Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion costs. For purposes of calculating costs per equivalent unit for materials and conversion costs O a. the denominator would include 20 units for material and 70 units for conversion costs Efficiency and productivity will be unchanged O b. the denominator would include 80 units for material and 30 units for conversion costs O c. the numerator would include 80 units for material and 30 ulits for conversion costs O d. the denominator would include 100 units for material and 100 units for conversion costs

Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion costs. For purposes of calculating costs per equivalent unit for materials and conversion costs O a. the denominator would include 20 units for material and 70 units for conversion costs Efficiency and productivity will be unchanged O b. the denominator would include 80 units for material and 30 units for conversion costs O c. the numerator would include 80 units for material and 30 ulits for conversion costs O d. the denominator would include 100 units for material and 100 units for conversion costs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assuming that there was no beginning work in process inventory, and the ending work in process inventory is 30% complete as to direct materials costs, the number of equivalent units for direct materials costswould be: a) less than the units started in production b) less than the units completed c) equal to the units completed d) equal to the units started in production
The first production department of Stone Incorporated reports the following for April. Direct Materials Percent Complete 75% Beginning work in process inventory Units started this period Completed and transferred out Ending work in process inventory Units 73,000 387,000 365,000 95,000 85% Conversion Percent Complete 25% 35%
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Compute the total costs of the units (gallons) (a) completed and transferred out to the Packaging Department, and (b) in the Department ending Work-in-Process Inventory. Complete the Production Cost Report that you began in Requirement 1 by calculating the costs per equivalent unit in this step, and then by calculating the the total cost of units completed and transferred out and of units in ending inventory in the following step. (Complete all input fields. Enter a "0" for any zero balances. Round the cost per equivalent unit amounts to the nearest cent and all other amounts to the nearest dollar. Abbreviation used: EUP = equivalent units of production.)
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Using the following terms and following the format in the textbook, prepare the worksheet to show the calculation to answer the question: Units completed and transferred Cost per material Cost per conversion out Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: How many units were started into production in a period if there were zero units of beginning work in process inventory, 1,100 units in ending work in process inventory, and 21,500 completed and transferred out units? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Term Units
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Required: Prepare a quantitative comparison of the traditional and activity-based cost assignments.
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Elliott Company... (see pictures).