User Account

All Pages

What was the conversion cost for february

Assignment Help Managerial Accounting
Reference no: EM133043987

Question - Star Repairs Co. does all the repair work for a medium-sized manufacturer of handheld computer games. The games are sent directly to Star, and after the games are repaired, Star bills the game manufacturer for cost plus a 20 percent markup. In the month of February, purchases of parts (replacement parts) by Star amounted to $97,000, the beginning inventory of parts was $38,500, and the ending inventory of parts was $15,250. Payments to repair technicians during the month of February totaled $52,500. Overhead incurred was $121,000.

Required -

a. What was the cost of materials used for repair work during the month of February?

b. What was the prime cost for February?

c. What was the conversion cost for February?

d. What was the total repair cost for February?

Reference no: EM133043987

Questions Cloud

How much gain does XYZ recognize in Year three : Carol owns 50% of the capital interest in ABC Partnership and 50% of the profits interest in XYZ Partnership. How much gain does XYZ recognize in Year three
Calculate purchasing power of this amount : Calculate purchasing power of this amount in 19 years from now. The average rate of inflation is 3.40 percent, compounded annually
Understanding of generic competitive strategies changed : How has your understanding of generic competitive strategies changed?
Effectiveness of the change implementation : Apply Tichy's (1983) integrated model to provide three (3) recommendations to increase the effectiveness of the change implementation.
What was the conversion cost for february : In the month of February, purchases of parts (replacement parts) by Star amounted to $97,000, What was the conversion cost for February
Accommodate external pressures : -Should self-awareness encourage you to alter your behavior to accommodate external pressures, or should it empower you to become steadfast in your identity?
Describe the mode of ethics management : Describe the mode of ethics management that is currently prevalent in SNA and give reasons for your answer
What is your view on ageism : -From review of the terms listed on resources presented, what type of diversity were you not aware before reading the materials?
Advantages and disadvantage of lectures base on our lecture : Lectures are very useful, but it has its own advantages and disadvantages. These are the advantages and disadvantage of lectures base on our lecture

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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