The unit costs for materials and conversion costs at Clearwater Manufacturing amount to $6 and $7, respectively. The ending work in process costs for 10,000 units (100% complete as to materials and 80% complete as to conversion costs) amount to: a) $114,000. b) $116,000. c) $98,000. d) $84,000.

The unit costs for materials and conversion costs at Clearwater Manufacturing amount to $6 and $7, respectively. The ending work in process costs for 10,000 units (100% complete as to materials and 80% complete as to conversion costs) amount to: a) $114,000. b) $116,000. c) $98,000. d) $84,000.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 5BE: The cost of direct materials transferred into the Rolling Department of Kraus Company is 3,000,000....

See similar textbooks

Related questions

Q: General accounting question

A: Explanation for a: The formula to calculate dividend yield is as follows:Dividend yield = Dividend…

Q: Need correct answer

A: The question requires the determination of the DOL. The degree of operating leverage (DOL) is a…

Q: Problem 3.3

A: Concept of Contractual Service Margin (CSM)The CSM represents the unearned profit that an insurer…

Q: Please given correct answer general accounting

A: The price-earnings (P/E) ratio is calculated using the formula: P/E Ratio = Share Price / Earnings…

Q: Calculate the net profit?

A: Given:Sales = $2,710,000Cost of goods sold = $2,040,000 To find out net profit we will calculate…

Q: Provide answer general accounting

A: Explanation of Cash Conversion Cycle (CCC):The Cash Conversion Cycle (CCC) represents the time it…

Q: what is the amount of the new borrowing

A: To solve the problem of determining the net new borrowing for Mountain View Corp., we can use the…

Q: What is the price earning ratio? General accounting

A: Step 1: Definition of Price-Earnings Ratio (P/E Ratio)The Price-Earnings (P/E) Ratio measures the…

Q: Kindly help me with accounting questions

A: Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…

Q: What is the net income under absorption costing for this general accounting question?

A: Step 1: Define Variable and Absorption CostingUnder variable costing, fixed manufacturing overhead…

Q: Provide answer general accounting

A: Direct MaterialsSeptember: $2,500October: $3,000Total Direct Materials:Direct Materials = 2,500 +…

Q: Need answer

A: To calculate the current assets, we include all assets that are expected to be converted into cash,…

Q: Hii ticher please given correct answer general Accounting

A: Step 1: Define WACCThe Weighted Average Cost of Capital (WACC) represents the average rate of return…

Q: Answer this general Accounting Question

A: Using Dividend Discount Model(DDM) Share Price = (D0*(1+Growth Rate))/(Cost of Equity-Growth Rate)64…

Q: None

A: Step 1: Identify the Given DataStep 2: Identify Before-Tax Dividend YieldStep 3: Calculate Taxable…

Q: What was it's charge for depreciation and amortization of this financial accounting question?

A: Step 1: Define Depreciation and Amortization (D&A)Depreciation and amortization are non-cash…

Q: provide answer accounting question

A: (a) Determine the variable cost per unit and the total fixed cost using the high-low method.…

Q: Please solve this problem

A: Step 1: Define Capital GainIf a capital asset is sold at a higher price then the gain on the sale of…

Q: I want to correct answer general accounting question

A: a. Cost of Goods Sold (COGS) Equation The formula for the cost of goods sold is: COGS = Beginning…

Q: Accounting question

A: The required return for the market is calculated using the Capital Asset Pricing Model (CAPM)…

Q: 5 PTS

A: Explanation of Joint Products: Joint products are multiple products that are produced simultaneously…

Q: Please get correct answer this financial accounting question

A: Step 1: Define Maturity ValueThe maturity value of a note is the total amount to be received at…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Stockholders' EquityStockholders' Equity represents the owners' residual…

Q: Calculate the maturity value of the note on these financial accounting question

A: To calculate the maturity value of the note, you need to add the principal amount and the interest…

Q: Subject: Financial accounting

A: Explanation of Market-to-Book Ratio:The Market-to-Book Ratio is a financial metric that compares the…

Q: Kindly help me with accounting questions

A: Step 1: Calculation of Total Appraised AssetsLand = $1.8 millionBuildings = $3.6 millionInventory =…

Q: Question

A: For financial liabilities designated at fair value through profit or loss (FVTPL), any changes in…

Q: Good Times Restaurant estimates the following costs for next year: fixed costs $120,000, variable…

A: Let's break down the calculation step by step:Total Revenue: This is the total amount of money the…

Q: What is the capital gains yield on these financial accounting question?

A: To calculate the **capital gains yield**, we follow these steps:--- Step 1: Calculate the Initial…

Q: How much sales are necessary to break even? General accounting

A: Step 1: Definition of Break-Even SalesBreak-even sales represent the amount of sales revenue…

Q: Correct answer

A: Explanation of Predetermined Overhead Rate:Predetermined overhead rate (POR) is a rate used to…

Q: General Accounting question

A: Accounts receivable turnover = Net credit sales / Average accounts receivableAverage accounts…

Q: I don't need ai answer general accounting question

A: Explanation: The formula to calculate PE ratio is as follows:PE ratio = Market price per…

Q: MCQ

A: **Explanation:** A **Just-in-Time (JIT)** inventory system focuses on reducing inventory levels by…

Q: Stark Enterprise has the following reconciliation of.... Please answer the financial accounting…

A: Step 1: Define Deferred Income Tax LiabilityDeferred income tax liability arises when temporary…

Q: What is your firm's cash conversion cycle ?

