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?
Compute the equivalent units of production of conversion cost: a. In Process, beginning (3/5 additional work to be done), 24,000 units b. Completed and Transferred-out units, 150,000 units (Of the units started in process, ½ represents work in process at the end, which were 40% completed during the current period) EUP using Average costing: a. 174,000 b. 200,400 c. 190,800 d. 158,400
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.
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.)
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 19.34
Fill in the Blank Question E A manufacturing company has a production where one-half of the materials are added at the beginning of Process 1. Conversion costs are 20% in Process 1. If 600 units are started, the EUP with respect to materials are O
Muscat Painting Company has the following production data for March. Beginning work process 400,000 units (60% complete), started into production 370,000 units, completed and transferred out 706,000 units, and ending work in process 40,000 units (40% complete). the equivalent units of production for conversion costs will be: Select one: O a. 650,000. O b. 770,000. O c. 810,000. O d. 722,000. O e. None of the answers are correct ENG 07:28 INTL 25/05/2021

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