The unit cost of an assembled camera in January 2014. Given information: Direct material costs are $800,000. Conversion costs are $805,000. Cameras completed are 5,000.

Question

Want to see the full answer?

Answer 1

Question

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

What is the cost of the new machine

Henderson Company has a beginning Work-in-Process Inventory of 42,000 units (35% complete). During the period, 138,000 units were started and the ending Work-in-Process Inventory consisted of 31,000 units (70% complete). What are the equivalent units for conversion costs using weighted-average process costing?

Can you help me solve this general accounting problem with the correct methodology?

Answer 2

Question

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Answer 6

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

Answer 7

Chapter 17, Problem 17.16E

1.

To determine

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

Answer 8

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

Answer 9

2.

(a)

To determine

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.

Answer 10

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

Answer 11

(b)

To determine

To compute: the unit cost of an assembled camera in February 2014.

Answer 12

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Answer 13

3.

To determine

To explain: The reason of difference in answer of part 1 and part 2.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 17 - Give three examples of industries that use...Ch. 17 - In process costing, why are costs often divided...Ch. 17 - Explain equivalent units. Why are equivalent-unit...Ch. 17 - What problems might arise in estimating the degree...Ch. 17 - Name the five steps in process costing when...Ch. 17 - Name the three inventory methods commonly...Ch. 17 - Describe the distinctive characteristic of...Ch. 17 - Describe the distinctive characteristic of FIFO...Ch. 17 - Prob. 17.9Q Ch. 17 - Identify a major advantage of the FIFO method for...

The unit cost of an assembled camera in January 2014. Given information: Direct material costs are $800,000. Conversion costs are $805,000. Cameras completed are 5,000.

To compute: The unit cost of an assembled camera in January 2014. Given information: Direct material costs are $800,000. Conversion costs are $805,000. Cameras completed are 5,000.

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014. Given information: Direct material costs are $800,000. Conversion costs are $805,000. Cameras completed are 4,000. 1,000 cameras are 60% completed as to conversion costs.

To compute: the unit cost of an assembled camera in February 2014.

To explain: The reason of difference in answer of part 1 and part 2.

Want to see the full answer?

Chapter 17 Solutions

To compute: The unit cost of an assembled camera in January 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 5,000.

To compute: The equivalent units of transferred in costs, direct material and conversion costs February 2014.

Given information:

Direct material costs are $800,000.

Conversion costs are $805,000.

Cameras completed are 4,000.

1,000 cameras are 60% completed as to conversion costs.