User Account

All Pages

What the cost of nhl ending work-in-process for january was

Assignment Help Managerial Accounting
Reference no: EM132540760

Point 1: On January 1st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $30,000 ($10,000 of Direct Materials and $20,000 of Conversion) which consisted of 20,000 units which were 40% complete with respect to conversion costs.

Point 2: During January, NHL started production on an additional 30,000 units and incurred $60,000 in Materials and $102,000 in Conversion costs.

Point 3: NHL's Ending Work-In-Process consisted of 10,000 units which were 80% complete with respect to conversion costs.

Point 4: NHL produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly.

Point 5: NHL uses a FIFO process costing system.

Question 1: The cost of NHL's Ending Work-In-Process for January was:

Option a) 148,000

Option b) 192,000

Option c) 40,400

Option d) 48,000

Reference no: EM132540760

Questions Cloud

What initial markup is needed for the retailer : A shoe retailer plans, for the period, What initial markup % is needed for this retailer's merchandise to achieve the desired profit goal?
What must be the variable cost per unit : What must be the variable cost per unit? (Round your answer to 2 decimal places.)
What would be the number of equivalent units of production : Find What would be the number of equivalent units of production with respect to conversion costs under the weighted-average method?
Write about abnormal findings of the tympanic membrane : Research the tympanic membrane and the thyroid gland. In a Microsoft Word document of 4-5 pages formatted in APA style, address each of the following criteria.
What the cost of nhl ending work-in-process for january was : During January, NHL started production on an additional 30,000 units, What The cost of NHL's Ending Work-In-Process for January was?
Discussion regarding data analytics and data mining : There is much discussion regarding Data Analytics and Data Mining. Sometimes these terms are used synonymously but there is a difference.
Discuss the role of non-executive directors : Critically discuss the role of non-executive directors importance in corporate governance following the 2007/2008 financial crisis.
Report evidence-based health promotion recommendations : Report three evidence-based health promotion recommendations with rationale from scholarly sources to support your recommendations.
According to comparative analysis of tools : According to the Comparative Analysis of Tools and Technologies for Policy-Making theory,

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the value of the ending finished goods inventory

What is the value of the ending Finished Goods Inventory? Other manufacturing overhead was $108,500, excluding indirect labor.

  Wonder enterprises uses a special scanner in its operations

Wonder Enterprises uses a special scanner in its operations.  Lately sales have increased to the point that it takes extra hours of overtime at night and on weekends to keep up with customer demand.  Management is considering purchasing a new faster ..

  Mr banner has recently contacted your accounting professor

mr. banner has recently contacted your accounting professor to find a replacement for his general manager and

  Compute the equivalent units of production

Compute the equivalent units of production for October assuming that the company uses the FIFO method for accounting for units and costs.

  What is the amount of underapplied or overapplied overhead

Whitley used 26,300 labor hours and total actual overhead was $633,000. What is the amount of underapplied or overapplied overhead?

  What was your impression of managerial accounting

For your final discussion board post, I would like each of you to reflect on what you have learned this semester. What was your impression of managerial.

  Company entries of accounts with tds

Company entries of Accounts with tds deducted/receivable company entries with s.tax recd/paid journal entries with TDS, S.Tax

  Identify an action where you work

Identify an action where you work that you don't feel adds direct value to your customer - important to the concepts we are studying this week is processes

  Prepare a production report for the department

Prepare a production report for the department using the weighted-average method.

  What is the weighted average contribution margin for abc

What is the weighted average contribution margin for ABC? ABC sells three types of ice cream: Vanilla, Caramels, and Chocolate.

  Which appropriate cost driver for allocating overhead costs

In a job shop, which of the following would be the most appropriate cost driver for allocating overhead costs to jobs? Machine-hours

  Calculate the average cost per equivalent unit

Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).

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