Find direct materials and conversion costs per equivalent

Assignment Help Managerial Accounting
Reference no: EM132951344

Problem 1: The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Com-pany is $432,000. The conversion cost for the period in the Rolling Department is $144,150. The total equivalent units for direct materials and conversion are 2,400 tons and 2,325 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

Reference no: EM132951344

Questions Cloud

How important is to trace costs appropriately and explain : Explain What implications does each of these have on such things as financial reporting of profit and pricing your products for the marketplace?
Compute additional annual cash inflow for zen manufacturing : Zen Manufacturing Company is considering replacing a four-year-old machine, compute the additional annual cash inflow if the old machine is replaced.
What would journal entry to record transaction for mr davis : Assume that in a common-law state Mr. Davis,What would journal entries to record transaction for Mr. Davis look like the following the Court of Claims decision?
To what extent would cm approach better assist management : To what extent would the CM approach better assist management in ensuring that all costs will be covered? You think that under absorption costing.
Find direct materials and conversion costs per equivalent : The total equivalent units for direct materials and conversion are 2,400. Find the direct materials and conversion costs per equivalent unit.
What are total equivalent units for conversion costs for oak : During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons. What are the total equivalent units for conversion costs?
What are total equivalent units for direct material for july : The ending work in process inventory. What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?
Expansion of production facility : Energy East Corporation is considering an expansion of their production facility. The financial data is as follows:
Why is it important for professionals in finance : Why is it important for professionals in finance to have a working knowledge of some of the statistical techniques and analytical techniques used in financial a

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Should be closed if none of the fixed operating costs

Sales revenue and is included in the cost figures noted above. Which department(s), if any, should be closed if none of the fixed operating costs can be avoided

  Prepare quarterly direct materials purchases budgets

Prepare quarterly direct materials purchases budgets for Roehler Industrial for 2011.

  What is bank account worth at the end of the fifth year

Australian "Outback" Country for an extended vacation. What is her bank account worth at the end of the fifth year before she heads to Australia?

  Find what the profitability index equals

Find what The profitability index equals? A firm is considering a project with an initial investment of $3,000,000. The firm's cost of capital is 12%

  What problems relating to the company

What problems relating to the company's activities are revealed by the statement of cash flows that you have prepared?

  Prepare operating activities section of the statement

Revenue from fees $600,000 and Net Income $180,000. Prepare operating activities section of the statement of cash flows using the direct method

  Explain the differences between the unit overhead costs

Discuss the advantages and disadvantages of organization aldecentralisation - Explain the differences between the unit overhead costs in percentages between (a) and (b) above.

  What sales volume is needed to cover all expenses

What sales volume is needed to earn a specific amount of net operating income? What sales volume is needed to cover all expenses?

  What would prophet have been on the special order

A company offered to buy 4260 units for $13.86 each. X company had the capacity to produce the additional 4260 units, What would Prophet have been

  Provide two examples of managerial activities

Provide TWO (2) examples of managerial activities or decision makings that would be taken by Mr. Amirul as a senior accountant at a city council.

  What is the inventoriable cost per unit of product

What is the inventoriable cost per unit of product # 101? Ray Smith Company for the month of January:Number of units manufactured95,000

  What is the revenue for the breakeven sales for zion sports

What is the revenue for the breakeven sales for Zion Sports and Neo Distributors? What is the total fixed costs for Neo Distributors

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