Hello teacher please help me with this accounting questions A department has no beginning work in process,has started 80,000 units and completed 50,000units. Its ending work in process is 30,000 units,60% complete as to conversion costs and fullycomplete as to materials. Its equivalent units forconversion costs are:a. 50,000b. 80,000c. 68,000d. 44,000

Equivalent units represent the number of fully completed units that could have been produced given…

Answered: A department has no beginning work in…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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The following product costs are available for Stellis Company on the production of erasers: direct materials, $22,000; direct labor, $35,000; manufacturing overhead, $17,500; selling expenses, $17,600; and administrative expenses; $13,400. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 13,750 equivalent units are produced, what is the equivalent material cost per unit? If 17,500 equivalent units are produced, what is the equivalent conversion cost per unit?
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
A firm has 100,000 in direct materials costs, 50,000 in direct labor costs, and 80,000 in overhead. Which of the following is true? a. Prime costs are 150,000; conversion costs are 180,000. b. Prime costs are 130,000; conversion costs are 150,000. c. Prime costs are 150,000; conversion costs are 130,000. d. Prime costs are 180,000; conversion costs are 150,000.
The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000. The conversion cost for the period in the Rolling Department is 462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
Cool Pool has these costs associated with production of 20,000 units of accessory products: direct materials, $70; direct labor, $110; variable manufacturing overhead, $45; total fixed manufacturing overhead, $800,000. What is the cost per unit under both the variable and absorption methods?
Conversion cost is 250,000; Prime cost is 200,000; OH rate is 150% of Direct labor cost; Indirect materials used is 10,000 and indirect labor is 24,000. Work in process, beginning is 6,000; FG Inventory increased by 4,000; actual OH is 156,000 and cost of sales is 350,000 at actual cost. Assume that under or overapplied overhead is immaterial. Wat is the ending balance of WIP account?
a. The following data relates to Process 1 Material Input 1,000 units costing Ghc02,000 Lakour costs Ghc10,000 Departmental Overheads Ghc8,000 Normal loss is 4% of input and is sold as scrap for Ghc15 per unit Actual output = 940 units Required: Calculate the average cost per unit in process 1 and produce the process account, abnormal gain and loss account and the scrap account b. Using a practical example, indicate how to determine sales volume variance
Delores Enterprises uses weighted-average process-costing to value production. At the end of the most recent period, Delores had 7,000 units in production. These units were 60% complete. Material X is introduced at the beginning of the process; material Y is introduced at the end of the process; and conversion costs are incurred evenly throughout production. Equivalent-unit production costs follow.Material X: $12.50Material Y: $2.00Conversion cost: $6.60The cost of the Delores' work-in-process inventory at the end of the period is: Select one: a. $88,620. b. $115,220. c. $123,620. d. $147,700. e. None of the answers is correct.
In Barber Company, total material costs are $10,000 and total conversion costs are $20,000. Equivalent units of production are materials 1,000 and conversion costs 2,500. Unit costs for conversion costs is: a. $1. b. $8. c. $10. d. $18.
Sheffield Company has unit costs of $6 for direct materials and $15 for conversion costs. There are 4000 units in ending Work in Process inventory that are 30% complete related to conversion costs, and fully complete related to direct materials cost. How much is the total cost assigned to the ending Work in Process inventory if the weighted-average method is used? a. $84000 b. $18000 c. $42000 d. $24000
At Trent Company, there are 800 units of ending work in process that are 100% complete as to materials and 40% complete as to conversion costs. If the unit cost of materials is $3 and the total costs assigned to the 800 units is $6000, what is the per unit conversion cost? (Round answer to 2 decimal places, e.g. 2.25.)

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