What are the costs to be assigned to units

Assignment Help Accounting Basics
Reference no: EM13512605

Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process.

Assuming unit materials costs of $3 and unit conversion costs of $5, what are the costs to be assigned to units

(a) Transferred out and

(b) In ending work in process?

Reference no: EM13512605

Questions Cloud

Explain which one would reach the higher temperature : Assuming you have avaiable to you a 50.0 g sample of glass (c=0.0837 J/g C) and a 50.0 g sample of iron (c=0.0452 J/g C). Both samples start at room temperature, 24.3C. If 500.
Financial engineering and risk management : In providing protection against declining prices, the purchase of puts provides more reliable protection than does the writing of covered calls.
Develop the objective function and constraints : There is a maximum demand of 175 units per day for product A. Develop the objective function and constraints.
Define what ph is required to start precipitation of fe(oh)3 : What pH is required to start precipitation of Fe(OH)3 from a 0.110 M solution of FeCl3? Ksp of Fe(OH)3 = 4.0 10-29
What are the costs to be assigned to units : Clauss Company transfers out 14,000 units and has 2,000 units of ending work in process that are 25% complete. Materials are entered at the beginning of the process and there is no beginning work in process.
Define what can she do to purify the disodium malonate : A student accidentally mixed small pure white crystals of napthalene into a small vial containing small white crystals of disodium malonate. What can she do to purify the disodium malonate away from the naphtalene quickly
Obtain the angle that the rod makes with the horizontal : A uniform 1.9-kg rod that is 0.90 m long is suspended at rest from the ceiling by two springs, one at each end. Find the angle that the rod makes with the horizontal
Describe underapplied and overapplied overhead : Describe underapplied and overapplied overhead. What is commonly done with the underapplied or overapplied balance in the factory overhead account?
Discuss the organizational and manager-behavior : Assume that you are the division controller of Ajax. Would you recommend that Ajax supply fitting no. 1726 to Defco? Why or why not? (Ignore any tax issues.)

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the write-off rustin

If Congress reenacts additional first-year depreciation for 2010, Rustin elects not to take additional first-year depreciation. Determine the write-off Rustin can take in 2010.

  Explain how the lack of an ongoing accounts payable system

Explain how the lack of an ongoing accounts payable system will affect the auditor tests for the purchases and payables cycle. Your answer should also identify assertions and account balances affected.

  Journal entries to record the write-off of receivables

Prepare journal entries to record the write-off of receivables, the collection of $1,200 for previously written off receivables, and the year-end adjusting entry for bad debt expense.

  What are the major components of an internal control system

what are the major components of an internal control system? are these components always

  Importance of making short term-long term financial decision

Discuss the importance of making short term and long term financial decisions. Which is more important for the firms?

  Determine deductible expense for the year

She will use the automatic mileage method with these extrapolated results to determine her deductible expense for the year. Evaluate Joan's plan.

  Production worker or a supervisor

What is the probability the selected employee is a production worker? What is the probability the selected employee is either a production worker or a supervisor? Refer to part (b). Are these events mutually exclusive?

  Compute income tax payable-prepare journal entries

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2007. Prepare the income tax expense section of the income statement for 2007, beginning with the line "Income before income taxes."

  Decision dealing with excess supply or excess demand

a. Does Erin and Kyle's decision deal with excess supply or excess demand? b. What should Erin and Kyle do?

  Ricochet company completed 56000 units during the year at

ricochet company completed 56000 units during the year at a cost of 784000. the beginning finished goods inventory was

  Business ethics-ethics in selling

For many months your prospective ERP customer has been analyzing the hundreds of assumptions built into the $800,000 ERP software you are selling. So far, you have knocked yourself out to try to make this sale.

  Case study - forensic accountants: fraud busters

Exactly what forensic accountants are. People who work in this growing field investigate such white-collar crimes as business fraud, improper financial reporting, and illegal investment schemes.

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