Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per equivalent unit for conversion cost is $3.00. The company completed and transferred out is 40,000 units. The equivalent units of ending work-in-process for materials is an additional 3,000 units, for conversion is an additional 2,000 units. What is the total cost accounting for conversion?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Zink Company uses the weighted average method for process costing. The cost per equivalent unit for direct materials is $5.00. The cost per ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,605,500.
Answers (1)
Analyze what happens to the market for cheeseburgers if the price of bratwursts falls
Answers (1)
A full-time employee who works 40 hours per week earns $8.508.50 per hour. estimate that person's annual income.
Answers (1)
Many foragers like to get the "best bang for their buck", by focusing on resources (such as plant foods) that are easier to acquire, but don't necessarily provide as many calories per unit as other resources, such as big-game animals.
Answers (1)
If a firm goes out of business because of negative economic profits, its books A. might suggest a mistaken value of explicit costs. B. might indicate a positive accounting profit. C. might indicate that opportunity costs were zero. D.
Answers (1)
New Questions in Business
From the Farm Fruits, a company that produces and distributes organic fruits for grocery stores, wants to market its fruits in such a way that children will beg their parents to buy them.
Answers (1)
For a given constant required rate of return, the greatest portion of a preferred stockholder's return comes from increases in the price of preferred stock. a. True b. False
Answers (1)
A good investment should do one or both of which two things?
Answers (1)
Which of the following is a reason franchising has become popular in recent years? A) Franchise owners are free to set their own rules and operating standards, but they benefit from national ad programs ...
Answers (1)
Viv entered into a contract with Rodin, an assassin, to kill her ex-husband. She pays him $50,000, but he does not perform the deed. She now wants her money back. Must Rodin return the money?
Answers (2)