This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two ... (Read 38 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Mar 6, 2021
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Timekeeper Inc. uses weighted-average costing.

Data for the Assembly Department for June 2017 are:
Work in process, beginning inventory350 units
 Direct materials (100% complete)
 Conversion costs (60% complete)

Units started during June1030 units
Work in process, ending inventory:220 units
 Direct materials (100% complete)
 Conversion costs (75% complete)

Costs for June 2017:
 Work in process, beginning inventory:
Direct materials$94,000
Conversion costs$140,000
Direct materials costs added during June$602,500
Conversion costs added during June$402,500
 What is the direct materials cost per equivalent unit during June?
◦ $679.51
◦ $519.40
◦ $504.71
◦ $409.86
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by michelleunicorn on Mar 6, 2021

emilymalinowski12

  • Sr. Member
  • ****
  • Posts: 338
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


michelleunicorn

  • Member
  • Posts: 565
Reply 2 on: Mar 6, 2021
Wow, this really help

rleezy04

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Prostate cancer. In this example, a large mass has grown into the urinary bladder. Prostate cancer i Prostate cancer. In this example, a large mass has grown into the urinary bladder. Prostate cancer i
the basal ganglia and limbic system the basal ganglia and limbic system
The digestive system. The digestive system.
The rotating assembly for a V-8 engine that has eight pistons and connecting rods and one ... The rotating assembly for a V-8 engine that has eight pistons and connecting rods and one ...
Active fuel management includes many different components and changes to the oiling system, which ... Active fuel management includes many different components and changes to the oiling system, which ...
Components of the lymphatic system Components of the lymphatic system
Video: Cardiac conductile cells

For a complete list of videos, visit our video library