Explain equivalent units. Why are equivalent-unit calculations necessary in process costing?
Question:
Explain equivalent units. Why are equivalent-unit calculations necessary in process costing?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Equivalent units is a derived amount of output units that ...View the full answer
Answered By
Pharashram rai
i am highly creative, resourceful and dedicated freelancer an excellent record of successful classroom presentations and writing . I have more than 4 years experience in tutoring students especially by using my note making strategies and engineering field . Especially adept at teaching methods of maths and writing , and flexible teaching style with the willingness to work beyond the call of duty. Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with .
4.80+
65+ Reviews
270+ Question Solved
Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0136126638
13th Edition
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
Question Posted:
Students also viewed these Cost Accounting questions
-
Why are the EUP calculations made for standard process costing the same as the EUP calculations for FIFO process costing?
-
Why is it necessary to calculate separate equivalent units of production for each cost component of a product? Are there times when separate EUP schedules are not necessary and, if so, why?
-
Explain why equivalent units of production for both direct labor and overhead can be the same as, and why they can be different from, equivalent units for direct materials.
-
If a charge on the body is InC, then how many electrons are present on the body? (a) 1.6 10-19 (c) 6.25 10 (b) 6.25 x 101 (d) 6.25 x 108
-
When people visit the local tanning salon, they absorb photons of ultraviolet (UV) light to get the desired tan. What are the frequency and wavelength of a UV photon whose energy is 5.9 10-19 J?
-
On November 4, 2012, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business. In 2012 and 2013, respectively, Blue took $642 and $5,128 of cost...
-
On December 31, 2020, Raven Company's portfolio of equity securities was valued at \(\$ 1,800\). The original cost of the investments in the portfolio was \(\$ 1,600\). Raven does not have...
-
(Conversion of Bonds) On January 1, 2009, Trillini Corporation issued $3,000,000 of 10-year, 8% convertible debentures at 102. Interest is to be paid semiannually on June 30 and December 31. Each...
-
A corporation is considering purchasing an asset. The cost of the asset is $40,000 (initial cash outlay). If they purchase the asset they expect additional net cash flows of $5,000 per year. Cal...
-
Preparation of a tax return for a partnership taxpayer Your client Nicole and Sam attended your office to have their 2 0 2 3 - year tax return prepared. Nicole Mania & Sam Baker are equal partners of...
-
In process costing, why are costs often divided into two main classifications?
-
What problems might arise in estimating the degree of completion of semi conductor chips in a semi conductor plant?
-
Show that the magnitude of the total linear acceleration of a point moving in a circle of radius r with angular velocity w and angular acceleration a is given by a = w4 + a2
-
1 - The management of KADJI expects to receive cash revenues of $120m, $180m and $300m four, five and six years from now, respectively.KADJI can earn an annual return of 5%, compounded annually, on...
-
The existing 10 year, 6% bonds are trading in the market at $900. The corporate tax rate is 32%. Calculate the interest rate of the new bonds. What is the after-tax interest rate for the new bonds?
-
KatyCo. is approached by a new customer to fulfill a large one-time-only special order for a product similar to one offered to domestic customers.KatyCo. has excess capacity. The following per unit...
-
Elena just bought a condo in downtown Vancouver, and the purchase price is $750,000. For this condo purchase, she used her savings to pay for the down payment of 30% of the purchase amount and...
-
3. Edwards plc manufactures silver cutlery which requires two key processes, Melting and Moulding, the output of Melting passing forward to Moulding. At the start of March 2021, 300 units were 20%...
-
In 2003, Kimberlie Webb, a practicing Muslim and police officer since 1995, requested permission from her employer, the Philadelphia Police Department, to wear a khimar, a head scarf extending to the...
-
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
-
Equations (1) and (2) can be combined to yield the equation for the formation of CH 4 (g) from its elements. Use the preceding data and a bond energy of 436 kJ mol -1 for H 2 to estimate the CH bond...
-
Describe peak-load pricing and give an example.
-
Define price discrimination and give an example.
-
What is life-cycle budgeting?
-
TRUE OR FALSE: "Built" costumes are created in a costume shop, where "pulled" costumes are previously existing outfits selected by a costume designer Group of answer choices True False
-
Accounting allows businesses to communicate information about a company's financial performance to the following groups of users: Question 15Answer a. internal users, external users, and the...
-
Because the Medical Unit may perform some of the same tasks, close coordination between the Medical Unit and the Compensation/Claims Unit is essential. The Compensation/Claims Unit maintains logs on...
Study smarter with the SolutionInn App