50,000

Started during the quarter 600

Completed during the quarter 500

Work-in-process inventory, March 31 300

Costs added during the quarter $720,000

Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-process inventory was 75% complete for direct labor costs. What are the total equivalent units of production with respect to direct labor? (apply the formula for the more commonly used weighted average method of calculating equivalent units)

Reference no: EM131807359

Questions Cloud

Computer engineering building : Computer Colleagues, Inc., wants its name on the computer engineering building planned for the campus. For naming, the university requires
Discuss what was machinings conversion cost transferred : Spoilage is identified when the units have completed the Machining process. Costs of spoiled units are assigned to units completed
Find the proportion of obese african-americans : Use the critical value approach to test if the proportion of obese African-Americans differs from the proportion of obese Caucasian adults.
Statistical difference between the population proportions : Given x1 = 50, n1 = 2 0 0 , x2 = 70, n2 = 2 5 0 construct a 95% confidence interval for the difference between the population proportion s.
Discuss what are the total equivalent units of production : complete for direct labor costs. What are the total equivalent units of production with respect to direct labor
Which is a significant improvement to an existing product : There is also sustaining innovation, which is a significant improvement to an existing product. Testing & Analyzing Product Ideas.
Estimate the cost formula for overhead cost : The Company wants to break down the overhead cost into its basic variable and fixed cost elements. Estimate the cost formula for overhead cost
Difference between population proportions of boys and girls : Construct a 95% confidence interval for the difference between the population proportions of boys and girls who score at proficient or advanced levels.
Performed by middlemen in the distribution of products : List the primary functions that are performed by middlemen in the distribution of products.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Assumption by cardinal corporation of a mortgage

Carl transfers land to Cardinal Corporation for 90% of the stock in Cardinal Corporation worth $20,000 plus a note payable to Carl in the amount of $40,000 and the assumption by Cardinal Corporation of a mortgage on the land in the amount of $100,..

  Valid appropriation

It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?

  Parrish plumbing provides plumbing services to residential

parrish plumbing provides plumbing services to residential customers from monday through friday. ken parrish the owner

  Penalty tax payable by lejeune or shareholders

Lejeune, Inc., an S corporation in Boone, north carokina, reports operating revenue of $400,000, taxable interest of $380,000, operating expenses of $250,000, and deductions attributable to the interest income of $140,000. Lejeunne's accumulated E..

  Discuss how much would be recorded as the expenditure

In 2018 the encumbered goods were received at an invoiced cost of $520. How much would be recorded as the 2018 expenditure

  Calculate index-number trend percents for following

compute index-number trend percents for the following accounts using year 1 as the base year. state whether the

  What is the actual wage rate per hour compute the labor

a popular product of loring glassworks is a hand-decorated vase. the companys standard cost system calls for .75 hours

  Values for the reservoir temperatures

Estimate the maximum possible COP of a household air conditioner. Use any reasonable values for the reservoir temperatures.

  Briefly comment on impact imports performance

Briefly comment on Impact Imports performance

  What are some possible reasons why another organization

What are some possible reasons why another organization, such as the Governmental Accounting Standards Board, should not issue financial reporting standards?

  Compute the activity-based overhead rate

Compute the activity-based overhead rate for each activity cost pool - How much cost would be charged to an in-house manufacturing department that consumed 1,800 hours of market analysis time, was provided 280 designs relating to 10 products, and r..

  Post to the ledger accounts

Post to the ledger accounts

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