If 20,000 units are 75% complete with respect to direct materials, thenthe equivalent units of production for direct materials are:a. 5,000 unitsb. 20,000 unitsc. 25,000 unitsd. 15,000 units

Key ConceptsEquivalent Units of Production (EUP):EUP represents the number of fully completed units…

Answered: If 20,000 units are 75% complete with…

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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If 28,000 units are 80% complete with respect to direct materials, then the equivalent units of production for direct materials are ________. The weighted−average method is used. A. 5,600 units B. 28,000 units C. 22,400 units D. 33,600 units
7,000 units in a process that are 70% complete are referred to as a. 7,000 equivalent units of production. b. 2,100 equivalent units of production. c. 4,900 equivalent units of production. d. 2,100 inequivalent units of production
direct material cost per equivalent unit is a1.10 and there are 2,000 physical units 100% complete with respect to materials. what are the total cost of these 2,000 physical units are 50% complete with respect to conversion and conversion costs are 3.55 per equivalent unit
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.
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
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:
1. Equivalent Units or Material is calculated by 500,000 units Transferred Next Department plus......Units of Ending Work in Process times 80% complete with respect to the material. 2. Equivalent Units for Direct Labor is calculated by 500,000 units Transferred to Next Department plus ...... Units of Ending work in Process multiply by 50% complete with respect to the direct labor.3. Cost per Equivalent Unit for Direct Material is calculated by dividing $......... by 580,000 DM Equivalent Units.
The cost of materials for beginning work-in-process is $10,400. Materials costs added during the period were $131,500. The equivalent units of production for materials is 50,000 units Using the weighted average method, what is the cost per equivalent unit for materials? OA. $0.21 OB. $2.04 OC. $2.63 OD. 53.84
Beginning work in process includes 400 units that are 20% complete with respectto conversion and 30% complete with respect to materials. Ending work in process includes 200 units that are 40% complete with respect to conversion and 50%complete with respect to materials. If 2,000 units were started during the period,what are the equivalent units of production for the period according to the weightedaverage method?a. Conversion equivalent units 2,280 units; Material equivalent units 2,100 unitsb. Conversion equivalent units 1,980 units; Material equivalent units 2,080 unitsc. Conversion equivalent units 2,480 units; Material equivalent units 1,980 unitsd. Conversion equivalent units 2,280 units; Material equivalent units 2,300 units
Accounting
Cost Account Questions.
Assume that 12,000 units were on hand at the beginning of the period, 50,000 units were started during the period, 56,000 units were completed during the period, and 6,000 units were on hand at the end of the period. Direct materials are added at the beginning of the period. Under FIFO, the equivalent units for direct materials would be: a) 38,000 b) 50,000 c) 56,000 d) 62,000

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If 20,000 units are 75% complete with respect to direct materials, then the equivalent units of production for direct materials are: a. 5,000 units b. 20,000 units c. 25,000 units d. 15,000 units