For September, Murphy Company has manufacturing costs in BWIP equal to $100,000. During September, the manufacturing costs
Question:
For September, Murphy Company has manufacturing costs in BWIP equal to $100,000. During September, the manufacturing costs incurred were $650,000. Using the weighted average method, Murphy had 100,000 equivalent units for September. The equivalent unit cost for September is
a. $1.00.
b. $7.50.
c. $6.50.
d. $6.00.
e. $6.62.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
b 750 To calculate the equivalent unit c...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Question Posted:
Students also viewed these Business questions
-
Using the weighted average method of perpetual inventory costing and the information presented in E, compute the cost of materials used and the cost of the July 31 inventory. (Round unit prices to...
-
For August, Kimbrell Company has costs in BWIP equal to $50,000. During August, the cost incurred was $450,000. Using the weighted average method, Kimbrell had 125,000 equivalent units for August....
-
Redo Problem 11.6 using the weighted average method [Eq. (11.68)] to calculate the stress increase in the clay layer. In problem 11.6 Refer to Figure 11.43. Considering the soil to be a uniform clay...
-
There are three mutually exclusive projects, where the basic information is provided below. Assume a DN alternative does not exist. Initial Cost Annual net profit Useful Life Salvage value A $25,000...
-
Jack is starting a business that he expects to produce $60,000 of income this year before compensating Jack for his services. He has $1,000 of other income and itemized deductions totaling $10,000....
-
For each of the following relations, indicate the normal form for that relation. If the relation is not in third normal form, decompose it into 3NF relations. Functional dependencies (other than...
-
What are stratified societies and what kinds of social systems are they identified with?
-
Consider this sign seen in a local restaurant: To-go orders do NOT include complimentary chips and salsa. If you have any questions, see our management, NOT our employees. What Impact does this...
-
Suppose that Sony sold $1,040,000, 5-year, 7% bonds on January 1, 2025 for $1,008,000. The company uses straight-line amortization. Complete the following bond amortization schedule for 2025 and...
-
20. What is the IPv6 address of the computer making the DNS AAAA request? This is the source address of the 20th packet in the trace. Give the IPv6 source address for this datagram in the exact same...
-
During June, Kimbrell Manufacturing completed and transferred out 100,000 units. In EWIP, there were 25,000 units, 40 percent complete. Using the weighted average method, the equivalent units are a....
-
During June, Faust Manufacturing started and completed 80,000 units. In BWIP, there were 25,000 units, 60 percent complete. In EWIP, there were 25,000 units, 40 percent complete. Using FIFO, the...
-
In Problems 2532, write each inequality using interval notation, and graph each inequality on the real number line. -2
-
Based on the materials provided, how (if at all) does the GIM investment methodology differ from the approach used by traditional value investors (i.e., a strategy of buying when the intrinsic value...
-
Audit Team Deliverable 2 Audit Manager Sharon Gallagher and Audit Senior Josh Thomas previously met with the Alpine Bags Ltd. Finance Director, Andrew Jones, to gain an understanding of the internal...
-
1. Do companies need managers? Evaluate the role of the manager, drawing on relevant theoretical perspectives to provide an explanation of their importance to an organization.
-
M4 Recommend legal solutions for resolving a range of disputes, using examples to demonstrate how a party might obtain legal advice and support. Give examples of the type of support they provide...
-
Provide a summary and critical evaluation of a range of legal solutions, to include accessibility, speed of resolution, costs, and the binding nature of resolutions. This could include an evaluation...
-
A large hospital uses a certain intravenous solution that it maintains in inventory. Pertinent data about this item are as follows: a. Design a reorder point system of control for this item. b....
-
Find the volume of the described solid S. A frustum of a right circular cone with height h, lower base radius R, and top radius r -r- --R
-
A CEO tells you, "Division A always reports large, favorable variances. This saves us a lot of time, because we do not have to spend time reviewing their results." Comment.
-
A CEO tells you, "Division A always reports large, favorable variances. This saves us a lot of time, because we do not have to spend time reviewing their results." Comment.
-
Data-2-Go manufactures and sells lash drives. The company produces only when it receives orders and, therefore, has no inventories. The following information is available for the current month:...
-
The following data was extracted from the records of DT Ltd on 28 February 2021, the end of their financial year: R Share capital (900 000 shares at R2 par value) 1 800 000 Retained income 160 000...
-
THE FIRST ONE WITHOUT AN IDE AND THE SECOND ONE WITH AN IDE Task Description complete a Java application to draw different shapes with the specified color and size, subject to the following...
-
Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, IR. IP is expected to be 3% and IR 6%. A stock with a beta of 1 on IP...
Study smarter with the SolutionInn App