Business, 07.10.2020 22:01 paige1616

The Swiss Clock Shop manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Swiss Clock Shop uses weighted-average costing. Data for the Assembly Department for June 20X5 are: Work in process, beginning inventory 250 units Direct materials (100% complete) Conversion costs (50% complete) Units started during June 800 units Work in process, ending inventory: 150 units Direct materials (100% complete) Conversion costs (75% complete) Costs for June 20X5: Work in process, beginning inventory: Direct materials $180,000 Conversion costs $270,000 Direct materials costs added during June $1,000,000 Conversion costs added during June $1,000,000 What are the equivalent units for direct materials and conversion costs, respectively, for June?

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Answer from: dogwisperer101

The calculation of the equivalent units for direct material and conversion cost is shown below:

Physical units Direct Materials Conversion Cost

Beginning

Work in process

100% and 50% 250

Units Started 800

Total Units

Under process 1,050

Less : Ending

Work in process 150

Units Transferred

to TestingDepartment 900 900 900

Ending Work in process 150 150 112.50

(100% and 75%)

Equivalent units ofproduction 1,050 1,050 1,012.50

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Answer from: cicimarie2018

Answer and Explanation:

The computation of the equivalent units for direct material and conversion cost is shown below:

Physical units Direct Materials Conversion Cost

Beginning

Work in process

100% and 50% 250

Units Started 800

Total Units

Under process 1,050

Less : Ending

Work in process 150

Units Transferred

to TestingDepartment 900 900 900

Ending Work in process 150 150 112.50

(100% and 75%)

Equivalent units ofproduction 1,050 1,050 1,012.50

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Most four year colleges want a applicants scores for all the following except iq.

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The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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The Swiss Clock Shop manufactures clocks on a highly automated assembly line. Its costing system use...

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