A: To calculate the **cash conversion cycle (CCC)**, we need to compute the three components of the…

Q: Calculate the company's day's sales uncollected for this general accounting question

A: Step 1: Define Days' Sales UncollectedDays' sales uncollected measures the average number of days it…

Q: General accounting MCQ

A: Explanation of Contribution Margin:The Contribution Margin is the portion of sales revenue that…

Q: Volume-based rates produce inaccurate product cost when: Multiple Choice A large portion of…

A: Volume-based rates produce inaccurate product cost when:Both a lack of volume-based overhead and…

Q: S hyne Incorporated calculates cost for an equivalent unit of production using the FIFO method.…

A: Calculation of Equivalent units of Work in process inventory July 1 for conversion to…

Q: Variable manufacturing overhead:171000, fixed manufacturing overhead:105000

A: Calculation of Total Variable CostTotal Variable Cost = Direct Material used + Direct Labor Incurred…

Q: I want to this question answer general Accounting

A: Step 1: Define Standard CostingStandard costing refers to the comparison of standard and actual…

Q: Using the information below for sundar company

A: Step 1: The cost of Goods manufactured can be calculated by adding the Total manufacturing cost and…

Q: It's net sales equal general accounting

A: Step 1: Definition of Net SalesNet sales represent the total revenue generated from sales after…

Q: ??

A: Explanation of Cost of Goods Sold (COGS): Cost of Goods Sold represents all the direct costs…

Q: Without the increase in leverage

A: To determine Rally, Inc.'s share price without the increase in leverage, we use the following…

Q: Calculate the firm's annual cash flows associated with the new project? General accounting

A: If you have any clarifications (i.e., expand the explanation) or want different, expanded, or…

Q: Hi teacher please help me this question general accounting

A: To calculate the price-earnings (P/E) ratio, we need to follow these steps: Calculate Earnings per…

Q: The standard cost of Wonder Walkers includes 3 units of direct materials at $9.00 per unit. During…

A: Explanation of Standard Cost: This is a predetermined cost that represents what a product should…

Q: What was the variable cost per dog associated with zarena's water bill? General accounting

A: To calculate the variable cost per dog, we use the formula for the slope of a line: Variable cost…

Question

Please answer the general accounting question

The unit costs for materials and conversion costs at Clearwater
Manufacturing amount to $6 and $7, respectively. The ending work in
process costs for 10,000 units (100% complete as to materials and 80%
complete as to conversion costs) amount to:
a) $114,000.
b) $116,000.
c) $98,000.
d) $84,000.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

A production department within a company received materials of $7,000 and conversion costs of $5,000 from the prior department. It added material of $78400 and conversion costs of $47000. The equivalent units are 5,000 for material and 4,000 for conversion. What is the unit cost for materials and conversion?
Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion?
The following product Costs are available for Haworth Company on the production of chairs: direct materials, $15,500; direct labor, $22.000; manufacturing overhead, $16.500; selling expenses, $6,900; and administrative expenses, $15,200. What are the prime costs? What are the conversion costs? What is the total product cost? What is the total period cost? If 7,750 equivalent units are produced, what is the equivalent material cost per unit? If 22,000 equivalent units are produced, what is the equivalent conversion cost per unit?
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?
The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is $81,200. The total equivalent units for direct materials and conversion are 8,500 tons and 8,120 tons, respectively. Determine the direct materials and conversion costs per equivalent unit.
The cost of direct materials transferred into the Rolling Department of Kraus Company is $3,000,000. The conversion cost for the period in the Rolling Department is $462,600. The total equivalent units for direct materials and conversion are 4,000 tons and 3,855 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $______ per ton Conversion cost per equivalent unit: $______per ton
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $920,500. The conversion cost for the period in the Bottling Department is $540,000. The total equivalent units for direct materials and conversion are 26,300 and 6,000 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Round your answers to the nearest cent. $ per equivalent unit of materials $ per equivalent unit of conversion costs
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $401,800. The conversion cost for the period in the Bottling Department is $528,000. The total equivalent units for direct materials and conversion are 28,700 liters and 6,600 liters, respectively. Determine the direct materials and conversion cost per equivalent unit. Cost per equivalent unit of materials Cost per equivalent unit of conversion
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $1,000,500. The conversion cost for the period in the Bottling Department is $648,000. The total equivalent units for direct materials and conversion are 34,500 liters and 7,200 liters, respectively. Determine the direct materials and conversion cost equivalent unit. Cost per equivalent unit of materials Cost per equivalent unit of conversion
Unit costs for materials and conversion cost amount to $5 and $6 respectively. The ending work in process costs for 10,000 units (100% result as to material and 75% result as to conversion costs) amount to A) $60,000. B) $72,000. C) $64,000. D) $95,000.
The cost of direct materials transferred into the Rolling Department of Jabari Company is $520, 800. The conversion cost for the period in the Rolling Department is $281,300. The total equivalent units for direct materials and conversion are 2, 800 tons and 4, 850 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: fill in the blank 1 of 2$ per ton Conversion cost per equivalent unit: fill in the blank 2 of 2$ per ton
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $20,000. The conversion cost for the period in the Filling Department is $4,560. The total equivalent units for direct materials and conversion are 50,000 ounces and 45,600 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit.