Buckys Boxes makes boxes for moving. It sells its boxes to major national moving companies. Because of
Question:
REQUIRED
1. Compute equivalent units for each cost category.
2. Summarize total costs to account for, and assign total costs to units completed and transferred out and to units in ending work in process.
Transcribed Image Text:
cal Dirt Conversionn Units Materials Costs Standard cost per equivalent Work in process, beginning inventory July1) Degree of completion of beginning $ 1.30 2.10 97,125 25% unit 185,000 $240,500 100% work in process Started during July Completed and transferred out Work in process, ending inventory (July ) Degree of completion of ending 465,000 512,000 138,000 work in process 100% 80% Actual total costs added during July 607,500 $1,207,415
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (11 reviews)
1 EXHIBIT 1730A Steps 1 and 2 Summarize Output in Physical Units and Compute Output in Equivalent Units Standard Costing Method of Process Costing for ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
Question Posted:
Students also viewed these Managerial Accounting questions
-
Learning TreeLearning Tree Corporation makes interlocking children's blocks in a single processing department. Direct materials are added at the start of production. Conversion costs are added evenly...
-
Hashing or hashing algorithm is a key concept used in cryptographic methods. Hashing is popularly used while storing passwords on systems. There are specific attack methods that are employed to...
-
The assembly division of Fenton Watches, Inc., uses the weighted-average method of process costing. Consider the following data for the month of May 2014: Physical Units Direct Materials Conversion...
-
The open-loop transfer function of a unity feedback system is: 20 G(s) (s + 1.5)(s + 3.5)(s+ 15) (a) Design a lag-lead compensator for G(s) using root locus so that the closed-loop system satisfies...
-
Let X1, X2, X3 be a random sample from the exponential distribution with parameter . Find the probability that at least one of the random variables is greater than t , where t > 0.
-
Find the Laplace transforms of the following waveforms and plot their pole-zero diagrams. Then use MATLAB to validate your results. (a) \(f_{1}(t)=\left[10 e^{-30 t}-20 e^{-50 t} ight] u(t)\) (b)...
-
Under the same conditions described in the previous problem, the fluctuations of the length of \(\mathbf{J}_{12}(T)\) are caused mainly by the fluctuations in the real part of the noise. Making this...
-
Life cycle product costing. Intentical Inc., manufactures game systems. Intentical has decided to create and market a new system with wireless controls and excellent video graphics. Intenticals...
-
Suppose that there is a bond with 12 years left to maturity. The face value of the bond is $1,000. Coupon rate is 15%, and YTM is 12%. Coupons are paid semiannually. What is the price that you are...
-
On the night of February 27, 2012, certain records of the Genmo Corporation were accidentally destroyed by fire. Two days after that, the principal owner had an appointment with an investor to...
-
Continuation of 17-28. Refer to the information in Exercise 17-26. Suppose the Assembly Division at Fenton Watches Inc. uses the FIFO method of process costing instead of the weighted-average method....
-
Continuation of 17-31. In Exercise 17-31 Larsen Corp. manufactures car seats in its Sarnia plant. Each car seat passes through the Assembly department and the Testing department. This problem focuses...
-
From the list, select the type of audit evidence used for each of the procedures in the table. Note that a selection may be used not at all or more than once. (1) Inspection (2) Recalculation(3)...
-
What is the legal effect of recording a mortgage?
-
What are the main influences on the FOMC federal funds rate decision?
-
What are the typical elements within the articles of incorporation?
-
How did the concept of corporativism evolve?
-
Shane ran a liquid fertilizer business. As part of the operation of the business, Shane paid Svoboda a specified amount per acre to spread the fertilizer on his clients crops. Svobodas per acre...
-
The following data is presented in the article Influence of Cutting Parameters on Drill Bit Temperature (Ind. Lubr. Tribol. 2007: 186193); values in the table are temperatures in C. a. Construct an...
-
Interest Compounded Annually. When P dollars is invested at interest rate i, compounded annually, for t years, the investment grows to A dollars, where A = P(1 + i) t . Trevor's parents deposit $7800...
-
Allocation of costs to activities, unused capacity. Harmon Academy, a private school for boys, serves 500 students: 200 in the middle school (grades 68) and 300 in the high school (grades 912). Each...
-
ABC, retail product-line profitability. Family Supermarkets (FS) operates at capacity and decides to apply ABC analysis to three product lines: baked goods, milk and fruit juice, and frozen foods. It...
-
ABC, wholesale, customer profitability. Villeagas Wholesalers operates at capacity and sells furniture items to tour department-store chains (customers). Mr. Villeagas commented, We apply ABC to...
-
Determine the retained earnings balance. Determine the total assets. Determine the total dyabilities Adjusted Trial Balance Stockton Company December 31 Cash Accounts Receivable 7.530 2,100 Prepaid...
-
Superior Micro Products uses the weighted - average method in its process costing system. Data for the Assembly Department for May appear below: Materials Labor Overhead Work in process, May 1 $ 1 9...
-
Vista Distributors purchases inventory in crates of merchandise. Assume the company began July with an inventory of 30 units that cost $300 each. During the month, the company purchased and sold...
Study smarter with the SolutionInn App