Equivalent units related to conversion costs

Assignment Help Financial Accounting
Reference no: EM13747260

Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arizaga uses a weighted-average process cost system to collect costs in both departments.

All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 470 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 690 canoes in process that were 30% complete with respect to conversion cost. During July, the Fabrication Department completed 8,200 canoes and transferred them to the Waterproofing Department.

What are the Fabrication Department's equivalent units related to conversion costs for July?

8,407

8,501

8,338

8,341

Reference no: EM13747260

Questions Cloud

What is the project''s payback, npv, and irr : 1. Complete Table 1 by adding the cash flows for Years 4 and 5.2. What is the project's payback, NPV, and IRR? Interpret each of these measures3. Suppose that the project would be allocated $10,000 of existing overhead costs, should these costs be in..
New satellite uplink system to various customers : On December 28, 2013, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the net method to account for sales discounts.In what year will ..
Journal entries to account for anticipated sales returns : During 2013, its first year of operations, Hollis Industries recorded sales of $10,600,000 and experienced returns of $720,000. Cost of goods sold totaled $6,360,000 (60% of sales). The company estimates that 8% of all sales will be returned.
Management control environments importance : Discuss one component of the Management Control Environment's importance to the overall management of a business.
Equivalent units related to conversion costs : Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing departmen..
Uses a predetermined overhead rate based : Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 48,000 actual direct labor-hours and incurred $552,000 of actual manufacturing ..
Weighted-average method in its process costing system : Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 23,000 units in its beginning work in process inventory that were 15% complete with respect..
Considered product or period cost for the cost object : Brown Corporation produces bicycles. For each of the following, indicate whether the cost would typically be considered product or period cost for the cost object given
Job order cost system : Which of the following is a characteristic of manufacturing overhead in a job order cost system? It is directly traceable to specific jobs or units. It includes the cost of all labor relating to manufacturing operations. It is assigned to units produ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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