BoAt Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 31,300 units were started, and 14,500 units completed. The ending work in process is 82% complete. The equivalent units for conversion costs is _.
Q: Mala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the…
A: Step 1: Introduction factory overheadFactory overheads are defined as indirect costs that are not…
Q: If there were
A: Raw materials to be purchased in January = =…
Q: Thompson Corporation has a discontinued operation gain of $45,000 and a 28% tax rate. What is the…
A: Explanation of Discontinued Operations:Discontinued operations refer to a business segment or…
Q: What role should the precautionary principle play in the development and application A of accounting…
A: Definitions Related to the Question:Precautionary PrincipleThe precautionary principle is a…
Q: Kreeps Corporation produces a single product
A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…
Q: General Account
A: Step 1: Definition of Accounts Receivable TurnoverThe accounts receivable turnover is an efficiency…
Q: Hii tutor give me Answer
A: Concept of Budgeted Price per UnitThe budgeted price per unit represents the expected selling price…
Q: What is the number of days sales in receivable?
A: Explanation of Days' Sales in Receivables:The Days' Sales in Receivables is a financial metric that…
Q: Accounting 45
A: Concept of Opening Count in InventoryThe opening count in inventory refers to the number of items…
Q: Solve accounting questions
A: The labor efficiency variance formula is: Labor Efficiency Variance = (Actual Hours - Standard Hours…
Q: Provide correct answer general accounting
A: Step 1: Definition of Current AssetsCurrent assets are assets that are expected to be converted into…
Q: L.L. Bean operates two factories that produce its popular Bean boots (also known as "duck boots") in…
A: No. The $7.63 sales tax collected by L.L. Bean is not included in the company's sales revenue. Sales…
Q: Vimal Manufacturing bases its manufacturing overhead budget on budgeted direct labor-hours. The…
A: Explanation of Manufacturing Overhead Budget: This is a detailed financial plan that outlines…
Q: The Tansen Manufacturing overhead budget is based on budgeted direct labor-hours. The direct labor…
A: Explanation of Manufacturing Overhead Budget: This is a financial plan that estimates all indirect…
Q: Provide correct answer general accounting question
A: Step 1: Define ManufacturingWhen raw materials are changed into the finished product by the business…
Q: correct answer please
A: Step 1: Definition of Owner's EquityOwner's equity represents the residual interest in the assets of…
Q: What must be real rate of interest?
A: Ans. ) Given the question is related to the concept of the real rate of interest. The real rate of…
Q: Whole percent
A: 1. Key Concepts: * Gross Profit is the difference between sales revenue and cost of goods sold…
Q: provide correct answer general accounting
A: Step 1: Definition of Days' Sales in ReceivablesDays' sales in receivables, also known as the…
Q: What is the gross profit margin?
A: The question requires the determination of the gross profit margin.Gross profit margin shows the…
Q: Provide answer general accounting question
A: Step 1: Definition of Contribution Margin Ratio and Sales Volume CalculationContribution Margin…
Q: general accounting
A: Step 1: Definition of Cash Collected from CustomersCash collected from customers represents the…
Q: No wrong answer
A: Approach to solving the question:I started by carefully reading the problem and identifying the key…
Q: Silver manufacturing applied overhead using a normal costing
A: Explanation of Normal Costing: This is a costing method that uses actual direct costs but applies…
Q: Net opreting income should increase? Accounting
A: Operating leverage measures how sensitive a company's net operating income (NOI) is to changes in…
Q: Carter Industries has stockholders' equity of $350,000 and total liabilities of $215,000. What is…
A: Explanation of Stockholders' Equity: Stockholders' equity represents the owners' claim after all…
Q: general accounting
A: Step 1: Definition of Days' Sales in ReceivablesThe days' sales in receivables, also known as the…
Q: If investors expect a 14% return on a $50 stock that pays a dividend of $2.50, what is the implied…
A: 1. Calculate the Dividend Yield:Dividend Yield = (Annual Dividend / Stock Price) * 100Dividend Yield…
Q: Expert of general accounting answer
A: Step 1: Definition of Equity SharesEquity shares, also known as ordinary shares, represent ownership…
Q: What are the total product costs for the company
A: Explanation of Variable Costing:Variable costing is a costing method that includes only variable…
Q: what will be its return on equity?
A: To calculate the Return on Equity (ROE):Formula:ROE = Net Income ÷ EquityWe'll first calculate Net…
Q: Provide answer
A: The question pertains to determining the financial impact of cutting a fixed cost in relation to the…
Q: Harrison Golf Supplies had a balance in the Accounts Receivable account of $950,000 at the beginning…
A: Explanation of Average Collection Period: The average collection period represents the average…
Q: Need answer
A: Explanation of High-Low Method: The high-low method is a cost estimation technique that uses the…
Q: Expert. General Account
A: Step 1: Definition of Gross ProfitGross Profit is the difference between net sales and cost of goods…
Q: plea helpmeet me this question
A: The statement of stockholders' equity provides information about changes in a company's equity…
Q: Daughdrill Corporation is developing direct labor standards. The basic direct labor wage rate is…
A: To calculate the standard rate per direct labor hour, we need to consider three components:Basic…
Q: Net opreting income should increase?
A: CONCEPTS:1. Operating Leverage * Measures business risk and operating sensitivity * Shows how…
Q: What is the return on equity of this financial accounting question?
A: Step 1: Introduction to ratio analysisRatio analysis is a method used to analyze financial…
Q: financial accounting
A: The accounting equation states: Assets=Liabilities+Equity Where equity consists of Contributed…
Q: Answer need for this general account question
A: Step 1: Definition of Value-Added Costs for LaborValue-Added Costs for Labor represent the total…
Q: please given general accounting
A: To determine the capital gains rate, we use the total return formula for a stock: Total Return =…
Q: Tyson & Co. values its goodwill at three years' purchase of the last four years' average profit.…
A: To calculate the value of goodwill, we follow these steps: Calculate the Average ProfitThe formula…
Q: Financial accounting 2.0
A: Explanation of Debt/Equity Ratio:The debt/equity ratio is a financial metric that compares a…
Q: Hello tutor provide answer this financial accounting question
A: Step 1: Define Gain or Loss on Asset DisposalWhen a company sells an asset, it records either a gain…
Q: Provide answer general accounting
A: Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…
Q: Ans please
A: A. Raw Materials Purchase Price VarianceThis variance measures how much the actual cost of raw…
Q: Need help with this financial accounting question
A: Step 1: Define Return on Equity (ROE) Using Leverage FormulaThe Return on Equity (ROE) measures the…
Q: need help this questions
A: Step 1: Introduction to cash flow statementCash flow statement refers to a financial statement…
Q: Use the following data: Nov. 30, 2011 Nov. 30, 2012 Nov. 30, 2013 Sales $ 35,00,000 $ 40,00,000 $…
A: Step 1: Definition of Gross ProfitGross profit is the difference between total sales revenue and the…
BoAt Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 31,300 units were started, and 14,500 units completed. The ending work in process is 82% complete. The equivalent units for conversion costs is _.
Step by step
Solved in 2 steps
- Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is the information related to this years production: Â Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $115,080 and the total conversion cost is $72,072. Using the weighted-average method, what are the unit costs if the company transferred out 34,000 units? Using the weighted-average method, prepare the companys process cost summary for the month.A company has 100 units in ending work in process that are 40% complete after transferring out 750 Units. If the cost per unit is $5 for materials and $2.50 for conversion, what is the cost of units transferred out and in ending work in process inventory using the weighted-average method?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?
- Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.There were 2,400 units in ending work in process inventory that were 100% complete with regard to material and 25% complete with regard to conversion costs. Ending work in process inventory had a cost of $9,000 and a per-unit material cost of $2. What was the conversion cost per unit using the weighted-average method?Production data show 15,200 units were transferred out of a stage of production and 3,500 units remained in ending WIP inventory that was 100% complete to material and 60% complete to conversion. The unit material cost is $9 for material and $4 for conversion. What is the amount of inventory transferred out and remaining in ending work in process inventory?
- A company started a new product, and in the first month started 100,000 units. The ending work in process inventory was 20,000 units that were 100% complete with materials and 75% complete with conversion costs. There were 100,000 units to account for, and the equivalent units for materials was $6 per unit while the equivalent units for conversion was $8 per unit. What is the value of the inventory transferred out, using the weighted-average inventory method?Ellerson Company provided the following information for the last calendar year: During the year, direct materials purchases amounted to 278,000, direct labor cost was 189,000, and overhead cost was 523,000. During the year, 100,000 units were completed. Required: 1. Calculate the total cost of direct materials used in production. 2. Calculate the cost of goods manufactured. Calculate the unit manufacturing cost. 3. Of the unit manufacturing cost calculated in Requirement 2, 2.70 is direct materials and 5.30 is overhead. What is the prime cost per unit? Conversion cost per unit?BoAt Company had no beginning inventory and adds all materials at the very beginning of its only process. Assume 31,300 units were started, and 14,500 units completed. The ending work in process is 82% complete. The equivalent units for conversion costs is _.
- helpI need answerThe Jones Corporation uses a process system. During the current period, 3,000 units were started and 2,100 units were completed and transferred out. Ending units were 60% complete for materials and 35% complete for conversion costs. Direct materials costs added were $35,405 and conversion costs added were $25,870. There was no beginning WIP inventory, and conversion costs are added evenly throughout the process. At the end of the period, the cost per equivalent unit for conversion costs would be closest to 1. $13.41 2. $10.71 3. $16.86 4. $12.32
