What cost per equivalent of production for direct materials

Assignment Help Managerial Accounting
Reference no: EM132523602

Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in its Polishing Department:

Equivalent units of production-direct materials 101,000EUP

Equivalent units of production-conversion 87,200EUP

Costs in beginning Work in Process-direct materials$56,700

Costs in beginning Work in Process-conversion$41,700

Costs incurred in February-direct materials$479,700

Costs incurred in February-conversion 602,500

Question 1: The cost per equivalent unit of production for direct materials is

Reference no: EM132523602

Questions Cloud

Compute the cost that would be assigned to the ending : Compute the cost that would be assigned to the ending Work in Process inventory for the period. A company uses the weighted-average method for inventory costing
Discuss some of the possible reasons for variability : Price earnings ratios for individual companies vary over time and among firms. Discuss some of the possible reasons for this variability.
What were the ramifications to the organization : Find an article online that discusses a breach or violation of a regulation, such as HIPAA, or of a standard such as PCI-DSS, GLBA, or FERPA. You can also look.
What is its future value at the end of four years : If you deposit $1,200 in the bank today, what is its future value at the end of four years if it is invested in an account paying 7.5% annual interest
What cost per equivalent of production for direct materials : What The cost per equivalent unit of production for direct materials is? Andrews Corporation uses the weighted-average method of process costing
Security issues : XYZ Enterprises has had many security issues over the past few months. You are a new hire and are now responsible for security at XYZ Enterprises.
How are the two types of operating systems similar : How are the two types of operating systems similar? Between the two types of Operating Systems, which of the two do you feel is more secure?
What is the present value of the annuity : What is the future value of a 4-year ordinary annuity (recall that ordinary annuities have end of year cash flows) of $1,200 if the appropriate interest rate)
You believe will come in handy in future classes : What are some of the key concepts/ideas you took away from the first half of the class that you believe will come in handy in future classes and/or your career?

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Which alternative is most cost effective and by how much

5,000 of cost that can be avoided if the services are purchased externally. which alternative is most cost effective and by how much?

  Compute the standard hours allowed per unit of product

For direct labor. Compute the standard hours allowed per unit of product. Compute the standard hours allowed for the month's production.

  Control mechanisms impact

Explain how control mechanisms impact the four functions of management at Walgreens.

  Decision making tool for department managers

HND Business - Management Accounting - Explanation of management accounting and the essential requirements of management accounting system

  Which subsidiary has added the most to shareholder value

Based on the limited information, which subsidiary is the best candidate for expansion?Explain.

  How many direct labor hours are used to manufacture

How much variable overhead cost is incurred to manufacture one unit of each of the company's five products? How many direct labor hours are used to manufacture

  Why sales forecast so important in developing master budget

Why is the sales forecast so important in developing the master budget? When would the master budget profit equal the flexible budget profit?

  The total percentage return to the peruvian investor

A Peruvian investor buys 180 shares of a U.S. stock for $8,100 ($45 per share). Over the course of a year, the stock goes up by $4 per share. a. If there is a 10 percent gain in the value of the dollar versus the Peruvian nuevo sol, what will be the ..

  Use the t account method to assist in your analysis

Prepare the statement of cash flows for Arduous Company. Use the T-account method to assist in your analysis.

  Describe how president lincoln war aims evolved

Describe how President Lincoln's war aims evolved between 1861 and 1863, changing from simply preserving the Union to also end slavery.

  Analyse the roles of cost and management

Each member of the group is to research the annual report (and corporate website for one major publicly listed Australian corporation

  Calculate the net benefit of accepting the special order

Calculate the net benefit of accepting the special order - The company's sales manager argues for rejecting the order because "we are not in the business of pay

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