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
Helen [10]
3 years ago
12

At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m

aterials, and 20% complete as to conversion. The cost of the beginning inventory, $28,650, consisted of $22,400 of material costs and $6,250 of conversion costs. During the month the department started 115,000 units and transferred 120,000 units to the next manufacturing department. Costs added in the current month consisted of $229,600 of materials costs and $540,500 of conversion costs. At the end of the month, the department had 15,000 units in inventory, 40% complete as to materials and 10% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the costs per equivalent unit of materials and conversion respectively for the Painting Department.
a. $2.00;$4.50
b. $1.82;$4.45
c. $2.05;$4.60
d. $2.05;$4.45
e. $2.25; $4.65
Business
1 answer:
Nadusha1986 [10]3 years ago
4 0

Answer:

a. $2.00; $4.50

Explanation:

Equivalent unit of material = 120,000 units + (15,000 units*40%)

Equivalent unit of material = 120,000 units + 6,000 units

Equivalent unit of material = 126,000 units

Cost per equivalent unit of material = ($22,400 + $229,600) / 126,000 unit

Cost per equivalent unit of material = $252,000 / 126,000 unit

Cost per equivalent unit of material = $2 per unit

Equivalent unit of conversion cost = 120,000 units + (15,000*10%)

Equivalent unit of conversion cost = 120,000 units + 1,500 units

Equivalent unit of conversion cost = 121,500 units

Cost per equivalent unit of conversion = ($6,250 + $540,500) / 121,500 units

Cost per equivalent unit of conversion = $546,750 / 121,500 units

Cost per equivalent unit of conversion = 4.50 per unit.

You might be interested in
The main reason for the bank mortgage collapse of 2007 can be traced to
lorasvet [3.4K]
The djdjdjdjdjdjfjfjfjdndndndjdjejsjwjsjse is b
3 0
3 years ago
Cynthia hamilton is launching a chain of smoothie restaurants. among cynthia's key partners will be firms that provide her the i
Ivan
The answer is suppliers

7 0
3 years ago
____ focuses on the productivity of the individual worker; the _____ approach focuses on the total organization.
telo118 [61]

Individual productivity in the workplace entails executing tasks that advance you toward achieving your objectives in a timely manner and contribute to your work-life balance and simplicity. You divide the average production for a given period by the expenses incurred or the resources, such as staff, used during that period to determine productivity.

Being able to create, especially quickly and with excellent quality, is a sign of productivity. Making excellent school tasks in a short amount of time is an example of productivity. How quickly toys can be produced in a toy factory is an illustration of productivity.

To learn more on individual productivity

brainly.com/question/3053378

#SPJ4

7 0
1 year ago
For commodity X, average cost is equal to marginal cost at every level of output. Assuming that the market for X is competitive
yuradex [85]

Answer:

2 3 For commodity X average cost is equal to marginal cost at every level of from ... curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. ... Suppose that the demand curve is (where is the number of gallons of liquor ...

Explanation:

7 0
3 years ago
what does it mean when you have demand for a good or service a.you can afford the good but may be unwilling to buy it. b.you wan
Nonamiya [84]
D. You are willing and able to buy the good at the given price
8 0
3 years ago
Other questions:
  • ​Fender, which uses a standard cost​ system, manufactured 20 comma 000 boat fenders during 2018​, using 141 comma 000 square fee
    14·1 answer
  • What is important to know about yourself when making a career choice?
    6·1 answer
  • Why is the demand for most services--such as popular restaurants--extremely time-and-place dependent?
    8·1 answer
  • Which of the following is a low-interest loan to students with very high financial need? A.Direct PLUS B.Pell C.Gates D.Perkins
    15·2 answers
  • Reserves decrease if the Federal Reserve?a. raises the discount rate or auctions more credit. b. raises the discount rate but no
    14·1 answer
  • Margaret was convinced to enroll in a private, for-profit college to learn how to be a psychologist's assistant. She borrowed $2
    15·1 answer
  • Greg died on July 1, 2019, and left Lea, his wife, a $45,000 life insurance policy which she elects to receive at $9,000 per yea
    10·1 answer
  • Analysts project the following cash flows for Hopkin’s Corporation during the next three years: Year 1: – $27 million (this is n
    8·1 answer
  • Which of the following is a con of buying a franchise?
    9·1 answer
  • Some observers had argued that Uber’s greatest problem was not any of its scandals, but its CEO Travis Kalanick. Now that Kalani
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!