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
ad-work [718]
3 years ago
5

Production costs chargeable to the Finishing Department in May at Kim Company are materials $7,700, labor $19,700, overhead $18,

289, and transferred-in costs $66,801. Equivalent units of production are materials 20,300 and conversion costs 18,900. Kim uses the FIFO method to compute equivalent units. Compute the unit costs for materials and conversion costs. Transferred-in costs are considered materials costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $ 5.54 Conversion cost per unit $
Business
1 answer:
kenny6666 [7]3 years ago
5 0

Answer and Explanation:

The computation of the unit cost for material and conversion cost is shown below:

Material Cost per Unit is

= Total Material Cost ÷  Equivalent Units for Materials

,= ($7,700 +  $66,801) ÷ (20,300 units)

= $3.67 per unit

And, the conversion cost per unit is

= (labor cost + overhead cost) ÷ equivalent units for conversion

= ($19,700 + $18,289) ÷ 18,900 units

= $2.01 per unit

You might be interested in
Explain how the adjust row amounts feature helps in creating qb accountant budgets
Tpy6a [65]

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

Now you'll start making adjustments. If you're starting your budget from scratch, and therefore the monthly amount is the same, you'll be able to enter the primary month. Then click “Copy Across” and therefore the amount will populate for the complete year. Or, if you have already got data from a previous year, you'll be able to click “Adjust Row Amounts” and choose to extend or decrease the monthly amount by a particular amount or percentage. This makes updating budgets much faster and allows for consistency and easy use.

The adjust row amounts feature helps in creating Quick books accountant budgets as it makes updating budgets much faster and allows for consistency and easy use.

To learn more about this Quick Books Accountants Budgets, visit the following link:

brainly.com/question/24441347

#SPJ4

4 0
1 year ago
Which of the following is defined as an unplanned event that results in damage to property? Hazard, injury, accident, violation
Zina [86]

Answer:

violation/accident.

Explanation:

Its violation because its a violation to the property, but you also can use accident because it mean a situation not done on purpose or  something unexpected which will cause damage or injury.

4 0
3 years ago
Macy is a very creative person. Often, when trying to generate a novel or useful idea, she spends several days "mulling over" th
meriva

Answer:

Correct answer is (E) incubation

Explanation:

Incubation stage of the process of gathering information about a creative work or an idea. It is a second stage in creative process where one reflect upon the preparation stage and allow the creative process to continued. It involves using high mental ability to combine thought elements that are stimulated at one point in time.

5 0
3 years ago
The strength or weakness of the potential entry of rivals as a competitive force is
solong [7]

Answer:

The correct answer is the option D: strongly correlated with the degree to which the industry's driving forces make it harder or easier for the new entrants to be successful.

Explanation:

To begin with, the entry of new competitors to the industry is regulated upon many factors that tend to make the procedure more or less difficult. Moreover, the entrance of the new companies will generate a change in the industry depend if the barriers are high or low and therefore that in certain industries the driving forces will complicate as much as they can the entrance due to the fact that there are few competitors already in the industry or because there are possession of special supplies and that is strongly correlated to the strength or wearkness of the potential entry of rivals at the industry.

3 0
3 years ago
Read 2 more answers
Claudia, a senior accountant, likes to work on her own and hence does not come out as a team player. She takes up all the work t
MrMuchimi
Overmanaging is the most evident mistake Claudia made as a senior accountant.
8 0
4 years ago
Other questions:
  • Ilsa is part of a team working on a project. Vanessa’s role on the team is to update and present status reports to management. I
    10·1 answer
  • Hero Manufacturing has 6 million shares of common stock outstanding. The current share price is $85 and the book value per share
    5·1 answer
  • At the adjourning stage of team development, the team members are most likely to:________
    5·2 answers
  • Isabel, a calendar-year taxpayer, uses the cash method of accounting for her sole proprietorship. In late December she received
    8·2 answers
  • Money is a limited resource. true or false
    8·2 answers
  • . Which one of the following applies to a general partnership?A. The firm's operations must be controlled by a single partner.B.
    12·1 answer
  • Marigold Corp. purchased a truck at the beginning of 2020 for $109700. The truck is estimated to have a salvage value of $4200 a
    15·1 answer
  • To compare statement of cash flows reporting under the direct and indirect methods, indicate whether each item is used in the di
    7·1 answer
  • Farm and Country Bank provides credit to the farmers, ranchers, and other rural residents of its community. What government prog
    7·1 answer
  • Explain how banks have transformed their commercial lending business from asset transformation to brokerage services
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!