User Account

All Pages

How to find the per unit cost

Assignment Help Cost Accounting
Reference no: EM132562035

Red Chemical Inc. uses process costing system in its two producing departments. In department 2, inspection takes place at the 96% stage of completion, after which materials are added to good units. A spoilage rate of 3% of good output is considered normal.

Department 2 records for April shows:

Received from department 1 30,000 units

Cost $135,000

Materials $12,500

Conversion cost (labor + factory overhead) $139,340

Transferred to finished goods 25,000 units

Ending work in process inventory (50% complete) 4,200 units

Required:

Question 1: Computed the following:

a) Equivalent Production Units

b) Compute the per unit cost

c) Compute the cost of the units transferred to warehouse

d) Compute the cost of units in process on 30th April

e) explains how companies adjust their normal and abnormal losses during production

Reference no: EM132562035

Questions Cloud

About sub-sharan african countries because environments : It is very difficult to generalize about Sub-Sharan African countries because environments, political systems, and ethnic groups are so diverse;
How do they play role in your personal or professional life : How do they play a role in your personal or professional life? How could you imagine using each model as a practitioner-scholar working in your specialization?
Calculate the cost of living index : The following are the group index numbers and the group weights of an average working class family in Kazi kwa wazee city: Calculate the cost of living index
What does the use of such criteria represent : $28 million, was based on management criteria that did not directly relate to shipbuilding requirements. What does the use of such criteria represent?
How to find the per unit cost : How to Find the per unit cost. Explains how companies adjust their normal and abnormal losses during production. Received from department 1 30,000 units
Create your own study to address the gap : Our final project requires you to look at research surrounding one of several topics in the field of cognitive psychology, identify a gap in the current.
What are forecasted cash collections for the month of June : The pattern for credit receivables collections are: Month of Sale 60%. What are the forecasted cash collections for the month of June
Deals with relationship between countries in south asia : Find an article that deals with the relationship between countries in South Asia. What is the issue and how is this issue being resolved?
Calculate profit for each product by using physical unit : Calculate profit for each product by using Physical Unit Method. What is the variance between Physical Unit Method and Sales Value Method

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare income statements for both years

Prepare income statements for both years using both absorption and variable costing methods.

  Find the unknowns for each of the divisions

Overhead application: Working backward - The Towson Manufacturing Corporation applies overhead on the basis of machine hours.

  Prepare journal entries to record the 2014 transactions

At December 31, 2013, Crawford Company had a balance of $15,000 in Allowance for Doubtful Accounts. During 2014, Crawford wrote off accounts totaling $14,100.

  International accounting standards are lsquounusable from

international accounting standards are lsquounusable from an investors viewpoint and make lsquoglobal allocation of

  Compute the contribution margin per unit

Prepare a CVP income statement for the quarter ended March 31, 2011 and compute the contribution margin per unit.

  What are willow and trees realized gains on the properties

What are Willow and Tree's realized gains or losses on the properties exchanged, respectively?

  Capital intensive method labor intensive method

Explain the circumstance under which the Sanchez Company should employ each of the two manufacturing methods.

  Compute the predetermined overhead rate for each department

Agassi Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead is applied to jobs on the basis of direct labor cost in Department D, direct labor hours in Department E, and machine hours in Depar..

  Prepare a sales budget incorporating the given information

You are required to prepare a sales budget incorporating the above information - company plans to sell product A throughout the year at a price of Rs.10 per unit and product B at a price of Rs.16 per unit.

  Prepare a process cost report for july

Process Costing: One Process and Two Time Periods-FIFO Costing Method - From the information in the process cost report, identify the amount that should be transferred out of the Work in Process Inventory account, and state where those dollars shou..

  Discuss fundamental of cost management

Discuss any TWO of the concepts or tools Fundamental of Cost Management and how you would recommend the company uses

  What amount should be recorded as the cost of the land

Previn Brothers Inc. purchased land at a price of $29,210. Closing costs were $3,290. An old building was removed at a cost of $15,220. What amount should be recorded as the cost of the land?

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