What would be the material cost per unit

Assignment Help Financial Accounting

Reference no: EM131258157

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,266. Of the $12,266, $8,009 was for material and $4,257 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $27,251. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $31,232 and factory overhead was $18,549. If the average cost method is used what would be the material cost per unit (to the nearest cent)?

Reference no: EM131258157

Questions Cloud

Regarding the division of net income : Xavier and Yolanda have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 20%; salary al..

Determine inventory cost by the first-in first-out method : The units of an item available for sale during the year were as follows: January 11 Inventory 60 units @ $145 February 27 Purchase 90 units @ $150 November 21 Purchase 75 units @ $154 There are 48 units of the item in the physical inventory at Decemb..

What is michelle and jonathon realized gain or loss : On March 31,2016 Jonathan and Michelle sold their personal residence for $529,000. The sale was conditional on them replacing the driveway at a cost of $6,400. They also repainted the house at a cost of $2,800. The real estate commission on the sale ..

Amortization of the bond premium on the straight-line method : On January 1, 2008, Hernandez Corporation issued $9,000,000 of 10% ten-year bonds at 103. The bonds are callable at the option of Hernandez at 105. Hernandez has recorded amortization of the bond premium on the straight-line method (which was not mat..

What would be the material cost per unit : Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,266. Of the $12,266, $8,009 was for material and $4,257 was for conversion costs. All materials are added at the beginning of the ..

What was the number of equivalent units of production : If Department H had 526 units, 54% completed, in process at the beginning of the period, 6,379 units were completed during the period, and 575 units were 34% completed at the end of the period, what was the number of equivalent units of production fo..

Principles of auditing and other assurance services : Our discussion this week will focus on the factors listed on page 649 (Principles of Auditing and Other Assurance Services. 20th ed.) which are likely to be material from a qualitative perspective. If you carefully consider those factors listed, many..

Activity-based costing data deluxe tourist annual sales : Enter a formula into each of the cells marked with a below Review Problem: Activity-Based Costing Data Deluxe Tourist Annual sales in units 2,000 10,000 Direct materials per unit $25 $17 Direct labor-hours per unit 5 4 Direct labor rate $12 per DLH E..

Compute the federal income tax withholdings : Walmart pays its employees on a weekly basis. Using the wage bracket tables, compute the federal income tax withholdings for the following employees

User Account

All Pages