Equivalent Units of Production: As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units. To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials. Explanation: Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time. Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases. Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process. Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Question

Want to see the full answer?

Answer 1

Question

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

I am searching for the correct answer to this general accounting problem with proper accounting rules.

Don't use ai given answer accounting

Soultion

Answer 2

Question

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Answer 6

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Answer 7

Chapter 3, Problem 12DQ

To determine

Equivalent Units of Production:

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

To identify: Equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Explanation:

Equivalent units of production of direct labor and overheads can be same in situations where both direct labor and overheads are entered in the job at the same time.

Equivalent units of production of direct materials are usually different from equivalent units of production of direct labor and overheads because all these three elements of production may enter the job at different phases.

Direct materials enter in the beginning of the process whereas direct labor and overheads are added round the production process.

Hence, equivalent units of production for both direct labor and overheads can be same but different from equivalent units of production for direct materials.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 3 - Prob. 1MCQ Ch. 3 - Prob. 2MCQ Ch. 3 - Prob. 3MCQ Ch. 3 - Prob. 4MCQ Ch. 3 - Prob. 5MCQ Ch. 3 - What is the main factor for a company in closing...Ch. 3 - Prob. 2DQ Ch. 3 - Prob. 3DQ Ch. 3 - Prob. 4DQ Ch. 3 - Prob. 5DQ

Videos

Want to see the full answer?

Chapter 3 Solutions