subject
Business, 13.08.2021 01:00 stormserena

Craft Concept manufactures small tables in its Processing Department. Direct Materials are added at the initiation of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Before inspection, some units are spoiled due to non-detectable materials defects. Inspection occurs at the end of the process. Spoiled units generally constitute 5 percent of the good units. Data for December are as follows: WIP, beginning inventory 12/1/1220,000 units
Direct materials(100%complete)
Conversion costs (75% complete)
Started during December80,000 units
Completed and transferred out 12/31/1276,800 units
WIP, ending inventory 12/31/1216,000 units
Direct materials(100%complete)
Conversion costs (65% complete)

Costs for December
WIP, beginning inventory
Direct materials 100,000
Conversion costs60,000
Direct materials added200,000
Conversion costs added280,000

Required:
What is the total cost per equivalent unit using the weighted-average method of process costing?

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 22:30, jazzy2971
Match the vocabulary word to the correct definition. 1. sexual harassment 2. terminate 3. recruitment 4. professional development 5. union a. any unwanted sexual attention, the suggestions that maintaining one’s job or professional advancement depends on sexual favors, or verbal and/or physical harassment of a sexual nature b. to fire from a job or end a professional relationship c. an organization of those in the same industry who join together to more effectively bargain with employers d. the process of attracting and hiring employees e. continuing education in a chosen field
Answers: 1
image
Business, 22.06.2019 02:50, smariedegray
Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash
Answers: 2
image
Business, 22.06.2019 02:50, dreyes439
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest. extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
Answers: 3
image
Business, 22.06.2019 10:30, darius7967
True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.
Answers: 2
You know the right answer?
Craft Concept manufactures small tables in its Processing Department. Direct Materials are added at...

Questions in other subjects: