Kelley's equivalent units of production using the weighted average method would be 34,250.32,000.35,000.24,740. Kelley Inc., manufactures a product that passes through two processes: mixingand molding. All manufacturing costs are added uniformly in the mixingdepartment.Information for the mixing department for October follows:Work in process, October 1:Units (55% complete)6,000$35,000$42,000$12,000Direct materialsDirect laborOverheadDuring October, 32,000 units were completed and transferred to the moldingdepartment. The following costs were incurred by the mixing department duringOctober:$120,000$160,000$50,000Direct materialsDirect laborOverhead

Name: Kelley's equivalent units of production using the weighted average met
Uploaded: 2024-03-20T06:33:06.000Z
Channel: Bartleby
Description: Kelley's equivalent units of production using the weighted average method would be 34,250.32,000.35,000.24,740. Kelley Inc., manufactures a product that passes through two processes: mixingand molding. All manufacturing costs are added uniformly in

Equivalent units of products concept came in to existence when some units are not fully completed at…

Answered: Kelley's equivalent units of production…

Business

Accounting

Kelley's equivalent units of production using the weighted average method would be 34,250. 32,000. 35,000. 24,740.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

If the total cost function is y = 6,300 + 2X, calculate the variable cost for 4,400 units. A. $8,800 B. $6,300 C. $12,600 O D. $15,100 O O
calculate the single factor productivity from the given details : Output - 84 lakhs energy input - 12 % of output material input - 20 % of output
The cost formula of the company is y=48x+1,500,000. The total break even units is
Please help me
If a company had a contribution margin of $21,000 and a contribution margin ratio of 70%, total variable costs must have been …
Determine the weighted-average unit contribution margin. (Round answer to 2 decimal places, e.g. 10.25.) Weighted-average unit contribution margin $ 135,04
The controller of Ashton Company prepared the following projected income statement: Sales $97,000 Total variable cost 32,850 Total fixed cost 43,800 Operating income $20,440 Required: Calculate the contribution margin ratio?
Based on analyzing the production.cost (Y) to units produced (X), the following relationship was found Y= S5000 - 520X The $5.000 in the equarion represents Select one Oa. Varlable production.costs per unit. లీ D- 78ed Drodocs on ఉంక ఏ01 Ur 2 ENone.of the anawers given d. Total variable production costs. Oe.Total fixed production costs
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…
The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50. Total output per Labour per period period 1 10 2 30 3 90 4 132 150 If this firm is producing 20 units of output per period its marginal cost i... O a. $1.00. O b. $0.17. O c. $0.50. O d. $1.67. O e. $10.00.
am. 122.
The total cost of a product is $135446 when 11827 units are made. Of this amount, variable cost is $2.2 per unit. What is the fixed cost per unit when 21923 units are produced, assuming the production units are within the relevant range? (Round the final answer to 2 decimal places.)