Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Feb 09, 2023

TLC manufacturing company process and to produce total of 3,000 units during the period. However only 2,500 units were completed in the period. Closing

TLC manufacturing company process and to produce total of 3,000 units during the period. However only 2,500 units were completed in the period. Closing work-in progress was 100% complete with respect to materials and 80% complete with respect to conversion costs. What were the equivalent units of production in the period and calculate the materials and conversion costs?

Step by Step Solution

★★★★★

3.32 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

Equivalent Units UNITS PhysicalUnits Completed Direc... 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

Step: 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

Cornerstones of Financial and Managerial Accounting

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

2nd edition

978-0538473484, 538473487, 978-1111879044

More Books

Students also viewed these Accounting questions

Question

★★★★★

The production department in a process manufacturing system completed 191,500 units of product and transferred them to finished goods during a recent period. Of these units, 31,500 were in process at...

Answered: 1 week ago

Question

★★★★★

The company completed 14,000 units during March. Manufacturing costs incurred during March were direct materials costs of $200,000 and conversion costs of $300,000. Inventory at March 1 was carried...

Answered: 1 week ago

Question

★★★★★

The production department in a process manufacturing system completed 197,500 units of product and transferred them to finished goods during a recent period. Of these units, 26,000 were in process at...

Answered: 1 week ago

Question

★★★★★

Demand-pull inflation occurs because the government prints more (more/less) money in the economy. Consumers then Demand more equilibrium quantity (Q*) of each good increase (increase/decrease)...

Answered: 1 week ago

Question

★★★★★

What are the required lease disclosures for the lessor and lessee?

Answered: 1 week ago

Question

★★★★★

Given a function f that is differentiable on its domain, write and explain the relationship between the differentials dx and dy.

Answered: 1 week ago

Question

★★★★★

For a binary variable ???? and a dichotomous explanatory variable ????, how is the odds ratio computed.

Answered: 1 week ago

Question

★★★★★

The Dynaco Manufacturing Company has an assembly line that feeds two drill presses. As partially completed products come off the line, they are lined up to be worked on as drill presses become...

Answered: 1 week ago

Question

★★★★★

How to enter the solution: If the value of a variable is a number, just enter the number. If the value of a variable is a formula involving free variables, enter the formula. For example, if you...

Answered: 1 week ago

Question

★★★★★

Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $110,000 and Keon transferred an acre of undeveloped land to...

Answered: 1 week ago

Question

★★★★★

2. Please, explain and give your opinion on the Income statement expense classification according to Saudi accounting framework vs. the IFRS framework. Which one do you think is more useful for...

Answered: 1 week ago

Question

★★★★★

1. Question1 Some of Carmen Reinhart's historical findings on sovereign defaults include: (check all that apply) It is common for governments to solve their debt problems by inflating their...

Answered: 1 week ago

Question

★★★★★

30- Infiltrative lesions are sometimes described as having a O A. sunburst O B. cloud-like O C. moth eaten O D. mashed potatoes appearance.

Answered: 1 week ago

Question

★★★★★

Consider the operation ProperPreOrSuffix(L) on languages over the al- phabet = {a, b, c}. ProperPreOrSuffix(L) = {x | w L, y = and w = xy or w = yx} Show that regular languages are closed under the...

Answered: 1 week ago

Question

★★★★★

12. The formula 1 1 f b 1 - + a gives the relationship between the focal length, f, of a lens; the object's distance, b, from the lens; and the image's distance, a, from the lens. Find an expression...

Answered: 1 week ago

Question

★★★★★

A company has two operating departments (Appliances and Electronics) and one service department (Office). The Office department reports direct expenses of $40.000. The company also has $5,900 of...

Answered: 1 week ago

Question

★★★★★

Critical Accounting Policies and Estimates Our consolidated financial statements are prepared in accordance with U.S. GAAP. The preparation of these consolidated financial statements requires us to...

Answered: 1 week ago

Question

★★★★★

10m solution. If Ka(HA) = 10 then pOH of solution will be [Given : log4=0.6] (A) 6.7 (B) Greater than 6.7 & less than 7.0 (C) Greater 7.0 & less than 7.3 (D) Greater than 7.3

Answered: 1 week ago

Question

★★★★★

Bill and Steve recently formed a company that manufactures and sells high-end kitchen appliances. The following is a list of activities that occurred during the year. a. Bill and Steve each...

Answered: 1 week ago

Question

★★★★★

Refer to Problem 17-55. In problem Required: 1. Using the FIFO method, prepare the following for Department A: (a) A physical flow schedule, (b) An equivalent unit calculation, (c) Calculation of...

Answered: 1 week ago

Question

★★★★★

Rising Stars Gymnastics pays its hourly employees every Saturday. The weekly payroll for hourly employees is $5,000 and the employees hours are spread evenly from Monday through Saturday. During the...

Answered: 1 week ago

Question

★★★★★

17. A sales manager is asked to forecast the total sales of his division for a forth coming period of time. He feels that his loss function is linear as a function of the difference between his...

Answered: 1 week ago

Question

★★★★★

19. An economist is asked to predict a future value of a particular economic indicator, and he thinks that his loss function is linear with ku = 4k0. If his distribution is a uniform distribution on...

Answered: 1 week ago

Question

★★★★★

14. Attempt to determine your own utility function for money in the range from $500 to +$500. If you were given actual decision-making situations, would you act in accordance with this utility...

Answered: 1 week ago

Previous Question Next Question