A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding direct labor for the current year:Ending Work in Process5,300 units, 50% completeUnits completed and transferred to finished goods28,700 unitsDirect labor costs during the year$199,300Calculate the average cost per equivalent unit for direct labor (round to the nearest cent).
What will be an ideal response?
| ? | ? | Physical Units | % of Work Completed | Equivalent Units Produced |
| (a) | Completed and transferred out | 28,700 | 100% | 28,700 |
| ? | Ending inventory of Work in Process | 5,300 | 50% | 2,650 |
| ? | Total | 34,000 | ? | 31,350 |
| (b) Average cost per equivalent unit = $199,300/31,350 = | $6.36 |
You might also like to view...
The area where two sides in a negotiation may find common ground is called ______.
What will be an ideal response?
Which of the following is part of the second stage in the process of moving from powerlessness to empowerment?
A) Feedback B) Job enrichment C) Feelings leading to powerlessness D) Reinforcement
It is reasonable for an HR manager to assume that willful violations of safety and health laws and regulations will result in more severe penalties.
Answer the following statement true (T) or false (F)
An individualized marketing method that utilizes customer information to build long-term, personalized, and profitable relationships with each customer is referred to as:
A. 80/20 marketing B. interpersonal marketing C. zoned marketing D. one-to-one marketing E. individual marketing