The production department described in Exercise 3-5 had $425,184 of direct materials and $326,151 of direct labor
Question:
1. Compute the direct materials cost and the direct labor cost per equivalent unit for the department.
2. Using the weighted-average method, assign April’s costs to the department’s output—specifically, its units transferred to finished goods and its ending goods in process inventory.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
1 Cost per equivalent unit Direct Materials Direct Labor Costs of beginning good...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
Question Posted:
Students also viewed these Managerial Accounting questions
-
The production department described in Exercise 20-8 had $531,480 of direct materials and $407,689 of direct labor cost charged to it during April. Also, its beginning inventory included $74,075 of...
-
The production department described in Exercise 20-8 had $850,368 of direct materials and $649,296 of conversion costs charged to it during April. Also, its beginning inventory of $167,066 consists...
-
QUESTION 4 [30] 4.1 With the aid of examples, discuss five (5) different types of inventories present in the supply chain operations. (10) 4.2 Describe the shortcomings of holding inventory within...
-
prepare a post-closing trial balance. Cash Account Titles Accounts Receivable Supplies Accounts Payable Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue Salaries and Wages...
-
Under the temporary difference approach, the tax rates used for deferred tax calculations are those enacted at the balance sheet date, based on how the reversal will be treated for tax purposes....
-
Show the products of this reaction. How would the composition of the products change if t-BuO ? in t-BuOH were used in place of ethoxide ion in ethanol? ELOH + CH,CH,0
-
Name the strongest benefit and the greatest weakness of agile development methodologies.
-
Assume the Carson Coffee Roasters Corp. ended the month of August 2017 with these data: Requirement 1. Prepare the statement of cash flows of Carson Coffee Roasters Corp., for the month ended August...
-
As a U.S. exporter you have just sent an invoice for 600,000 Euros payable in 60 days. The current exchange rate is $1.07 per Euro. The 60-day forward rate is $0.99 per Euro. What is the value of the...
-
Posthorn Corporation acquired 20,000 of the 100,000 outstanding common shares of Stamp Company on January 1, 2019, for a cash consideration of $200,000. During 2019, Stamp Company had net income of...
-
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 30,000 were in...
-
Refer to the information in Exercise 3-5 to compute the number of equivalent units with respect to both materials used and labor used in the production department for April using the FIFO method.
-
In the red shift of radiation from a distant galaxy, a certain radiation, known to have a wavelength of 434 nm when observed in the laboratory, has a wavelength of 462 nm. (a) What is the radial...
-
Your corporation has sales of $500,000, an EBIT of $150,000 and a net income of $100,000. It has 50,000 shares outstanding. a. What is its earnings per share? b. What if sales increased to $600,000...
-
Ben placed the capital received in a 7,800 high-interest time account with an annual interest rate of 8.37 percent (p.a.). The principal was in the account for 8 years and 186 days, when the interest...
-
Suppose you are working as an inventory manager with Walmart. You are assigned with the task to determine EOQ for a batch of order containing three different items. The respective annual demand for...
-
Name and explain 2 differences between using oil futures to fix the price of future purchases and doing the same using swaps.
-
Firm DEF is currently worth $9,033,860 and its shares are trading at $60 each. DEF is considering offering a 35% stock dividend. If it goes ahead with the stock dividend, what would be the stock...
-
Drop the dates in which the record high occurred more than once, and test the hypothesis in Exercise 22 again. Does your conclusion change? Data From Exercise 22: If a record high is equally likely...
-
Bobbie Singh provides writing services for small businesses. He blogs for companies that need professionally written content. His business records at November 15, 2023, are shown below: During the...
-
Mention has been made in the two concepts of the Anglo-Saxon approach to business. How would you summarise this approach? Why do you think this approach often comes under criticism? Refer to any...
-
Refer to Exercise 7-8 and for each of the April transactions identify the journal in which it would be recorded. Assume the company uses a sales journal, purchases journal, cash receipts journal,...
-
Prepare headings for a cash disbursements journal like the one in Exhibit 7A.4. Journalize the April transactions from Exercise 7-8 that should be recorded in the cash disbursements journal assuming...
-
Porter Pharmacy uses the following journals: sales journal, purchases journal, cash receipts journal, cash disbursements journal, and general journal. On June 5, Porter purchased merchandise priced...
-
A researcher reports that "the mean score for women (M=8.6, SD= .4) was higher than the mean score for men (M=6.5, SD= .4)." What statistic is she telling you about?
-
A naive way to implement the antithetic variable scheme is to use both U and 1 - U in an inver- sion simulation. Examine empirically whether this method leads to variance reduction for the...
-
Part (a) Let n be an odd positive integer. Let M be the n x n matrix whose entry in row i and column j is given by Mi,j = i+j-2 i+j-2-n ifi+j 2 < n otherwise. For example, when n = 3 the matrix M is...
Study smarter with the SolutionInn App