1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mashutka [201]
2 years ago
13

Thomas Company uses the weighted-average method in its process costing system. The first processing department, the Welding Depa

rtment, started the month with 10,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 60,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $380,060 in conversion costs were incurred in the department during the month.What would be the cost per equivalent unit for conversion costs for the month?
Business
1 answer:
slega [8]2 years ago
5 0

Answer:

Cost per equivalent unit for conversion costs for the month = $6.21

Explanation:

<em>The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.</em>

<em>To determine the cost per equivalent units using Weighted Average Method, follow the steps below:</em>

<em>Step 1: Determine the equivalent Unit</em>

Completed units = 10,000+  60,000-19000= 51000

Items                                      Workings            Equiva. Units

Completed units    51,000    (51000 *100%) =          51,000

Closing WIP            19,000     19,000 * 70%)          =  <u>2,800</u>

Total Equivalent units                                             <u>64,300</u>

<em>Step 2 : calculate total conversion cost </em>

= 19,200 + $380,060 = 399,260

<em>Step 3 = Cost per Equivalent unit per conversion cost </em>

Cost per unit = Total conversion cost/total Equivalent units

=399,260 /64,300

= $6.21

Cost per equivalent unit for conversion costs for the month = $6.21

You might be interested in
how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?​
Vikentia [17]

Answer:

A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.

Explanation:

8 0
2 years ago
All of the following statements regarding brand loyalty are true except: Select one: a. the marketing costs of reaching loyal cu
evablogger [386]

Answer: the marketing costs of reaching loyal customers are typically very high

Explanation:

Brand loyalty is when a customer buys a product repeatedly from thesame company rather than buying a substitute from another company. Despite the efforts of the competitors to life them away, such customers are devoted to the product.

It should be noted that the marketing costs of reaching loyal customers are typically low. They hardly need any source of encouragement or advertisement to convince them to make their purchases.

6 0
3 years ago
4
Anna35 [415]

Answer:

Explanation:

B, Reexamine his budget; he had a $500 deficit this month. plato.

3 0
3 years ago
Phil wanted the computer that amy had, so he just took it. this is an example of distribution by _____ . force contests lottery
Citrus2011 [14]
The correct answer that would best complete the given statement above would be the first option: FORCE. <span>Phil</span><span> wanted the computer that Amy had, so he just took it. This is an example of distribution by force. Distribution by force often happens when someone is getting more if they have more power. This kind of distribution often leads to conflict. </span>
4 0
3 years ago
Read 2 more answers
The Human Development Index (HDI)) includes _____, but GDP per capita does not. Both measurements can be used to measure the sta
scoray [572]

how long people live

7 0
3 years ago
Read 2 more answers
Other questions:
  • Money in your emergency fund could be wisely used:
    7·1 answer
  • You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement
    7·1 answer
  • 4. Boeing just signed a contract to sell a Boeing 737 aircraft to Air France. Air France will be billed €20 million which is pay
    14·1 answer
  • A sporting goods store purchased $10,150 worth of ski boots in October. The store had $4,350 of ski boots in inventory at the be
    9·1 answer
  • Lean production should result in reduced inventories. If lean production is successfully implemented, the difference in net oper
    5·1 answer
  • true or false A demographic of people most likely to be interested in your product or service is one of your target markets.
    11·1 answer
  • Calculate how many hours his non-salary employees will take to create a large order of 1,000 shoes. What kind of budget would Jo
    7·1 answer
  • Effects of internal migration to the labour force​
    14·1 answer
  • What index measures price changes received by domestic producers for their output?
    15·1 answer
  • An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the over
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!