The corporation uses the weighted-average process costing

Assignment Help Accounting Basics

Reference no: EM13591000

The Corporation. uses the weighted-average process costing system that calculates normal rework as 2% of the units passing inspection. The inspection point is at 75% point and units failing inspection are returned to the 40% point. During the current period, 50,000 units were started, 62,000 units inspected; and 52,000 units completed. Direct Material is added at the 50% point and conversion occur uniformly. Beginning work in process was 10,000 units, 55% complete and ending work in process was 8,000 units, 85% complete.

Costs per equivalent unit for material were $1.00 and $3,00 for conversion costs.
Number of units reworked is?
What is amount of abnormal rework?

Reference no: EM13591000

Questions Cloud

The company uses the weighted-average cost method in its : miller company manufactures a product for which materials are added at the beginning of the manufacturing process. a

David a cpa for a large accounting firm works 10- to : david a cpa for a large accounting firm works 10- to 12-hour days. as a requirement for his position he must attend

Weisinger corporation has provided the following data for : weisinger corporation has provided the following data for the month of january inventories beginning ending raw....

At the end of 2014 aramis company has accounts receivable : at the end of 2014 aramis company has accounts receivable of 901710 and an allowance for doubtful accounts of 49850. on

The corporation uses the weighted-average process costing : the corporation. uses the weighted-average process costing system that calculates normal rework as 2 of the units

For a sailboat to reach a destination directly upwind it is : for a sailboat to reach a destination directly upwind it is necessary to tack left and right to the direction of the

Errors in recognizing inventory purchases in the correct : errors in recognizing inventory purchases in the correct year typically reverse in two years. suppose a company defers

Assume the total conversion costs allocated to completed : assume there were 6000 units in beginning work in process 60 complete 20000 units were completed during the month.

Freeflight airlines is presently operating at 70 percent of : freeflight airlines is presently operating at 70 percent of capacity. management of the airline is considering dropping

User Account

All Pages