User Account

All Pages

What department x cost per equivalent unit

Assignment Help Managerial Accounting
Reference no: EM132693145

The following information is available for Department X for the month of August:

Work in process, August 1:

Materials $8,480

Conversion costs. $15,900

Costs added during August:

Materials $29,680

Conversion costs $26,500

Equivalent units of production (weighted average):

Materials 4,240

Conversion 5,300

Problem 1: Department X's cost per equivalent unit with respect to conversion, using the weighted average method would be:

a.$8.00.

b.$3.00.

c.$9.00.

d.$5.00.

Problem 2: The two methods of treating beginning work-in-process inventory in process costing are:

a.weighted average and FIFO.

b.FIFO and LIFO.

c.weighted average and LIFO.

d.weighted average and exact costing.

Reference no: EM132693145

Questions Cloud

Summary of current media piece you are analyzing : Write a 350 word analysis about juvenile attitudes toward police. Consider recent cases in the media regarding juvenile interactions with police departments.
Evaluate what the contribution margin was : Evaluate what the contribution margin was? Sales were $750,000, the variable cost of goods sold was $400,000, the variable selling and administrative expenses
Evaluate business-level strategy of either starbucks : Evaluate business-level strategy of either Starbucks or Lockheed Martin to determine whether you believe strategy is appropriate to offset forces in industry
What are the long term effects of the misuse of medication : Research the controversy associated with the misdiagnosis of ADHD including the reasons why frequent inappropriate diagnosis occurs. What specific behaviors.
What department x cost per equivalent unit : Work in process, August 1, What Department X's cost per equivalent unit with respect to conversion, using the weighted average method would be
Provide the journal entry for warranty expense : Provide the journal entry for (a) the estimated warranty expense on August 31 for August sales and (b) the September 12 warranty work
What you hope to gain from it for your research process : Create five questions which can be used within a survey research process to identify if there is an existing sense of community within your local community.
How many equivalent units of production did forward co : In the current period, Assuming no beginning work in process, how many equivalent units of production did Forward Co. produce for the period?
Balance sheet-income statement-statement of cash flows : Define and explain balance sheet, income statement, and statement of cash flows. Explain why the analysis of a statement of cash flows is important to investors

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine the change in squawk box accounting

Determine whether the change in Squawk Box's accounting method will require an adjustment of income under IRC §481 and determine the timing

  Explore the usefulness of activity - based costing

Explore the usefulness of Activity - based costing in the implementation customer profitability analysis (CPA) in service industry and give the example.

  Compute arrows direct material variances

Compute Arrows direct material variances and compute Arrow's direct labor variances and prepare a flexible budget for 20,000, 22,500, and 25,000 units of activity.

  Find what would be the total budgeted overhead cost

Find What would be the total budgeted overhead cost for next month if the activity level is 2,200 machine-hours rather than 2,300 machine-hours?

  Prepare the monthly flexible selling expense budget

Prepare the monthly flexible selling expense budget for Podism Company for sales volumes of $270,000, $350,000, and $480,000, based on the data

  Determine the total amount that would be paid

Paid a total of $162 in rent in September and in October they paid $195 for 3500 copies. Determine the total amount that would be paid for 1800 copies

  Compare the effects of dropping the ski line

Complete the to compare the effects of dropping the ski line of products. Enter all amounts as positive numbers except for a net loss. If an amount is zero, enter "0".

  Find the value of good units completed

Find The value of good units completed and transferred out, Cost/equivalent unit for transferred-in costs, Cost/equivalent unit for conversion costs

  What transfer price should be set for east meets west ltd

If East Meets West Ltd. desires to minimize its total income taxes, calculate the amount of tax liability in each country in Canadian dollars.

  Compute total equivalent units for conversion under the fifo

Compute the cost of goods completed and transferred out under the weighted-average method. Compute total equivalent units for conversion under the FIFO method.

  What overhead applied to regular using activity-based

What Overhead applied to Regular using activity-based costing is? Boswell Company manufactures two products, Regular and Supreme.

  What was total amount of the company merchandise purchase

Last month, the company's cost of goods sold was $84,000. What was the total amount of the company's merchandise purchases for the month?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd