What are the equivalent units for conversion costs

Assignment Help Accounting Basics
Reference no: EM132826402

Question 1: Face Shield Co. makes small metal containers. The company began December with 250 containers in process that were 30% complete to material and 40% complete to conversion costs. During the month, 5,000 containers were started. At month end, 1,700 containers were still in process (45% complete to material and 80% complete to conversion costs). Using the weighted average method, what are the equivalent units for conversion costs?

a. 4,610

b. 4,910

c. 3,450

d. 4,560

Reference no: EM132826402

Questions Cloud

How often do they useor purchase the product : Develop a survey of consumer intentions to determine if there will be a decrease in demand for your favorite product. The questions in your survey-opinion poll.
How many units were started the period : How many units were started this period? Hugas Camay Co. had beginning Work in Process Inventory of 5,000 units that were 40% complete to conversion
What is most significant role that financial markets play : Give three important reasons why there is a need to study financial markets. What is the most significant role that financial markets play
Explain product perspective of the quality : IMPORTANT NOTE: Pprovide your own examples Total Quality Management from your understanding.
What are the equivalent units for conversion costs : Face Shield Co. makes small metal containers. Using the weighted average method, what are the equivalent units for conversion costs?
Servant leadership in western culture and christianity : What is the comparison in servant leadership in Western culture and Christianity to other global perspectives of service and leadership?
What is the loss that should be recorded on this exchange : The fair market value of the old sailboat was $42.000. If this transaction has commercial substance, what is the loss that should be recorded on this exchange
Identify and describe the four stages of learning : Answer these question with chapter provided: Identify and describe the four stages of learning. Which stage do you believe is the most difficult for the teacher
Identify and address anomalies in data : Apply contemporary database modelling to identify and address anomalies in data and recommend solutions - assess business requirements

Reviews

Write a Review

Accounting Basics Questions & Answers

  The management of dewitz corporation is considering a

the management of dewitz corporation is considering a project that would require an initial investment of 73000. no

  Calculate the fair value of the plan assets at december

Calculate the fair value of the plan.Prepare the journal entries to reflect the accounting for the company's pension plan for the year ending December 31, 2020.

  The bookkeeper already corrected the sales account

One client indicated that they were interested in purchasing $42,500 worth of products. However, the client has not actually committed to the purchase

  Passive action had sales of 360000 during the current

passive action had sales of 360000 during the current period and a gross profit rate of 40. the companys cost of goods

  Compute the net present value and internal rate of return

Option A would have an initial lower cost. Compute the (1) net present value, (2) profitability index, and (3) internal rate of return for each option.

  Name the type of substantive audit procedure

Name the type of substantive audit procedure in EACH of the above and provide ONE key financial statement assertion to which it significantly relates.

  Explain how top management should be convinced

Evaluate the statement and explain how top management should be convinced about the advantages of using ABC to allocate overhead costs.

  Compute Susan individual shared responsibility payment

Susan is a single taxpayer, 26 years of age, with AGI of $28,000, Compute Susan's individual shared responsibility payment for 2018

  What is comparative analysis of financial statements

What is comparative analysis of financial statements and how do we go about completing such a task?

  Mikes bike shop has 5000 in current assets 10000 in fixed

mikes bike shop has 5000 in current assets 10000 in fixed assets 2000 in current liabilities and 3000 in long-term

  Compute the theoretical cycle time

Compute the (1) theoretical cycle time (in minutes), (2) actual cycle time (in minutes), (3) theoretical velocity (in units per hour), and (4) actual velocity

  Lispell co manufactures in-line skates that sell for 128 a

lispell co. manufactures in-line skates that sell for 128 a pair. the company is currently operating at capacity 2000

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