Ask Question, Ask an Expert


Ask Accounting Basics Expert

Q1) Bell Computers, Ltd., located in Liverpool, England, assembles standardized personal computer from parts it buys from different suppliers. Production process comprises of many steps, starting with assembly of \"mother\" circuit board, that contains central processing unit. This assembly takes place in CPU Assembly Department. The company recently hired new accountant who prepared following report for department for May using weighted-average method:

Quantity Schedule  
Units to be accounted for:  
Work in process, May 1 (materials 90% complete; conversion 80% compete) 5,000
Started into production 29,000
Total units 34,000
Units to be accounted for as follows:  
Trasferred to next department 30
Work in process, May 31 (materials 75% complete; conversion 50% compete) 4,000
Total units 34,000
Cost Reconciliation  
Cost to be accounted for:  
Work in process, May 1 £ 13,400
Cost added in the department 87,800
Total cost to be accounted for £101,200
Cost accounted for as follows:  
Work in process, May 31 £ 8,200
Trasferred to next department 93,000
Total cost accounted for £101,200

Company\'s management would like some extra information about May\'s operation in CPU Assembly Department. (Currency in England is pound, which is denoted by symbol £.)

Determine the costs per equivalent unit for May?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M918423

Have any Question? 

Related Questions in Accounting Basics

What are the roles of accounting and ethics in accounting

What are the roles of accounting and ethics in accounting within a business organization? To better illustrate your point, consider using an example (like something that you have experienced at work) that you think relat ...

Question -on november 1 2017 the account balances of hamm

Question - On November 1, 2017, the account balances of Hamm Equipment Repair were as follows. No. Debit No. Credit 101 Cash $2,400 154 Accumulated Depreciation-Equipment $2,000 112 Accounts Receivable 4,200 Account Paya ...

Accounting principles assignment-q1 smith catering service

Accounting Principles Assignment- Q1. Smith Catering Service completed the following transactions during its first month of operations for July 2016: a. Smith Catering Service commenced operations by receiving $12000 cas ...

Identifying account titles-the following are independent

Identifying Account Titles- The following are independent situations. a. A new company is formed and sells 100 shares of stock for $12 per share to investors. b. A company purchases for $18,000 cash a new delivery truck ...

According to the assignment requirement and the lecture

According to the assignment requirement and the lecture slides and tutorial questions, design a multiple choice question on ordinary income and statutory income from the individual point. 400 words. The QCQ must have a c ...

Management accounting - farnsworths fine furniture

Management Accounting - Farnsworth's Fine Furniture Ltd Question 1 - (a) Prepare a new profit statement for Fred, using a variable costing approach (Also known as marginal costing, or the contribution margin approach). Y ...

Assignment 1- q1 abc co has an account payable of 7700 due

ASSIGNMENT 1- Q1. ABC, Co. has an account payable of $7,700 due XYZ, Inc. , one of its suppliers.  The amount was due to be paid on October 15, 2013.  ABC, Co. only had enough cash on hand then to pay $1,700 of the amoun ...

The commissioners for walker county are actively

The commissioners for Walker County are actively negotiating with Falcon Industries regarding the location of a new manufacturing plant in the area. As Falcon is considering several other sites, a "generous tax holiday" ...

Accounting management and cost decisionsproduct costing

Accounting, Management, and Cost Decisions Product Costing Systems For the list of product manufacturers below, indicate whether a job-cost system (J) or a process cost system (P) would be most  appropriate. a. Chemicals ...

Accounting papermany companies use leases to acquire higher

Accounting Paper Many companies use leases to acquire higher priced assets. Leasing is an important activity for many entities. Presently some leases are capitalized and some are treated as operating leases. Opponents of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate