What are the equivalent units produced

Assignment Help Managerial Accounting
Reference no: EM132962005

Question - A department had $12,500 units which were 20% complete in beginning Goods in process inventory. During the current period, 60,000 units were transferred in. Ending Goods in process inventory was 15,000 units which were 70% complete. Assume this company uses the weighted-average method of process costing and direct material is added uniformly to the process. What are the equivalent units produced with respect to direct material?

Reference no: EM132962005

Questions Cloud

What is the average inventory held during the year : The company is using Economic Order Quantity model in placing the orders. What is the average inventory held during the year
What decision do reach if a new lower cost of capital equal : Using an appropriate decision-making technique, recommend which project should be selected. How much better is the chosen alternative over the worst alternative
Determine gain or loss from the exchange : Determine gain or loss from the exchange and prepare the entry to record acquisition of the new equipment under each of the following separate cases
Identify one application of waiting line model : Identify one application of waiting line model (queuing model) in your workplace, in which customers arrive for service such as at grocery checkout counter
What are the equivalent units produced : A department had $12,500 units which were 20% complete in beginning Goods in process inventory. What are the equivalent units produced
Compute the weighted average cost per unit : If you know that AMEER uses the ((perpetual inventory system)), compute the "weighted average cost per unit" on June 30. AMEER uses "Weighted Average method".
What is the simple rate of return on the new machine : The old machine can be sold now for scrap for $10,000. What is the simple rate of return on the new machine
Calculate Gary tax liability : Calculate Gary's tax liability as a result of the excess contribution and indicate how Gary can pay this tax Liability
Compute the cost of ending inventory for ameer inc : AMEER Inc, If you know that AMEER uses the ((periodic inventory system)) and ((FIFO Method)), compute the cost of "ending inventory"

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Compute the break-even point and total monthly fixed costs

Compute the break-even point in units and dollars and determine the variable cost per haircut and the total monthly fixed costs.

  Does this imply that the company should not sell them

The profit per peeler in part a is negative. Does this imply that the company should not sell them?

  How will variable cost per unit behave

Within the relevant range of activity, how will variable cost per unit behave? Its behavior cannot be determined without additional information

  What is the direct labor price variance for month of May

Direct labor cost for the month was $10,620, and the actual pay per hour was $18.00. What is the direct labor price variance for the month of May

  Create a cash budget for the summer and the first semester

Create a cash budget for the summer and the first semester of college. (Do the entire time period, do not break it down by week or by month.)

  What is the breakeven point in dollars

What is the breakeven point in dollars? (Round intermediate calculations to 4 decimal places and final answer up to the nearest whole number.)

  What will happen to the market price in the new short-run

Draw the picture showing any shifts in the supply. What will happen to the market price and market quantity in the new short-run equilibrium.

  Chemical for sterilizing killer bees

Your company just developed a chemical for sterilizing killer bees which are a nuisance. However U.S laws and regulations are strict regarding this sort

  What performance metrics could bronco use

What performance metrics could Bronco use to measure his strategic objective to serve customers satisfactorily

  Calculate the unit cost for the month for materials

Calculate the unit cost for the month for materials, labor, and factory overhead.Work in process, end of the month- 3,000 units, one-half completed.

  Prepare quarterly direct materials purchases budgets

Finished units of production require 8 pounds of raw material per unit. Prepare quarterly direct materials purchases budgets for Bellevue Industrial for 2017

  Explain the role of cost information

What would be the risks and the benefits associated with making this decision based on intuition? How would this be explained?

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