[jeff]

BEC Resources:

Free BEC Notes & Audio – https://www.another71.com/cpa-exam-study-plan

BEC 10 Point Combo: https://www.another71.com/products-page/ten-point-combo

BEC Score Release: https://www.another71.com/cpa-exam-scores-results-release

Jeff Elliott, CPA (KS) | Another71 | NINJA CPA | NINJA CMA | NINJA CPE

[samdiegoCPA]

Yeah, that makes sense… I guess once I am doing questions and not just reviewing the formulas, it'll make sense. I definitely understand it all, but I guess it threw me for a loop on test day seeing differences! Thanks for the clarifications 🙂

AUD: 84
REG: 84
BEC: 79
FAR: 83

[samdiegoCPA]

Good luck to you both! I see NYIACCT89 is going in today and UCMCPA on Monday… We got this!

AUD: 84
REG: 84
BEC: 79
FAR: 83

[samdiegoCPA]

Good luck to you both! I see NYIACCT89 is going in today and UCMCPA on Monday… We got this!

AUD: 84
REG: 84
BEC: 79
FAR: 83

[princeCPA]

Is it only me who is frustrated with Cost Accounting? I am having hard time with it….let me back to my TestBank and get destroyed..lol. No, this time I got this…..

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

Is it only me who is frustrated with Cost Accounting? I am having hard time with it….let me back to my TestBank and get destroyed..lol. No, this time I got this…..

BEC 79
FAR 86
AUD 79
REG 90

[UCMCPA]

The Lynch Company started the current year with 10,000 units in process that were 60 percent complete as to direct labor costs. As to direct labor, these units had a cost at that time of $45,000. During the year, another 50,000 units were started and direct labor cost for the period was $320,000. At the end of the year, the company had 4,000 units still in process which were 20 percent complete as to direct labor. If the company uses a FIFO system, what is the cost of a unit this year as to direct labor costs?

Just a random question for you guys.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

The Lynch Company started the current year with 10,000 units in process that were 60 percent complete as to direct labor costs. As to direct labor, these units had a cost at that time of $45,000. During the year, another 50,000 units were started and direct labor cost for the period was $320,000. At the end of the year, the company had 4,000 units still in process which were 20 percent complete as to direct labor. If the company uses a FIFO system, what is the cost of a unit this year as to direct labor costs?

Just a random question for you guys.

FAR - 84
AUD - 94
REG - 86
BEC - 86

[princeCPA]

Is it $6.3?

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

Is it $6.3?

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

EU=

Beg inv 10,000*.4—-4000

Started and completed— 46,000*1—46000

End Inv 4000*.2–800

EU 50,800

DLC per unit 320,000/50800= $6.3

I just calculated it this way–please let me know the answer—

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

EU=

Beg inv 10,000*.4—-4000

Started and completed— 46,000*1—46000

End Inv 4000*.2–800

EU 50,800

DLC per unit 320,000/50800= $6.3

I just calculated it this way–please let me know the answer—

BEC 79
FAR 86
AUD 79
REG 90

[UCMCPA]

Yes. It's 6.3

FAR - 84
AUD - 94
REG - 86
BEC - 86

[UCMCPA]

Yes. It's 6.3

FAR - 84
AUD - 94
REG - 86
BEC - 86

[princeCPA]

Ok…thanks UCMCPA and good luck with ur exam on Monday mine is on next Saturday. Are you doing MCQs or reviewing?

BEC 79
FAR 86
AUD 79
REG 90

[princeCPA]

Ok…thanks UCMCPA and good luck with ur exam on Monday mine is on next Saturday. Are you doing MCQs or reviewing?

BEC 79
FAR 86
AUD 79
REG 90

[Author]

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