What are the fabrication department equivalent units

Assignment Help Managerial Accounting
Reference no: EM132996547

Arona Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arona uses a weighted-average process cost system to collect costs in both departments.

All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 30 canoes in process that were 20% complete with respect to conversion cost. On July 31, Fabrication had 20 canoes in process that were 40% complete with respect to conversion cost. During July, the Fabrication Department completed 84 canoes and transferred them to the Waterproofing Department.

Problem 1: What are the Fabrication Department's equivalent units of production related to materials for July?

Multiple Choice

Option 1: 92
Option 2: 76
Option 3: 114
Option 4: 104

Reference no: EM132996547

Questions Cloud

Find what are the fabrication department equivalent units : The canoes are then transferred to the Waterproofing, What are the Fabrication Department's equivalent units of production related to conversion costs for July?
Creating objects for the garden naturally database : Problem: Garden Naturally is a company that provides products for the organic gardening community. Sales representatives are responsible for selling to distribu
Engage in inappropriate ethical behavior : a) Please discuss one way a corporate board member might engage in inappropriate ethical behavior, and explain why it could be a problem for the company and how
Limited technological and geographical access : The COVID-19 pandemic sent the world into a global lockdown and fueled a scientific race to find an effective vaccine to help populations and socioeconomic syst
What are the fabrication department equivalent units : Arona Corporation manufactures canoes in two departments, What are the Fabrication Department's equivalent units of production related to materials for July?
What is the purpose of a key operating principle : Collaboration in a business environment is a best practice that leverages the collective knowledge of the team that is assembled. Peer evaluation and support, p
What total cost to be accounted for under weighted-average : In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be
Why companies consider exporting : List and briefly describe the main reasons why companies consider exporting.
Convertible model monthly contribution : The Car Lot is a New York car dealership located in a highly visible area along a prominent highway. Fred Barns, owner of The Car Lot, is trying to decide how m

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate the contribution margin by package

Jonah Hill Company manufactures two products. Determine the breakeven point in total units, and how much would come from products X and Y

  What was the end of the year balance in finished goods

What was the end of the year balance in finished goods? Pauline's Printers Inc. creates custom print work such as wedding invitations, graduation announcements

  What are the balances accounts as of december

Determine What are the balances accounts as of December 31? Refer to the Chart of Accounts for exact wording of account titles.

  What would be the maximum purchase price happy pet

What would be the maximum purchase price Happy Pet would be willing to pay for the bottles? Why? Should Happy Pet Co. make or buy the bottles

  Determine pitchforks eps for net income

Determine Pitchforks EPS for Net Income, Dividends of $90,000 were declared on December 10, 2020; to be paid on January 10, 2021.

  How many dozens of ears of corn must corny and sweet sell

$3.75, variable costs are $1.25 per dozen, and total fixed costs are $750.00. How many dozens of ears of corn must Corny and Sweet sell to breakeven?

  Describe three capital structure issues

Question - Describe three capital structure issues that financial managers must address and explain the effects and significance of these issues

  What is the difference in the annual inflation rates

The expected exchange rate in three years is RUB 37.75. What is the difference in the annual inflation rates for the United States and Russia over this period

  How salary paid to a corporate office secretary would be

How The salary paid to a corporate office secretary would be classified as a(n)?manufacturing overhead cost/administrative expense

  Assess the suitability of the investment

Assess the suitability of this investment using both discounting and non-discounting methods. Mumias Milling Company purchased a grinder at a cost of Sh.5.5

  Determine the predetermined overhead rate

When setting its predetermined overhead application rate, Tasty Turtle estimated its overhead would be $75,000. Determine the predetermined overhead rate

  Evaluate the performance of the two divisions assuming bmi

Refer to the data in Exercise. In Exercise, Back Mountain Industries (BMI) has two divisions: East and West. BMI has a cost of capital of 15%. Selected financial information (in thousands of dollars) for the first year of business follows:

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