Business, 20.07.2019 01:30 live4dramaoy0yf9

Ichards corporation uses the fifo method of process costing. the following information is available for october in its fabricating department: units: beginning inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion. units started and completed: 250,000. units completed and transferred out: 330,000. ending inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. costs: costs in beginning work in process - direct materials: $37,200. costs in beginning work in process - conversion: $79,700. costs incurred in october - direct materials: $646,800. costs incurred in october - conversion: $919,300. calculate the cost per equivalent unit of conversion.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 12:50

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Answers: 1

Answer

Business, 22.06.2019 17:40

Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above

Answers: 3

Answer

Business, 22.06.2019 21:00

Dozier company produced and sold 1,000 units during its first month of operations. it reported the following costs and expenses for the month: direct materials $ 69,000 direct labor $ 35,000 variable manufacturing overhead $ 15,000 fixed manufacturing overhead 28,000 total manufacturing overhead $ 43,000 variable selling expense $ 12,000 fixed selling expense 18,000 total selling expense $ 30,000 variable administrative expense $ 4,000 fixed administrative expense 25,000 total administrative expense $ 29,000 required: 1. with respect to cost classifications for preparing financial statements: a. what is the total product cost

Answers: 2

Answer

Business, 23.06.2019 00:50

Aproduction department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending work in process inventory. the units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

Answers: 3

Answer

You know the right answer?

Ichards corporation uses the fifo method of process costing. the following information is available...

Questions