FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Direct material cost for equivalent unit is $1.10 and there are 2000 physical units 100% complete with respect to materials. What are the total costs

Direct material cost for equivalent unit is $1.10 and there are 2000 physical units 100% complete with respect to materials. What are the total costs of these 2000 physical units that are 50% complete with respect to conversion and conversion costs are $3.75 per equivalent unit?

a. $4950

b. $5950

c. $6950

d. None of the above

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_2

Step: 3

blur-text-image_3

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

Securing And Auditing Data On DB2 For Z/Os
Securing And Auditing Data On DB2 For Z/Os

Authors: IBM Redbooks

1st Edition

0738432857, 978-0738432854

More Books

Students explore these related Accounting questions

Question

For tax year 2012, what proportion of individual income tax returns was filed on a Form 1040EZ, Form 1040A and Form 1040? What proportion was electronically filed?

Answered: 3 weeks ago

Question

Explain the importance of competitive labor market and product market forces in compensation decisions. page 470

Answered: 3 weeks ago

Question

=+22.5. 20.14 22.11 Suppose that X1, X2, ... are independent, each with the Cauchy distribution (20.45) for a common value of u.

Answered: 3 weeks ago

Question

Using the chain ratio method described in Appendix 2, estimate the market potential for the Fisker Karma sports car. Search the Internet for reasonable numbers to represent the factors you identified...

Answered: 3 weeks ago

Question

What are the criterions on Chemical Reaction Equilibria?

Answered: 3 weeks ago

Question

Alleyway Corp. manufactures two styles of leather bowling bag, the Strike and Turkey. Budgeted production levels for October follow: Strike 2,800 bags Turkey 3,250 bags Production Two departments,...

Answered: 3 weeks ago

Question

Endogenous Growth Model (20 points) Consider an economy with a total population of 100. Each individual in this economy accumulates human capital. Each period, a person has one unit of time to split...

Answered: 3 weeks ago

Question

Towards the end of the course, we discussed some of the details underlying Classical and Keynesian economics, a seemingly endless debate within the economics profession. In this, we are focusing on...

Answered: 3 weeks ago

Question

1. An individual has $4,000 to invest and three opportunities are available to him. Each opportunity requires deposits in $1,000 amounts; the investor may allocate a;; the money to just one...

Answered: 3 weeks ago

Question

The Loquat Corporation has book net income of $170,200 for the current year. Included in this figure are the following items, which are reported on the corporation's Schedule M-1, Reconciliation of...

Answered: 3 weeks ago

Question

Use the balance sheet and income statement below. VALIUM'S MEDICAL SUPPLY CORPORATION Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars). Current assets: Assets Cash and...

Answered: 3 weeks ago

Question

4-8 The Malaysian government is a major healthcare provider. The government It plans to have 33 paperless public hospitals in Malaysia in the next few years. These paperless hospitals will be enabled...

Answered: 3 weeks ago

Question

4-9 As the head of a small insurance company with six employees, you are concerned about how effectively your company is using its networking and human resources. Budgets are tight, and you are...

Answered: 3 weeks ago

Question

4-6 Is there a digital divide? If so, why does it matter?

Answered: 3 weeks ago

Previous Question Next Question