Knowledge Check Question 01: Conversion cost is composed of _______. direct labor and manufacturing overhead (Ans)...
Knowledge Check Question 01:
Conversion cost is composed of _______.
-
direct labor and manufacturing overhead (Ans)
-
direct material and manufacturing overhead
-
equivalent units in ending inventory
-
manufacturing overhead
Knowledge Check Question 02:
Equivalent units is computed using which of the following formulas?
-
Equivalent units = Number of completed units x Percentage completion
-
Equivalent units = Number of partially completed units x Percentage completion (Ans)
-
Equivalent units = Number of completed units x (100% - Percentage completion)
-
Equivalent units = Number of partially completed units x (100% ÷ Percentage completion)
Homework Answers
Ans 1 direct labor and manufacturing overhead
Reason:-
Labor and overhead convert raw material into finished product.
Ans 2 Equivalent units = Number of partially completed units x Percentage completion
Reason:- We use equivalent units to determine the level of completion of unfinished products.
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Add Answer to:
Knowledge Check Question 01:
Conversion cost is composed of _______.
direct labor and manufacturing overhead
(Ans)...
Knowledge Check Question 01: Conversion cost is composed of direct labor and manufacturing overhead direct material...
Knowledge Check Question 01: Conversion cost is composed of direct labor and manufacturing overhead direct material and manufacturing overhead equivalent units in ending inventory manufacturing overhead Knowledge Check Question 02: Equivalent units is computed using which of the following formulas? Equivalent units = Number of completed units x Percentage completion Equivalent units = Number of partially completed units x Percentage completion Equivalent units = Number of completed units X (100% Percentage completion) Equivalent units = Number of partially completed units...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c)...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct Labor & period costs Units Use the following to answer questions # 2.3.4 The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted average method in its process costing system. Labor and Overhead Percent Completed Work...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c)...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct labor & period costs Use the following to answer questions. 2.3.4 The information below was obtained from the records of the first processine derment of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system Labor and Overhead Ulnits Percent Completed Work in process...
)Ruel Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
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Knowledge Check 01 The cost of the beginning work in process inventory was comprised of $3,000...
Knowledge Check 01 The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. Costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. The equivalent units of production (EUP) for the period were 9,000 for direct materials and 6,000 for conversion The costs per EUP were: O $0.33 per EUP for direct materials and $3.34 per EUP...
Total direct labor-hours:101,000 Total fixed manufacturing overhead cost: $595,900 Variable manufacturing overhead per direct labor-hour: $3.00...
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labor-hour: $3.00
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WA EUP In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company’s direct labor and overhead are considered to be continuously at the same degree of completion. September production information is as follows: In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company’s direct labor and overhead are considered to be continuously at the same degree of completion. September production information is...
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Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the...
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Knowledge Check Question 01: Conversion cost is composed of direct labor and manufacturing overhead direct material and manufacturing overhead equivalent units in ending inventory manufacturing overhead Knowledge Check Question 02: Equivalent units is computed using which of the following formulas? Equivalent units = Number of completed units x Percentage completion Equivalent units = Number of partially completed units x Percentage completion Equivalent units = Number of completed units X (100% Percentage completion) Equivalent units = Number of partially completed units...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct Labor & period costs Units Use the following to answer questions # 2.3.4 The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted average method in its process costing system. Labor and Overhead Percent Completed Work...
Conversion costs consist of a) Direct material & direct labor b) Direct material & overhead c) Direct labor & overhead d) Direct material & indirect material e) Direct labor & period costs Use the following to answer questions. 2.3.4 The information below was obtained from the records of the first processine derment of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system Labor and Overhead Ulnits Percent Completed Work in process...
Knowledge Check 01 The cost of the beginning work in process inventory was comprised of $3,000 of direct materials, $10,000 of direct labor, and $10,000 of factory overhead. Costs incurred during the period were comprised of $15,000 of direct materials costs, and $100,000 of conversion costs. The equivalent units of production (EUP) for the period were 9,000 for direct materials and 6,000 for conversion The costs per EUP were: O $0.33 per EUP for direct materials and $3.34 per EUP...
Total direct labor-hours:101,000 Total fixed manufacturing
overhead cost: $595,900 Variable manufacturing overhead per direct
labor-hour: $3.00
loughamy waketech edu My Turbo Tax Login Signint x f Me 2019 Connect Required: Ch 2 Quiz Saved Help Save & Exit Submit Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: points Total direct labor-hours Total fixed manufacturing overhead...
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