Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs$7,800 Conversion costs$9,100 Percent complete with respect to materials 85%Percent complete with respect to conversion 55%Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month$102,700 Conversion costs added during the month$184,000 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60%Percent complete with
respect to conversion 50% The cost per equivalent unit for materials for the month in the first processing department is closest to:
A. $13.69
B. $14.80
C. $15.92
D. $14.73
Answer: C
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The financial balances for the Atwood Company and the Franz Company as of December 31, 2018, are presented below. Also included are the fair values for Franz Company's net assets. Atwood FranzCo. FranzCo.?(all numbers are in thousands) Book value Book value Fair value 12/31/2018 12/31/2018 12/31/2018Cash$870 $240 $240 Receivables 660 600 600 Inventories 1,230 420 580 Land 1,800 260 250 Buildings (net) 1,800 540 650 Equipment (net) 660 380 400 Accounts payable (570) (240) (240)Accrued expenses (270) (60) (60)Long-term liabilities (2,700) (1,020) (1,120)Common stock ($20 par) (1,980) Common stock ($5 par) (420) Additional paid-in
capital (210) (180) Retained earnings (1,170) (480) Revenues (2,880) (660) Expenses 2,760 620 ??Note: Parenthesis indicate a credit balance??Assume an acquisition business combination took place at December 31, 2018. Atwood issued 50 shares of its common stock with a fair value of $35 per share for all of the outstanding common shares of Franz. Stock issuance costs of $15 (in thousands) and direct costs of $10 (in thousands) were paid.?Compute consolidated revenues immediately following the acquisition. A. $1,170. B. $2,880. C. $3,540. D. $1,650. E. $4,050.
Suppose that a product's value is $1000. The manufacturer experiences a holding cost of 2.5% per month. The firm ships the product across country by truck, and it arrives six days later. The shipping cost is $80 per unit
What is the holding cost on each unit shipped? (Assume 30 days per month.) A) $0.83 B) $5.00 C) $0.07 D) $0.40 E) $150.00
The implementation phase of the ERP life cycle is also sometimes called the ________ stage
A) Go-Live B) shortest C) longest D) failure E) none of the above
A car rental company operates in two cities and offers rental cars at low rates specifically to college students from these areas. This is an example of a(n) ________
A) industry-wide differentiation strategy B) focused differentiation strategy C) focused cost leadership strategy D) industry-wide cost leadership strategy