Find cost per equivalent unit of production

Assignment Help Financial Accounting
Reference no: EM132753101

Problem 1: Department A of Green Shed, Inc. incurred $240,000 in direct material costs and $65,000 in conversion costs. The equivalent units of production for direct materials and conversion costs are 1,215 and 715, respectively. The cost per equivalent unit of production for direct materials is ________.

Option 1: $124.35 per EUP
Option 2: $158.03 per EUP
Option 3: $90.91 per EUP
Option 4: $197.53 per EUP

Reference no: EM132753101

Questions Cloud

What is your leadership style : What's your leadership style? How do you feel your leadership style fits into a TQM organization and why?
Compute the standard deviation of returns : The following information is provided on the forecasted returns of two firmsSIA Airlines Ltd and HQ Furniture Ltd.
Calculate the total number of units accounted for by depart : Transferred them to Department C. Calculate the total number of units accounted for by Department B if it had 4,800 units in ending inventory.
What are the revenue recognition options : What are the revenue recognition options for when service revenue can be recognized under IFRS? Under ASPE? The response must be typed.
Find cost per equivalent unit of production : Find cost per equivalent unit of production for direct materials is? Department A of Green Shed, Inc. incurred $240,000 in direct material costs
Calculate the amount of the loss recorded on the sale : On January 1, 2020, DZ-9Jb Company purchased a new machine for $131,000. The machine was assigned a residual value of $6,230 and an expected life of 20 years.
Evaluate the burden of debt : Evaluate the 'Burden of Debt' and examine the validity of learners claims regarding the impact of internal and external debts considering cases in Fiji.
How much should be pretax financial income subject to income : Goodwill impairment of P87,500 which will never be deductible for income tax purposes. How much should be the pretax financial income subject to income tax?
Calculate the amount of depreciation expense recorded : Company purchased equipment costing $214,000 on January 1, 2022. The equipment was assigned an estimated useful life of 15 years and an estimated residual value

Reviews

Write a Review

Financial Accounting Questions & Answers

  Link between return on capital expenditure and the returns

Why does the cost of capital constitute a direct link between return on capital expenditure and the returns required by capital investors?

  What price would you expect stock to trade immediately

f the company decides on a 2- for- 1 split, at what price would you expect the stock to trade immediately after the split goes into effect? Why do you think Fido’s board of directors decided to split the company’s stock?

  Educational requirement to sit for the cpa exam

Develop a thorough understanding of accounting standards and principles and fulfill the core accounting educational requirement to sit for the CPA exam.

  Amount of retained earnings

On January 1, year 2, Pane Corp. exchanged 150,000 shares of its $20 par value common stock for all of Sky Corp.'s common stock.

  Briefly describe metaphors credit card policy

Briefly describe Metaphors credit card policy

  The following three separate situations require adjusting

1.The following three separate situations require adjusting journal entries to prepare financial statements.

  What is the profitability index and what is conclusion

If XYS PV of Cash Inflows is $34,000 and the PV of outflows is $40,200, what is the Profitability Index, and what is your conclusion?

  Is long-term note payable an example of a current liability

Is Liabilities for gift cards and similar items must be kept on the balance sheet until they are redeemed, regardless of how long that takes.

  Which one of the two banks would prefer to deposit savings

Both banks return principal and interest at the end of five years. Which one of the two banks you would prefer to deposit your savings?

  Analyze a mixed cost using the high-low method

How fixed and variable costs behave and how to use them to predict costs, analyze a mixed cost using the high-low method and prepare an income statement using the contribution format.

  What amount will dudas report the bonds on december

On January 1, 20X4, Dudas Accounting Corp. bought $1,000,000, At what amount will Dudas report the bonds on its December 20X4 statement of financial position?

  Analyze at least items on the income statement

Analyze at least 3 -5 (three - five) items on the income statement for your base company that would be important to an investor and discuss

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