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Written Assignment Unit 3-2

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7 views

Written Assignment Unit 3-2

Uploaded by

7drk7yfbvj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Written Assignment Unit 3

Department of Business Administration: University of the People

BUS 3304-01 - Managerial Accounting

Mary Shilpashree

September 21, 2023


Part 1.

A university has 500 students enrolled in classes. Each student attends school on a

part-time basis. On average, each student takes three-quarters of a full load of classes.

Calculate the number of full-time equivalent students (i.e., calculate the number of

equivalent units).

Answer template

To find the full-time equivalent, you multiply the total number of students by the

percentage of a full load they are taking. So, 500 students x 75% = 375 full-time

equivalent students.

[370] full-time equivalent students = [500] students x [75] % of full load

Part 2.

A total of 10,000 units of product remains in the Assembly department at the end

of the year. Direct materials are 80 percent complete and direct labor is 40 percent

complete. Calculate the equivalent units in the Assembly department for direct

materials and direct labor.

Answer template

To find the equivalent units for direct materials, you multiply the physical units

(10,000) by the percentage complete (80%), resulting in 8,000 equivalent units for

direct materials. Similarly, direct labor is 40% complete, so you multiply 10,000

physical units by 40% to get 4,000 equivalent units for direct labor. So

[8,000] direct materials equivalent units = [10,000] physical units x [80] % complete

[4,000] direct labor equivalent units = [10,000] physical units x [40] % complete

Part 3.

A local hospital has 60 nurses working on a part-time basis. On average, each

nurse works two-thirds of a full load. Calculate the number of full-time equivalent
nurses (i.e., calculate the number of equivalent units).

Answer template

To calculate the number of full-time equivalent nurses, you multiply the total

number of nurses (60) by the fraction of a full-time load they are working (2/3), which

equals 40 full-time equivalent nurses.

[40] full-time equivalent nurses = [60] nurses x [2/3] of full time

Part 4.

A total of 6,000 units of product remains in the Quality Testing department at the

end of the year. Direct materials are 75 percent complete and direct labor is 20 percent

complete. Calculate the equivalent units in the Quality Testing department for direct

materials and direct labor.

Answer template

To find the equivalent units for direct materials, you multiply the physical units

(6,000) by the percentage complete (75%), resulting in 4,500 equivalent units for

direct materials. For direct labor, you multiply 6,000 physical units by 20% to get

1,200 equivalent units for direct labor. So

[4,500] direct material equivalent units = [6,000] physical units x [75] % complete

[1,200] direct labor equivalent units = [6,000] physical units x [20] % complete

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