Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve requirement 2 for me conversion costs. for a lotal manulacturing cost of 61,565,000 Requirements 1. Assume there was no beginning inventory of any

please solve requirement 2 for me
image text in transcribed
conversion costs. for a lotal manulacturing cost of 61,565,000 Requirements 1. Assume there was no beginning inventory of any kind on January 1, this your. During January, 10,000 cameras wore placed into production and at 10,000 were fuly completed at the and of the month. What is the und cost of an assembiod camera in January? 2. Assume that durng February 10,000 cameras are placed into production. Further assume the same fotal assembly costs for January are also incurred in February, but only 9,000 cameras are Nily completed at toe end of the monh. All direct materists have been added to the remaining 1,000 cameras. However, on average, these remaining 1,000 cameras are only 50% complete an to convenion costs, (a) What are the equivalent units for direct malerials and conversion costs and their respective costs per equivalent uni for February? (b) What is the unit cost of an assembled camera in february, this yalr? 3. Explain the difference in your answers to requirements 1 and 2 Requirememt 1. Assume there was no beginning inventary of any kind on January 1, this year, Ouring January, 10,000 cameras were placed into production and alt io, 000 were fuly completed at the end of the month. What is the uns oost of an assembled camera in January? (Ptound your answers to the newest cent)

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

Managerial Accounting

Authors: Ray Garrison, Eric Noreen, Peter Brewer

15th edition

1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940

More Books

Students also viewed these Accounting questions