24) You are given the following details: Completed and transferred out during current period Work in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
24) You are given the following details: Completed and transferred out during current period Work in process, ending Accounted for Equivalent units of work done in current period Costs details: Work process beginning Costs added during the period O $400 Transferred-in $22,000 $45,000 114,000 Equivalent Units Transferred-Direct in Costs 60 40 100 Direct material $2,000 22,000 Conversion Materials Costs 60 0 60 Conversion costs $24,000 62,400 60 30 If you know that the company uses weighted average in process costing. The direct material cost per equivalent unit is: O $60 O $366.67 90 24) You are given the following details: Completed and transferred out during current period Work in process, ending Accounted for Equivalent units of work done in current period Costs details: Work process beginning Costs added during the period O $400 Transferred-in $22,000 $45,000 114,000 Equivalent Units Transferred-Direct in Costs 60 40 100 Direct material $2,000 22,000 Conversion Materials Costs 60 0 60 Conversion costs $24,000 62,400 60 30 If you know that the company uses weighted average in process costing. The direct material cost per equivalent unit is: O $60 O $366.67 90
Expert Answer:
Answer rating: 100% (QA)
As We know that Cost per Equivalent Unit Direct Material Beg... View the full answer
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
Posted Date:
Students also viewed these accounting questions
-
Given the following processes, their arrival time and next CPU burst time, develop CPU schedule for each of the following scheduling algorithms and answer related questions: Process P1 P2 P3 P4...
-
The Coogan Construction Company has determined that the expected completion time for its most popular model home follows the normal probability distribution with a mean of 25 weeks and a standard...
-
The local fire department has determined that the Sleep-Eazy Mattress Company is not in full compliance with local fire regulations. To comply, Sleep-Eazy has two alternatives: It may install an...
-
Question 13 Case Study - Little Pear Administration Pty Ltd (LPA) You are the payroll officer for Little Pear Administration Pty Ltd (LPA). Debra Foy is a company employee and has approached you with...
-
Under the allowance method, will the actual write- off of an uncollectible account have a net effect on the financial statements? Explain.
-
How do play-based frameworks encourage exploration?
-
Zeds Manufacturing incurred the following costs in acquiring land, making land improvements, and constructing and furnishing a new building. Zeds Manufacturing depreciates buildings over 50 years,...
-
Consider a variation of the PDC decision tree shown in Figure. The company must first decide whether to undertake the market research study. If the market research study is conducted, the outcome...
-
Investigate the utilization of advanced geotechnical instrumentation and monitoring systems, such as inclinometers, piezometers, and ground-penetrating radar (GPR), for characterizing soil-structure...
-
The information listed below refers to the employees of Lemonica Company for the year ended December 31, 2016. The wages are separated into the quarters in which they were paid to the individual...
-
Ida Sidha Karya Company is a family-owned company located on the island of Bali in Indonesia. The company produces a handcrafted Balinese musical instrument called a gamelan that is similar to a...
-
Discuss the economic arguments concerning restrictions on immigration. Be sure to include in your discussion both economic analysis and empirical evidence. Explain why a hedonicwage function might...
-
The density of hydrogen gas, H_2(g), at STP has been measured to be 0.08988 g/L. Calculate the molar volume of this gas at STP. Calculate the per cent deviation of this value from the molar volume of...
-
Kyle, a single taxpayer, worked as a freelance software engineer for the first three months of 2023. During that time, he earned $90,000 of self-employment income. On April 1, 2023, Kyle took a job...
-
1. Design the electrical circuits to realize the following differential equation with zero initial condition. dy(t) dt 2. Determiner where the filter is the low pass filter of high pass filter and...
-
1. HCl is a covalent (molecular) compound in the gas phase. Does your data indicate that HCI behaves as molecules or ions when dissolved in water? Explain your conclusion. 2. Write a chemical...
-
What kind of working capital policy does the company use? By the way here is the link for the financial statement for the year 2020 and 2019:...
-
Calculate the change in entropy when 100 kJ of energy is transferred reversibly and isothermally as heat to a large block of copper at (i) 0 C, (ii) 50 C.
-
Explain the reasoning for including the payment of dividends in the financing section of the statement of cash flows.
-
terms of strategic positioning, which two general strategies may be chosen by a company? a. Activity-based costing and value chain emphasis b. Revenue production and cost enhancement c. Cost...
-
Dagmar Company budgeted the following amounts: Variable costs of production: Direct materials ........ 3 pounds @ 0.80 per pound Direct labor ........... 0.5 hr. @ $12.00 per hour Variable overhead...
-
How reliable is the model in Task 6? Task 6 An HIV researcher explored the factors that influenced condom use with a new partner (relationship less than 1 month old). The outcome measure was whether...
-
An HIV researcher explored the factors that influenced condom use with a new partner (relationship less than 1 month old). The outcome measure was whether a condom was used (use: condom used = 1, not...
-
A female who used a condom in her previous encounter scores 2 on all variables except perceived risk (for which she scores 6). Use the model in Task 6 to estimate the probability that she will use a...
Study smarter with the SolutionInn App