User Account

All Pages

Discuss what was machinings conversion cost transferred

Assignment Help Accounting Basics
Reference no: EM131807362

The Machining Department is the first of a 2-stage production process. Spoilage is identified when the units have completed the Machining process. Costs of spoiled units are assigned to units completed and transferred to the second department in the period spoilage is identified. The following information concerns Machining's conversion costs in May 2016:

Using the weighted average method, what was Machining's conversion cost transferred to the second production department?

a. $150,000
b. $160,000
c. $144,000
d. $140,000

Units Conversion Costs
Beginning WIP (50% Complete) 4,500 $20,000
Units started during May 16,500 $160,000
Spoilage - normal 500
Units completed and transferred 15,500
Ending WIP (80% Complete) 5,000

Reference no: EM131807362

Questions Cloud

What is the capitalized cost to endow : What is the capitalized cost to endow an engineering scholarship of $3500? The endowment will be invested at 7%.
Biomedical engineering at research university : A leading firm in artificial limbs wants to establish an endowed chair in biomedical engineering at Research University.
Explain need for present a plan to transform organization : Diagnose the need for change and present a plan to transform the organization, utilizing Kotter's 8-Step Approach.
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.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the cost of goods sold

Assume that Guardian Company uses a periodic inventory system and has these account balances: Determine the cost of goods sold

  Strategies of both informing and persuading

Deliberative speaking uses the strategies of both informing and persuading.

  Statements under absorption costing and variable costing

Frigid Motors Inc. assembles and sells snowmobile engines. The company began operations on July 1, 2016, and operated at 100% of capacity during the first month. The following data summarize the results for July:

  Valencia industries is considering purchasing a machine

valencia industries is considering purchasing a machine that will produce plastic kitchenware. the machine would be

  Prepare a multistep income statement

On a spreadsheet, prepare a multistep Income Statement for the year ending 12/31/12 with proper heading. See link below for sample income statement. Near the bottom of your income statement should have a subtotal for Income before taxes and then s..

  When companies accumulate costs they generally use either a

when companies accumulate costs they generally use either a job-order or a process costing system. the type of system

  Handy-man services is a repair-service company specializing

handy-man services is a repair-service company specializing in small household jobs. each client pays a fixed monthly

  Hennings travel company specializes in the production of

hennings travel company specializes in the production of travel items clocks personal care kits. the following data

  Major cause of inner city schools

The newspaper columnist suggested that the lack of advanced mathematics courses in high school curriculums in inner city schools was a major cause of inner city schools having a low success rate in college. What confounding variables may be presen..

  Calculating equivalent units for conversion costs

Calculate the equivalent units for conversion costs for the month in the first processing department.

  Calculate the cost assigned

In recording the purchase, Henner Corporation recorded Machine A at acost of $50,400. Calculate the cost assigned to Machine B. Do not use decimals in your answer.

  Application of the dollar value method

Discuss the specific advantages and disadvantages of using the dollar-value LIFO application as compared to specific goods LIFO (unit LIFO). Ignore income tax considerations.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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