Which manufacturing cost type cost incur in june opening wip

Assignment Help Cost Accounting
Reference no: EM132633799

Question 1: Mayburns, a brand of mass produced sunglasses are made using metal frames (which are added at the beginning of production), plastic lens (added when the units are 50% complete) and paint (added when the units are 80% complete). Conversion costs are incurred uniformly throughout the production process. In June the opening WIP contains units that are 45% complete. Indicate in the following table which costs have been incurred for these units in opening WIP (for each row select the appropriate answer from the drop-down options): Manufacturing cost type Cost incurred in June opening WIP?

Reference no: EM132633799

Questions Cloud

What is the manufacturing overhead per unit of executive : Fantastic Ltd., Under an activity-based costing system, what is the manufacturing overhead per unit of Executive cabinets? Show your answer to 2 decimal places.
Find time-honoured tradition of all cultures : Is there a need for escapist fiction now more than ever- or is seeking escape from reality a time-honoured tradition of all cultures?
Which would be classified as a facility-level cost : Orange Orchards is a producer of premium juice. Which of the following would be classified as a facility-level cost? Insurance cost for the orchard
Find connection between the premises and conclusion : 1. If the premises of an argument, taken as a set, are inconsistent, is the argument valid, or invalid?
Which manufacturing cost type cost incur in june opening wip : WIP (for each row select the appropriate answer from the drop-down options): Manufacturing cost type Cost incurred in June opening WIP?
What is mill theory behavior : He claims that what he is doing is perfectly ethical according to Mill's theory of morality. What is Mill's theory behavior?
Which consider disadvantage of activity based costing : Compared to traditional costing methods, which of the following are generally considered disadvantages of Activity Based Costing?
Worthiness and reasonableness janet argument : When presented with a claim unsupported by reasons (for example, "the health risks of vaping have been underestimated")
Calculate the selling price of afternoon sweet : Sweet Tooth calculates selling prices for its products using a mark up of 50% on full product cost. Calculate the selling price of Afternoon Sweet.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Prepare the journal entries to record the assignment

Prepare the journal entries to record the assignment of direct materials, direct labor, and manufacturing overhead costs to production.

  What is the actual price paid by rexford to purchase

What is the actual price paid by Rexford to purchase an ounce of direct material? The about Rexford Corporation's direct material cost

  1 what are some ways that customers affect a firms costs 2

1. what are some ways that customers affect a firms costs? 2. what is the objective of joint cost allocation?3. when

  What is the internal rate of return of the investment

Assuming Tanya wishes to evaluate the project with a 7-year time horizon, what is the internal rate of return of the investment?

  Calculate sivuyiles weighted average cost of capital

Calculate the NPV for each machine and decide which machine Thabile should invest in. Thabile's cost of capital is 12%.

  What is amount of goodwill resulting from acquisition

Determined that the inventory of Son had a fair value of $380,000 and the property and equipment (net) had a fair value of $1,120,000. What is the amount of goodwill resulting from the acquisition?

  Compute the firms predetermined overhead rate for the year

Compute the firm's predetermined overhead rate for the year using each of the following common cost drivers: (a) machine hours, (b) direct-labor hours, and (c) direct-labor dollars.

  Explain the primary ways in which finance leases

Evaluate whether ABC Wines should go ahead with the installation of the new irrigation system and whether they should use the purchase or the lease option.

  Prepare a cash budget for december and january

Prepare a cash budget for December, January and February. When will Jodie products be able to repay the loan?

  How absorption costing net income differ from variable cost

If production is greater than sales, how does absorption costing net income differ from variable costing net income? In the long run, will net income be higher or lower under variable costing compared to absorption costing?

  Compute the difference between outback corporation

Compute the difference between Outback Corporations 20x1 reported income calculated under absorption costing and calculated under variable costing.

  Prepare analysis on per unit basis showing finished bookcase

Variable finishing costs are expected to be $7 per unit with no increase in fixed costs. Prepare an analysis on a per unit basis showing whether Chudrick should sell unfinished or finished bookcases.

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