What is the equivalent production for conversion costs

Assignment Help Accounting Basics
Reference no: EM132782168

Pure Spring Water Company bottles spring water. The spring water first undergoes filtration in Department 1 and is eventually bottled in Department 2. A quantity schedule for May 2011 follows:

Department 1:                                                    Department 2:

Units started in process 110, 000                   Units received from Department 1 80, 000

Units transferred to Department 2 80, 000          Units transferred to finished stock 61, 400

Units in process, end 30, 000                             Units in process, end 18, 600

Units in process at the end in both departments are 72%.

Question 1: In Department 2, what is the equivalent production for conversion costs?

Reference no: EM132782168

Questions Cloud

What the cost per equivalent unit under weighted average : What the cost per equivalent unit (rounded to nearest centavo) under weighted average? Units - 500 (with all materials added and 50% of labor and overhead)
What is Brian gross pay for the week : Brian worked 7 hours of overtime on a job for which the customer required the work to be completed on the same day. What is Brian gross pay for the week
What colonial polices led to beginning of indian nationalism : How did Britain secure its hold on India, and what colonial polices led to the beginning of Indian Nationalism? How did Britain secure its hold on India.
What amount of gross profit would be recognized : If the company instead uses the cost recovery method, $690,000 in gross profit would be recognized in 2016. What amount of gross profit would be recognized
What is the equivalent production for conversion costs : In Department 2, what is the equivalent production for conversion costs? The spring water first undergoes filtration in Department 1
What classist micro aggressions have you witnessed : From Smith & Redington, "Class Dismissed: Making the Case for the Study of Classist Micro aggressions", consider your own experiences in higher education.
At what level of inventory should the business reorder tyre : Aristotle Ltd holds a particular type of tyre for which annual sales are $468,000. At what level of inventory should the business reorder this tyre
What the equivalent units for march conversion costs were : Using the FIFO method, the equivalent units for March conversion costs were. Richardson Company computed the flow of physical units completed for Department M
What are the equivalent units to be used in the calculation : Using the weighted-average cost flow method, what are the equivalent units to be used in the calculation of costs for October?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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