Find the cost per equivalent unit of direct material

Assignment Help Accounting Basics
Reference no: EM132714172

Question - On March 1, 2019, Annapolis Company 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. During the month 30,000 units were started. At the end of the month all started units were 50% complete with respect to conversion. Direct Materials placed into production had a total cost of $500,000 and the total conversion cost for the month was $413,000. Annapolis uses the weighted-average process costing method. Use this information to find the cost per equivalent unit of direct material for the month of March?

Reference no: EM132714172

Questions Cloud

Compute the annual yield to maturity-tully corporation : Tully Corporation bonds have 7 years to maturity. Interest is paid quarterly. The bonds have a $1,000 par value, coupon rate of 7% and a price of $1,073.69.
Assess overall audit risk and present supporting rationale : Using the factors identified in a) and b), assess the overall audit risk and present the supporting rationale
Implementation of the care plan : You are now in Phase 6 of your Capstone project. You have developed a comprehensive care plan for the aggregate.
Compute the new price of the bond-stark corporation : Stark Corporation issued bonds at $1,000 per bond. The bonds had a 35 year life with a coupon rate of 8% paid annually. Assume 10 years later
Find the cost per equivalent unit of direct material : Annapolis uses the weighted-average process costing method. Use this information to find the cost per equivalent unit of direct material for the month of March
Choose middle-range theory or grand theory : Choose a middle-range theory or grand theory that, in your opinion, can be applied to research. What are the assumptions underpinning this theory?
Determine and discuss the most effective costing method : Identify and discuss the fixed and variable cost of Apple, Critical success factors of Apple. Determine and discuss the most effective costing method for Apple
Compute the reorder point : Compute the reorder point assuming that safety stock is carried by Eyring Manufacturing. How much safety stock is carried by Eyring
Restrictive environment issue for children with disabilities : Choose one court case that has influenced least restrictive environment issues for children with disabilities. Why is this case significant?

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