Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cost per equivalent unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $16.000. The conversion cost for

image text in transcribed
image text in transcribed
Cost per equivalent unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $16.000. The conversion cost for the period in the Rolling Department is $126,000. The total equivalent units for direct materials and conversion 2.000 tons and 2.100 tons, respectively The information has been collected in the Microsoft Excel Online Open the sprehet perform the required analysis and put you in the stone below Open spreadsheet Determine the direct materials and conversion costs per equivalent Round your answers to the nearest dollar Direct materials cost per equivalent units Conversion cost per equivalent unit: Cost per equivalent unit The following data is provided for the Rolling Department of Oak Ridge Steel Company: $336,000 126,000 DATA Cost of direct materials Conversion cost for the period Total equivalent units for Direct materials Conversion 2,000 tons 2,100 tons Using formulas and cell references, perform the required analysis, and input your answers into the Amount column. Transfer the numeric results for the green entry cells (C15:C16) into the appropriate fields in CNOWV2 for grading. Amount Formulas 5 Direct materials cost per equivalent unit 6 Conversion cost per equivalent unit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Internal Auditing Handbook

Authors: K. H. Spencer Pickett

1st Edition

0471969117, 978-0471969112

More Books

Students also viewed these Accounting questions