At the end of July, Baker’s Mixing Department had “Total costs to account for” of $752,420. Of this amount, $287,045 related to direct materials costs, while the remainder related to conversion costs. The department had 52,190 total equivalent units of direct materials and 45,625 total equivalent units of conversion costs for the month. Compute the cost per equivalent unit for direct materials and the cost per equivalent unit for conversion costs.
Answer to relevant QuestionsReturn to the original GogglesPlus example in Exhibits. Suppose direct labour is $34,000 rather than $21,250. Now what is the conversion cost per equivalent unit? The following chart shows three different costs: Cost A, Cost B, and Cost C. For each cost, the chart shows the total cost and cost per unit at two different volumes within the same relevant range. Based on this information, ...Refer to the Sportade example in Appendix 6A and the data and your answer to S6-16. 1. Prepare the April income statement under absorption costing. 2. Is absorption costing income higher or lower than variable costing ...Grand’s Sporting Goods is a retailer of sporting equipment. Last year, Grand’s Sporting Goods’ sales revenues totalled $6,000,000. Total expenses were $2,100,000. Of this amount, approximately $1,500,000 were variable, ...Asokan’s “Golden Brown” Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Asokan needs to figure out his cost behaviour patterns. ...
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