Question: 15,000 units in a process that are 80% complete are referred to as: Lotz Painting Company has the following production data for March: Beginning work
15,000 units in a process that are 80% complete are referred to as:
Lotz Painting Company has the following production data for March:
Beginning work in process, 0 units
Units transferred out, 42,000
Units in ending work in process, 10,000, which are 80% complete for conversion costs Materials are added only at the beginning of the process. Instructions
Compute equivalent units of production for both materials and conversion costs.
Production costs chargeable to the Sanding Department in July for Recycled Art are $20,000 for materials, $26,000 for labor, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 30,000 for conversion costs.
a) Compute the unit costs for materials costs
b) Compute the unit costs for conversion costs.
Hawke is a nonprofit organization that captures stray deer. Fixed costs are $17,500. The variable cost of capturing each deer is $10.00 each. Hawke is funded by a local charitable fund for $50,000 for 2020. How many deer can Hawke capture during 2020?
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