Equivalent units of production for conversion costs

Assignment Help Financial Accounting
Reference no: EM13866540

In the month of May, a department had no units in beginning work in process. During May, 80,000 units were started into production department. At the end of May there were 8,000 units in ending work in process that were 65% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for conversion costs for May is...... A. 86,100. B. 80,000. C. 77,200. D. none of these.

Reference no: EM13866540

Questions Cloud

What kind of deal did the running back scamper off with : In 2011, a running back signed a contract worth $62.3 million. The contract called for $10 million immediately and a salary of $3.5 million in 2011, $9.5 million in 2012, $10 million in 2013, $9.4 million in 2014 and 2015, and $10.5 million in 2016. ..
What was effective interest rate that acme paid on this note : On July 1st 2015 ACME Company issued $20 million non-interest 1 year note to the bank who has a stated 10% discount rate. Principal and interest will be paid at maturity. What was the effective interest rate that ACME paid on this note?
The equivalent units for materials under the FIFO method : Solis Company uses the FIFO method to compute equivalent units. It has 12,000 units in beginning work in process, 20% complete as to conversion costs and 40% complete as to materials costs, 65,000 units started, and 5,000 units in ending work in proc..
The equivalent units of production for materials : A department had the following information for the month: Total materials costs $420,000 Conversion cost per unit $5.00 Total manufacturing cost per unit $ 8.00 What are the equivalent units of production for materials?
Equivalent units of production for conversion costs : In the month of May, a department had no units in beginning work in process. During May, 80,000 units were started into production department. At the end of May there were 8,000 units in ending work in process that were 65% complete. Materials are ad..
What are the equivalent units of production for materials : The Wrapping Department’s output during the period consists of 17,000 units completed and transferred out, and 900 units in ending work in process that were 75% complete as to materials and conversion costs. Beginning inventory was 1,200 units that w..
One asset during its calendar taxable year : Firm L purchased only one asset during its calendar taxable year. The asset cost $650,000 and has a three-year recovery period. Compute Firm L’s MACRS depreciation with respect to this asset over the recovery period assuming that:
Discount rate to compute net present value : In Year 0, Company L paid $80,000 for an overhaul of a tangible operating asset. Company L has a 34 percent marginal tax rate and uses an 8 percent discount rate to compute net present value.
About the process costing system : Clarksen Company uses a process costing system. The company requisitioned $93,000 of materials for Department A and $67,000 of materials for Department D. The entry to record the use of the direct materials by these two departments is:

Reviews

Write a Review

Financial Accounting Questions & Answers

  Describe the changing role of management accountants

Describe the changing role of management accountants with reference to how it impacts on the current business environment.

  Outstanding shares affect the tax treatment of tender offer

In a tender offer, Alpha Corporation wants to exchange its voting common stock for all of Theta Corporation's single class of stock. Only 85% of Theta's shareholder agrees to tender their shares. After the tender, what options exist for Alpha to requ..

  Uses direct labor-hours in predetermined overhead rate

Cribb Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 13,200 hours and the total estimated manufacturing overhead was $337,920.

  Manual practice set refer to the feedback sheet attached to

refer to the feedback sheet attached to see where marks could be lost. you are not required to complete the

  Purpose a pension worksheet for the pension plan

Purpose a pension worksheet for the pension plan for 2013 and 2014.

  Prepare dated journal entries to record the transactions

Prepare dated journal entries to record the transactions and assume that Econ did not enter into a forward contract. Prepare dated journal entries to record the transactions above.

  Type of inventory control system and type of accounts

type of inventory control system and type of accounts receivable control.a.nbsp what type of inventory control system

  Prepare a consolidated statement of financial position

The following financial statements of William Ltd and its subsidiary Adam Ltd have been extracted from their financial records at 30 June 2012.

  Differ between managerial and financial accounting

How do the content of reports and the verification of reports differ between managerial and financial accounting?

  Illustrate financial statement element other than equity

Define distributions to owners and provide examples of this type of transaction. Illustrate what financial statement element other than equity is typically affected by distributions?

  Purpose the journal entries required on wild expansion co

Purpose the journal entries required on Wild Expansion Co.'s books to record the exchanges.

  Calculation of total contribution margin

Calculation of total contribution margin and variable costs analysis - Iacono Corporation is a wholesaler that sells a single product.

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