Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the
Question:
Hartwell Drug Company produces a supplement to improve bone density. Conversion costs are added evenly throughout the production process. The following information is available for March:
Required
a. Compute the number of units completed in March.
b. Compute the cost per equivalent unit for conversion costs.
c. Compute the conversion costs included in units completed in March.
d. Compute the conversion costs included in units in process at the end ofMarch.
Transcribed Image Text:
Units (gallons) in process, March 1 (40% complete) Units started in March Units in process, March 31 (80% complete) Units 400 1,000 250 Costs Conversion costs in WIP, March 1 $36,000 6,000 102,780 49,000 Labor Overhead Labor costs in March (5,100 hours) Overhead in March
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a Unit Reconciliation Units in beginning WIP 4 0 complete 400 Units starte...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
In Red Deer Companys Packaging department, conversion costs are added evenly during the process, and direct materials are added at the end of the process. Spoiled units are detected upon inspection...
-
The following information is available for completed job #402: direct materials, $60000; direct labor, $90000; manufacturing overhead applied, $45000; units produced 5000 units; units sold 4000...
-
The Elixer Drug Company produces a drug from two ingredients. Each ingredient contains the same three antibiotics, in different proportions. One gram of ingredient 1 contributes 3 units, and 1 gram...
-
1. Farmer Annie's Ice Cream Shop has calculated the marginal product of labor, and the results are shown in the following table. The wage for workers is $70 per day, and the pints of ice cream sell...
-
A stack is implemented as shown in Figure 10.14. Show the sequence of micro operations for a. Popping b. Pushing the stack Main memor Processor registers Stack limit pointer Free Block reserved c for...
-
As a safety measure, Dynea USA, Inc., required an employee, Tony Fairbanks, to wear steel-toed boots. One of the boots caused a sore on Fairbanks's leg. The skin over the sore broke, and within a...
-
You have taken the following information from a firms financial statements. As an investor in the firms debt instruments, you are concerned with its liquidity position and its use of financial...
-
The Assembly Department produced 2,000 units of product during June. Each unit required 1.5 standard direct labor hours. There were 3,200 actual hours used in the Assembly Department during June at...
-
Problem 9-5A Analyzing and journalizing notes receivable transactions LO C2, C3, P4 The following selected transactions are from Ohlm Company (Use 360 days a year.) 2016 Dec. 16 Accepted a $10,100,...
-
In mid-2013, Mr & Mrs Richard Bingham decided to go into the restaurant business. Mr Bingham was dissatisfied with his job as cook in a restaurant where he earned $9.75 an hour. In July 2013, the...
-
Kioda Corporation assembles various components used in the electronics industry. The companys major product, a computer chip, is the result of assembling three parts: X1, Y2, and Z3.The following...
-
Sassy Cotton Co. produces fine cotton fabrics. The cotton is processed and finished before being shipped out to clothing companies. Material is added in the beginning of processing, and conversion...
-
When a household is randomly selected, the probability distribution for the number x of automobiles owned is as described in the accompanying table. Determine whether a probability distribution is...
-
14. (3 points) Using our model of the egg and vinegar (part one), what is the causal account in this model? Refer to your model and work through the components and relationships that cause this...
-
D. Rewrite the following statements from an "I Approach" to a "You Approach". (5 marks) 1. We have not received your signed invoice so we cannot process payment. 2. I need to know what type of model...
-
AP Precalculus Unit 1 Study Guide: Polynomials Name: Date: 19. The graph of an ODD function is given for the interval -6x0. Use the properties of odd functions to sketch the graph of the function on...
-
Step 1 of 5: Determine the lower class boundary for the second class. Scores on a Test Class Frequency 30-47 11 48-65 14 66-83 11 84-101 9 102-119 12
-
Write a 1,500-2,000-word evaluation paper using the following instructions to complete this assignment. Go to the FBI Uniform Crime Reporting Program website (See link in the Class Resources). Search...
-
Explain why the numbers of shares of a corporations stock may differ among authorized, issued, and outstanding shares.
-
Find the reduced echelon form of each of the matrices given in Problems 120. c 1 26 + 4
-
Using the equation of state method, construct a Pxy diagram for a binary mixture of carbon dioxide (1) and benzene (2) at 25C. Use the van der Waals equation of state to determine fugacity for both...
-
The balance in beginning Work in Process at Bing Rubber Company for direct labor was $140,000. During the month of March, an additional $800,000 of direct labor was incurred, and 35,000 pounds of...
-
During December, Western Solvent completed 40,000 units. At the end of December, there were 10,000 units in ending Work in Process that were 30 percent complete with respect to labor and overhead and...
-
The McMillian Tire Company produces tires used on small trailers. The month of June ended with 600 tires in process, 90 percent complete as to direct materials, and 50 percent complete as to...
-
En prenant un exemple de votre choix, montrer comment on value un swap de taux de change.
-
How much would you need to invest today in order to receive: a. $10,000 in 5 years at 11%? b. $11,000 in 12 years at 8%? c. $12,000 each year for 10 years at 8%? d. $12,000 at the beginning of each...
-
A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life...
Study smarter with the SolutionInn App