A production department has no beginning work solve this accounting questions A production department has no beginning work inprocess, has started 100,000 units and completed 70,000units. Its ending work in process is 30,000 units, 40%complete as to conversion costs and fully complete as tomaterials. Its equivalent units for conversion costs are:a. 70,000b. 100,000c. 82,000d. 88,000

Step 1: Definition of Equivalent Units for Conversion CostsEquivalent units for conversion costs…

Answered: A production department has no…

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?
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?
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.
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 following product costs are available for Kellee Company on the production of eyeglass frames: direct materials, $32,125; direct labor, $23.50; manufacturing overhead, applied at 225% of direct labor cost; selling expenses, $22,225; and administrative expenses, $31,125. The direct labor hours worked for the month are 3,200 hours. A. What are the prime costs? B. What are the conversion costs? C. What is the total product cost? D. What is the total period cost? E. If 6.425 equivalent units are produced, what is the equivalent material cost per unit? F. What is the equivalent conversion cost per unit?
Its equivalent unit for the conversion costs are
A department has no beginning work in process, has started 80,000 units and completed 50,000 units. Its ending work in process is 30,000 units, 60% complete as to conversion costs and fully complete as to materials. Its equivalent units for conversion costs are: a. 50,000 b. 80,000 c. 68,000 d. 44,000
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.
4. Given that the closing work-in-progress of a process is 400 units, which is 100% complete with regards to materials and 50% complete with regard to conversion costs, the equivalent units will be:
Using the following information for ABC company answer the question below. - Equivalent units for direct material are 15,000 units -Equivalent units for conversion costs are 25,000 units -Costs for beginning work in process direct materials $15000 -Costs for beginning work in process conversion cost $25000 - Direct materials added in the current period $45,000 Conversion costs added in the current period $50,000 Required: A- compute the cost per equivalent unit for direct materials and conversion cost assuming ABC company uses weighted-average method B-compute the cost per equivalent unit for direct materials and conversion cost assuming ABC company uses FIFO method

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