User Account

All Pages

Find the equivalent units of production for conversion costs

Assignment Help Managerial Accounting
Reference no: EM132759826

Problem - Jones Corporation uses a first-in, first-out (FIFO) process cost system. Jones has the following unit information for the month of August:

Units

Beginning work in process inventory, 100% complete for materials, 75% complete for conversion costs 10,000

Units completed and transferred out 90,000

Ending work in process inventory, 100% complete for materials, 60% complete for conversion costs 8,000

Required - Find the equivalent units of production for conversion costs for the month of August?

a. 87,300 units.

b. 88,000 units.

c. 92,300 units.

d. 92,700 units.

Reference no: EM132759826

Questions Cloud

Publicly traded entity in any sector : You will select a publicly traded entity in any sector and discuss relationship between risk and reward for variety of situations.
State the classification of the property with relevant mfrs : State the classification of the property with relevant MFRS. The company provides security and maintenance services to the lessees who occupy the building.
Strengths of the north american workforce : What could the North American workforce offer that might not be available in offshore regions?
What clinical problem or issue your facility is facing : Determine what clinical problem or issue your facility is facing. Discuss two implications for nursing. The response must be typed, double spaced.
Find the equivalent units of production for conversion costs : Units completed and transferred out 90,000. Find the equivalent units of production for conversion costs for the month of August
Are search results in google fair game : Are search results in Google, YouTube, Facebook, Twitter, and other social media sites fair game, specifically when an employer is looking to fire an employee?
What were the specific strategies and tools : What were the specific strategies and tools that were used most effectively? Does the fact that Medicare Part D passed corresponds with your understanding.
What should the internet company do : What should the Internet Company do? This opportunity if executed would make money for the shareholders, as it would be the first Internet Company allowed
Prepare cost of production report for the Sifting Department : During May, 18,000 units of flour were completed and transferred to finished goods. Prepare cost of production report for the Sifting Department

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd