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lesya [120]
3 years ago
15

What is the conversion cost per equivalent unit, when the total conversion cost for the period is $1,225 and the total units of

packaged drinking water produced during the same period is 5,000 gallons (70 percent complete?
Business
1 answer:
Eva8 [605]3 years ago
8 0
Below is the complete list of items in processing for 5,000 gallons:

Direct material rate for 5,000 gallons is $5,000,While the conversion rate for 5,000 gallons in 70% completed is 1,225.Total Complete list of the items in process is $6,225Direct Materials cost for 60 gallons is 66,000,Direct labor rate is 10,500factory overhead applied for the month is 7,275 therefore, total production cost is amounting to $90,000
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Answer:

$525,000

Explanation:

Calculation to determine what amount would it have recorded the equipment for on 6/30/2021

First step is to calculate the total interest for 10 months;

Based on the information given since the amount of $15,000 was the interest for 6 months in the year 2021 in which the note lasted for 10 months the total interest will be:

Total Interest = 10months/6months x $15,000 Total Interest=$25,000

Now let calculate 6/30/2021 Equipment

6/30/2021 Equipment=$550,000-$25,000

6/30/2021 Equipment=$525,000

Therefore what amount would it have recorded the equipment for on 6/30/2021 is $525,000

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Explanation:

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Swifty Corporation Produces a product that requires 2.9 pounds of materials per unit. The allowance for waste and spoilage per u
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Answer:

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Explanation:

Swifty Corporation

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