Homework Answers
Add Answer to:
chapter 3 problem
Question 10 10 pts My Company has a cost per equivalent unit of...
Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2,...
Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 (The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 780,000 units of product to the second process. Additional information for the first process follows. At...
Need help with the following accounting problem. Required information Problem 20-2A Weighted average: Cost per equivalent...
Need help with the following accounting problem.
Required information Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 740,000 units of product to finished goods. At the end of...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
Question 43 2 pts Charley Company's Assembly Department has materials cost at $2 per unit and...
Question 43 2 pts Charley Company's Assembly Department has materials cost at $2 per unit and conversion cost at $4 per unit. There are 20,000 units ending work in process, all of which are 70% complete as to conversion costs and 100% complete as to materials. How much are total costs to be assigned to inventory? O $56,000. O $120,000 O $84,000. O $96,000.
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Steel Company are $180 and $62, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 225 Started and completed during July 1,900 1,900 Transferred out of Rolling (completed) 1,900 2,125 Inventory in process, July 31 500 200 Total units to...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.40 and $0.10, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 1,600 Started and completed during the period 42,000 42,000 Transferred out of Filling (completed) 42,000 43,600 Inventory in process, end of period 8,000 2,000 Total...
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and...
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and conversion costs (using the weighted average method): Units Materials Conversion Units Completed 120,000 Work-in-process, ending 20,000 20% complete 10% complete Units Materials Conversion Units Completed 120,000 [Select) Select) WIP, ending 20,000 Materials 20% [ Select) Conversion 10% Select) > Total Equiv. Units [ Select) [Select) Question 4 1 pts Jsing the information below and from question #3 above (the total equivalent units numbers), calculate...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of...
Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.60 and $0.60, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 4,000 Started and completed during the period 67,000 67,000 Transferred out of Filling (completed) 67,000 71,000 Inventory in process, end of period 5,000 1,500 Total...
E3-7 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted...
E3-7 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted Average Method) [LO 3-2, 3-3] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 41% for conversion) Direct materials Conversion cost AA 32,000 units 39,000 63,000 Number of units started 79,000 units April costs Direct materials Conversion cost $ $ 119,000 167,000 Work in process, April 30 (100% complete...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain...
The cost per equivalent unit of direct materials and conversion in the Bottling Department of Mountain Springs Water Company is $0.45 and $0.12, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 0 3,500 Started and completed during the period 57,000 57,000 Transferred out of Bottling (completed) 57,000 60,500 Inventory in process, end of period 3,500 1,800 Total units and costs...
Required information Problem 16-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 (The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the first process. During November, the first process transferred 780,000 units of product to the second process. Additional information for the first process follows. At...
Need help with the following accounting problem.
Required information Problem 20-2A Weighted average: Cost per equivalent unit; costs assigned to products LO C2, C3 The following information applies to the questions displayed below.) Victory Company uses weighted average process costing to account for its production costs. Conversion cost is added evenly throughout the process. Direct materials are added at the beginning of the process. During November, the company transferred 740,000 units of product to finished goods. At the end of...
Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Kraus Company is $490,000. The conversion cost for the period in the Rolling Department is $280,600. The total equivalent units for direct materials and conversion are 2,500 tons and 4,600 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: per ton Conversion cost per equivalent unit: per ton Cost of Units Transferred Out and Ending Work...
Question 43 2 pts Charley Company's Assembly Department has materials cost at $2 per unit and conversion cost at $4 per unit. There are 20,000 units ending work in process, all of which are 70% complete as to conversion costs and 100% complete as to materials. How much are total costs to be assigned to inventory? O $56,000. O $120,000 O $84,000. O $96,000.
Question 3 1 pts Given the following information, calculate equivalent units of production for materials and conversion costs (using the weighted average method): Units Materials Conversion Units Completed 120,000 Work-in-process, ending 20,000 20% complete 10% complete Units Materials Conversion Units Completed 120,000 [Select) Select) WIP, ending 20,000 Materials 20% [ Select) Conversion 10% Select) > Total Equiv. Units [ Select) [Select) Question 4 1 pts Jsing the information below and from question #3 above (the total equivalent units numbers), calculate...
E3-7 Calculating Equivalent Units, Cost per Equivalent Unit, Reconciling the Cost of Work in Process (Weighted Average Method) [LO 3-2, 3-3] Silver Company manufactures kites and has the following information available for the month of April: Work in process, April 1 (100% complete for materials, 41% for conversion) Direct materials Conversion cost AA 32,000 units 39,000 63,000 Number of units started 79,000 units April costs Direct materials Conversion cost $ $ 119,000 167,000 Work in process, April 30 (100% complete...
Most questions answered within 3 hours.
-
1. Develop a use case diagram for the bank case study described
in Chapter 1. 2....
asked 3 minutes ago -
The phylum Protista has often been referred to as a junk drawer
of classification. Explain what...
asked 10 minutes ago -
The average amount of money spent for lunch per person in the
college cafeteria is $7.09...
asked 12 minutes ago -
You follow the lab procedure and at the end of Part 4C, you used
an average...
asked 31 minutes ago -
Write 250-450 words, about the following: • Analyze how a
servant leader in your organization or...
asked 35 minutes ago -
3. American and Japanese workers can each produce 4 cars a
year. An American worker can...
asked 38 minutes ago -
On October 1, 20X1, a company purchased a piece of land by
agreeing to pay the...
asked 50 minutes ago -
Jamie is doing a survey at her school about whether the students
feel the cafeteria food...
asked 55 minutes ago -
What are the roles of 3' and 5' untranslated regions in
mRNAs?
asked 56 minutes ago -
A domestic television receives antenna delivers a sky noise
power of -105 dBm to a matched...
asked 55 minutes ago -
What do you think are the chemical reactions involved in the
breathalyzer tests administered to potentially...
asked 1 hour ago -
A random sample of 120 observations produces a mean of
38.2 from a population with a...
asked 1 hour ago