Business, 16.03.2020 22:20 coggonp

A department completed and transferred to finished goods 75,000 units. The cost per EUP for direct materials is $8.00 and the cost per EUP for conversion cost is $6.00. The costs transferred to Finished Goods Inventory is $ .

Answers: 2

Show answers

Answers

Answer from: justynejoseph6877

The cost transferred to Finished Goods Inventory is $1,050,000/-

Explanation:

To compute the cost transferred to finished goods inventory is equal to the total number of units completed and transferred to finished goods multiplied with cost per equivalent unit of labour, overhead(conversion cost) and material cost.

In this case the cost per equivalent unit for production (EUP) for direct material is $8/-. Similarly the overhead cost or conversion cost per equivalent unit for production(EUP) is given as $6/-.

Adding both the material and conversion cost per EUP i.e $8+$6 = $14/-. To arrive at the costs transferred to finished goods, all the cost incurred have to be considered i.e material and overheads.

Therefore the cost transferred to finished goods inventory is 75,000 units completed and transferred to FG, multiplied by total cost of EUP i.e $14/-.

Cost transfreed to FG inventory = 75,000 * $14 = $1,050,000/-

Answer from: Quest

Ok well you are not bhanu is the best way of a day of luck in which he i don't need yuu is the best way to get it to prove it is good for me is a name of girl then i know i know you are not bhanu is the best way to get it to prove it is good that the best way to get it to prove it is good for me is a 899hb of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people are happy children are enjoying sadness of a day changes into plesent people

Answer from: Quest

Answerthe maximum price that a buyer is willing to pay for a good;

Another question on Business

Business, 22.06.2019 01:20

Which of the following statements concerning an organization's strategy is true? a. cost accountants formulate strategy in an organization since they have more inputs about costs. b. businesses usually follow one of two broad strategies: offering a quality product at a high price, or offering a unique product or service priced lower than the competition. c. a good strategy will always overcome poor implementation. d. strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

Answers: 1

Answer

Business, 22.06.2019 06:00

When an interest-bearing note comes due and is uncollectible, the journal entry includes debitingaccounts receivable and crediting notes receivable and interest revenue.accounts receivable and crediting interest revenue.notes receivable and crediting accounts receivable and interest revenue.notes receivable and crediting accounts receivable.

Answers: 3

Answer

Business, 22.06.2019 10:00

Suppose an economy has only two sectors: goods and services. each year, goods sells 80% of its outputs to services and keeps the rest, while services sells 62% of its output to goods and retains the rest. find equilibrium prices for the annual outputs of the goods and services sectors that make each sector's income match its expenditures.

Answers: 2

Answer

Business, 22.06.2019 11:10

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.

Answers: 3

Answer

You know the right answer?

A department completed and transferred to finished goods 75,000 units. The cost per EUP for direct m...

Questions