**Calculate Weighted Average-Cost per Unit**To compute the weighted average-cost per unit, proceed with the following steps. Ensure that your final answer is rounded to two decimal places (e.g., 2.76).**Input Field:**- Weighted average-cost per unit: $ [Text box for input] ### Sunland Company Inventory Details for XL5500 ProductSunland Company was established in 2016 and maintains its records on a calendar-year basis. Below is the inventory information for Zhao's only product, the XL5500:#### Inventory Records| Date | Units Purchased | Unit Cost ($) ||---------------------|-----------------|---------------|| **January 1, 2017** (beginning inventory) | 1,200 | 77 || **Purchases** | | || January 8, 2017 | 300 | 78 || January 23, 2017 | 1,250 | 80 || February 9, 2017 | 350 | 82 || February 25, 2017 | 650 | 84 |A physical inventory conducted on February 28, 2017, reveals a total of 1,250 units on hand.

Weighted Average Cost per uni = (Total Cost for inventory available)/Number of units available

Answered: Calculate weighted average-cost per…

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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Subject-Acounting
7. How is direct material cost per equivalent unit calculated?
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Q. 2 (b1)
10 Ritchie Manufacturing Company makes a product that it sells for $160 per unit. The company incurs variable manufacturing costs of $84 per unit. Variable selling expenses are $12 per unit, annual fixed manufacturing costs are $470,000, and fixed selling and administrative costs are $208,400 per year. Required Determine the break-even point in units and dollars using each of the following approaches: Skipped a. Use the equation method. b. Use the contribution margin per unit approach. c. Use the contribution margin ratio approach. d. Prepare a contribution margin income statement for the break-even sales volume.
Crex Co was set up by Cynthia Rex who created her own brand of chalk paint 20 years ago. Using her background in fine art, she developed this specialist chalk paint to be used in the restoration of furniture and to decorate accessories. The chalk paints are exclusively available through Crex Co's network of over 800 independent stockists who are located in over 30 countries around the world. The manufacturing process begins with the three chemicals required for the paint being measured on electronic scales. A worker then takes the chemicals and places them into a machine for mixing. Once mixed the worker removes the mixture from the machine and transfers it to tin containers. The standard material costs per litre of chalk paint are as follows: Litres required $ per litre 0.80 1.20 0.15 1.40 0.10 0.80 1.05 Material Latex paint Plaster of Paris Calcium carbonate At the end of the last period, actual output of the chalk paint was 3,325 litres and actual data relating to this production…
When preparing a forecasted contribution margin income statement and you are given the units produced, how do you compute dollars per unit?
a) Setup cost = b) Setup time = (round your response to two decimal places). minutes (round your response to two decimal places).
Choose the correct letter of answer On a scattergrap, the diagonal line cuts across two sets of observations, namely: 600:200, and 900:500 which refer to costs and units, respectively. The fixed costs is plotted in the graph at P400. In this case, the variable cost per unit is equal to: a. P1.00b. P1.25c. P1.50d. P1.12

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Calculate weighted average-cost per unit. (Round answer to 2 decimal places, e.g. 2.76.) Weighted average-cost per unit $