Solution-Summarize total costs to account

Summarize total costs to account

Assignment Help Managerial Accounting

Reference no: EM132823729

Question - Weighted Average Method, Assigning costs. Consider the following data for assembly division of a satellite manufacturer:

Physical units (satellites) Direct materials Conversion costs Beginning work in process (May 1) 8 $5426960 $1001440

Started in May 2018 55

Completed during May 2018 51

Ending work in process (may 31) 12

Costs added during may 2018 $ 35420000 $ 15312000

1. Degree of completion, direct materials , 90%; conversion costs , 40%

2. Degree of completion, direct materials , 60%; conversion costs , 30%

The assembly division uses the weighted average method of process costing.

REQUIRED - Summarize total costs to account for and assign these costs to units completed (and transferred out) and to units in ending work in process.

Reference no: EM132823729

Questions Cloud

How peers and the media can influence socioemotional : What research and trends are you using for a scholarly basis of your opinion?

Find the cash that was collected on the contract : Find the cash that was collected on the contract but was not deposited as at December 31, 2019 is? Net income recognized in 2017 (before tax). 15,000

Evaluating the risks and benefits of option : Should U.S. based firms send expatriates to run an overseas operation or hire host country executives?

Discussing the concept of risk modeling : Your task this week is to write a research paper discussing the concept of risk modeling. Please also evaluate the importance of risk models.

Summarize total costs to account : Summarize total costs to account for and assign these costs to units completed (and transferred out) and to units in ending work in process

What beta co entry to record the settlement is : On August 17, 2019, when the option value is $24,000, Zion Co. settles the option for cash. Beta Co's entry to record the settlement is

Hofstede dimensions of culture : Setting up a joint venture between continents involves a number of cross-cultural challenges. In this case, a joint venture is set up between Singapore

What were some lessons you learned from jesus parables : Jesus Film (dvd on you tube), length a little over two hours. This film portrays the life and ministry of Jesus in the Gospel of Luke.

Explain the present value formula : Explain the present value formula. Explain the future value formula. Explain how changing the variables in the formula will affect the investment outcome.

User Account

All Pages

Summarize total costs to account

Reference no: EM132823729

Reference no: EM132823729

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT