9,000 units in a process that are 60% complete are referred to as a. 9,000 equivalent units of production b. 3,600 equivalent units of production c. 5,400 equivalent units of production d. 3,600 inequivalent units of production
Q: Critically evaluate the usefulness of Net Present Value as an investment appraisal with a minimum of…
A: Strengths of NPVTime Value of Money:NPV is based on the time value of money concept, which is among…
Q: Given answer
A: Step 1: Definition of the High-Low MethodThe high-low method is a cost estimation technique used to…
Q: Please help me with the incorrect cells.
A: Please help me with the incorrect cells. Detailed explanation:Aug 10Sold the 1800 shares of treasury…
Q: can you please this general accounting
A: Step 1: Definition of Inventory Holding CostInventory holding cost includes all costs associated…
Q: Hy teacher please provide answer
A: Understanding Degree of Operating Leverage (DOL)Definition: DOL measures the sensitivity of a…
Q: Please find the correct answer
A: Step 1: Definition of High-Low MethodThe High-Low Method is a technique used to separate fixed and…
Q: What is the owner's capital balance at the end of the period on this financial accounting question?
A: Step 1: Define Owner's Capital BalanceThe Owner's Capital Balance at the end of the period is…
Q: Need help
A: Step 1: Define Cost of GoodsThe cost of goods includes all the costs that are incurred in the…
Q: general accounting
A: Step 1: Definition of Contribution Margin Analysis:The contribution margin analysis for a firm…
Q: I need help with accounting question
A: Step 1: Define Total CostsThe total costs of a firm can be broadly categorized into fixed costs and…
Q: General accounting
A: Step 1: DefinitionThe IRS reclassifies unreasonable compensation as a non-deductible expense,…
Q: Chapter 15 Homework 13 Saved Help Save & Exit Submit Part 1 of 2 0.83 points eBook Ask Required…
A: First, we need to calculate the overhead costs for each job. The overhead is applied based on a…
Q: Accurate answer
A: Approach to Solving the Question:Understand the Problem: The company wants to know the total cost of…
Q: find operating cash floe. best answer
A: The question requires the determination of the operating cash flow. Operating cash flow (OCF) is…
Q: None
A: To calculate the Return on Common Equity (ROCE), we use the formula:ROCE=Net Income (Earnings per…
Q: need help this questions
A: Step 1: Definition of Day Sales in ReceivablesThe day sales in receivables is an efficiency ratio…
Q: What are the budgeted cash receipts from sales on account for July on these financial accounting…
A: Step 1: Define Budgeted Cash ReceiptsBudgeted cash receipts represent the expected cash collections…
Q: answer plz
A: Step 1: Definition of the Indirect Method in Cash Flow StatementsThe indirect method adjusts net…
Q: Interest expense
A: Step 1: Define Exempted IncomeIt refers to the income by which the tax is not charged. The…
Q: Ans? General accounting
A: Identify the Stock Price: The stock price is given as $45 per share.Identify Earnings per Share…
Q: Financial Accounting 13
A: Concept of Total AssetsTotal assets represent everything a company owns that has economic value and…
Q: what is the degree of operating leverage?
A: Step 1: Definition of Operating LeverageIn management accounting, the operating leverage refers to…
Q: help me to solve this questions
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: General accounting
A: Step 1: Definition of Net IncomeA firm's net income is a financial result generated during the year…
Q: 5 POINTS
A: Explanation of Work-in-Process (WIP) Inventory: Work-in-process inventory represents partially…
Q: What is the cash paid for income taxes during the year?
A: Step 1: Definition of Income Taxes PayableIncome taxes payable is a liability that represents the…
Q: I need this question answer general accounting
A: Step 1: DefinitionContribution Margin Percentage (CM%) represents the portion of each sales dollar…
Q: provide correct answer of this General accounting question
A: Step 1: Define Direct Labor HoursDirect Labor Hours refer to the total number of hours worked by…
Q: What is the variable cost per unit processd?
A: Explanation of Variable Cost:Variable cost refers to expenses that change in direct proportion to…
Q: Please provide answer
A: Approach to solving the question:FreeformDetailed explanation: To determine the total percentage…
Q: At the end of February 2016
A: Concept of RevenuesThe revenues of a business represent the total amount of money earned from…
Q: Can you help me with accounting questions
A: Step 1: Definition of Equivalent Whole UnitsEquivalent whole units represent the number of fully…
Q: financial accounting
A: Step 1: Definition of Trade CreditTrade credit is a type of short-term financing where suppliers…
Q: Litan Corp. has $450,000 of assets, and it uses only common equity capital (zero debt). Its sales…
A: 1. Calculate the required Net Income:Since Litan Corp. has no debt, its Equity is equal to its…
Q: choose best answer plz financial accounting
A: Step 1: Definition of Markup PercentageMarkup percentage is the ratio of profit to total costs,…
Q: Provide correct answer this general accounting question
A: Step 1: Define Materials Price VarianceThe Materials Price Variance (MPV) measures the difference…
Q: What is the equity multiplier?
A: The question requires the determination of the equity multiplier. The equity multiplier is a measure…
Q: Calculate the amount of cash paid to employees...
A: ,Step 1: Formula Cash paid to employees = Salaries payable, January 1 + Salaries expense - Salaries…
Q: A computer consulting company uses job costing system and has a pre-determined overhead rate of $24…
A: Step 1: Definition of Job CostingJob costing is an accounting system used to track costs…
Q: answer plz
A: Step 1: Definition of Variable CostingVariable costing is a cost accounting method where only…
Q: John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of…
A: Given:Total assets = $162,000Profit margin = 6.5%Sales = $230,000Equity multiplier = 2.5 Formula:ROE…
Q: Sub: financial Accounting
A: Concept of Manufacturing OverheadManufacturing overhead includes all indirect costs associated with…
Q: You just purchase a share of Apple for $150. You expect to receive a dividend of $12 in one year. If…
A: Total Return = (Closing Price - Beginning Price + Dividends) / Beginning PriceTotal Return =…
Q: Given the solution and accounting
A: Step 1: Define Components of receivables accountComponents of the receivables account denote the…
Q: none
A: Operating Cash Flow = EBIT + Depreciation - TaxesHere are the steps:1. Start with EBIT (Earnings…
Q: Accounting sum 6 pts
A: Concept of Fixed CostsFixed costs are expenses that remain constant regardless of the level of…
Q: Financial accounting
A: Step 1: Define Overhead AppliedOverhead Applied refers to the estimated indirect manufacturing costs…
Q: True answer? ? General Accounting
A: Step 1: Define Special Order DecisionA special order decision evaluates whether a company should…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Equivalent Units of Production (EUP)Equivalent Units of Production (EUP) is a…
Q: With respect to the distribution vijay has gain of
A: Explanation of Gain on Property Distribution:A gain on property distribution occurs when a…
?? General Accounting
Step by step
Solved in 2 steps
- The Converting Department of Worley Company had 2,400 units in work in process at the beginning of the period, which were 35% complete. During the period, 10,800 units were completed and transferred to the Packing Department. There were 1,900 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs.7,000 units in a process that are 70% complete are referred to as a. 7,000 equivalent units of production. b. 2,100 equivalent units of production. c. 4,900 equivalent units of production. d. 2,100 inequivalent units of productionssume the following information: Milling Department Materials Conversion Total Cost of beginning work in process inventory $ 10,000 $ 15,000 $ 25,000 Costs added during the period 291,600 394,500 686,100 Total cost $ 301,600 $ 409,500 $ 711,100 Assume the equivalent units of production for materials and conversion, when using the weighted-average method, are 5,200 units and 5,000 units, respectively. If the equivalent units in ending work in process inventory for materials and conversion are 400 units and 200 units, respectively, then what is the total cost of ending work in process for the Milling Department?
- If 28,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted−average method is used. A. 5,600 units B. 28,000 units C. 22,400 units D. 33,600 unitsA process with no beginning work in process, completed and transferred out 75,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete. The equivalent units of production for the period were: a. 75,000 equivalent units. b. 125,000 equivalent units. c. 90,000 equivalent units. d. 37,500 equivalent units.Beginning work in process includes 400 units that are 20% complete with respectto conversion and 30% complete with respect to materials. Ending work in process includes 200 units that are 40% complete with respect to conversion and 50%complete with respect to materials. If 2,000 units were started during the period,what are the equivalent units of production for the period according to the weightedaverage method?a. Conversion equivalent units 2,280 units; Material equivalent units 2,100 unitsb. Conversion equivalent units 1,980 units; Material equivalent units 2,080 unitsc. Conversion equivalent units 2,480 units; Material equivalent units 1,980 unitsd. Conversion equivalent units 2,280 units; Material equivalent units 2,300 units
- Equivalent Units of Production The Converting Department of Toren Company had 19,200 units in work in process at the beginning of the period, which were 35% complete. During the period, 86,400 units were completed and transferred to the Packing Department. There were 15,200 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Toren CompanyNumber of Equivalent Units of Production Line Item Description Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Inventory in process, beginning Started and completed Started and completed Started and completed Started and completed Transferred to Packing Department Transferred to Packing…A process's beginning work in process inventory consists of 10,000 units that are 20% complete with respect to conversion costs. A total of 40,000 units are completed this period. There are 15,000 units in work in process, one-third complete for conversion, at period-end. The equivalent units of production (EUP) with respect to conversion at period-end, assuming the weighted-average method, are a. 45,000 EUP. c. 5,000 EUP. e. 43,000 EUP. b. 40,000 EUP. d. 37,000 EUP.1. What is the total Conversion Cost per Equivalent Unit? 2. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 3. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor. 4.
- Equivalent Units of Production The Converting Department of Worley Company had 1,000 units in work in process at the beginning of the period, which were 70% complete. During the period, 20,800 units were completed and transferred to the Packing Department. There were 1,120 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Worley CompanyNumber of Equivalent Units of Production Whole Units Direct MaterialsEquivalent Units ConversionEquivalent Units Inventory in process, beginning fill in the blank 1 fill in the blank 2 fill in the blank 3 Started and completed fill in the blank 4 fill in the blank 5 fill in the blank 6 Transferred to Packing Department fill in the blank 7 fill in the blank 8 fill in the blank 9 Inventory in process,…Jackson Company has the following information for the current period for the Mixing Department: Costs of beginning work-in-process: Direct materials Conversion costs Costs added during the period: Direct materials Conversion costs Equivalent units of production for: Direct materials Conversion costs $15,000 26,000 100,000 150,000 12,600 units 9,100 units Using the weighted-average method, what is the cost per equivalent unit for conversion costs? A.$ 3.25 B.$ 9.13 C.$ 19.84 D.S 19.341. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 2. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.3. Cost per Equivalent Unit for Direct Material is calculated by dividing $......... by 580,000 DM Equivalent Units.
