Estimate cost per equivalent unit of conversion for month

Assignment Help Accounting Basics
Reference no: EM132648322

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 17,500 units. At the end of the month there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 65% complete with respect to conversion.

For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $26,000
Direct Labor 17,000
Factory Overhead 25,000

Problem 1: Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March: (Round & enter final answers to the nearest cent.)

Reference no: EM132648322

Questions Cloud

Develop a common definition of diversity : To build a strong multinational organization, an Internet-based organization that has locations in several countries would need to develop a common understandin
Prepare partial income statement beginning with income : Prepare partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information.
Find minimum amortization of the actuarial loss : Find Minimum amortization of the actuarial loss. Martinez Corporation had a projected benefit obligation of $3,386,000 and plan assets of $3,617,000 at January
Discuss theories in the planning of patient-centered care : Discuss theories and evidence-based practice in the planning of patient-centered care. Discussions are designed to promote dialogue between faculty.
Estimate cost per equivalent unit of conversion for month : Estimate the cost per equivalent unit of conversion for the month of March.Dorchester Company, on March 1, 2019 has a beginning Work
Discuss several education methods : Write an essay addressing each of the following points/questions. Be sure to completely answer all the questions for each bullet point. There should be three.
What role does your facility play in keeping people healthy : What role does your facility play in keeping people healthy? Would the Health Leads program work in your facility? Why or why not? The response must be typed.
Case study-needs assessment at netapp-usa : Network Appliances (NetApp) creates innovative storage and data management solutions that help customers accelerate business breakthroughs
Find team effectiveness model and other theoretical concepts : Use the team effectiveness model and other theoretical concepts discussed in this class to explain what is causing the problems that the FireArt team is experie

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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