The costs of materials consumed in producing good units in the Forming Department were $ 76,000 and
Question:
The costs of materials consumed in producing good units in the Forming Department were $ 76,000 and $ 77,350 for September and October, respectively. The number of equivalent units produced in September and October was 800 tons and 850 tons, respectively. Evaluate the change in the cost of materials between the two months.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Material cost per ton September 76000 95 80...View the full answer
Answered By
Zablon Gicharu
I am an educator who possesses the requisite skills and knowledge due to interacting with students for an extended period. I provide solutions to various problems in step-by-step explanations, a well-thought approach and an understandable breakdown. My goal is to impart more straightforward methodologies and understanding to students for more remarkable achievements.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
The cost of materials consumed in producing good units in the Forming Department was $88,000 and $80,500 for July and August, respectively. The number of equivalent units produced in July and August...
-
The costs of energy consumed in producing good units in the Baking Department were $ 14,875 and $ 14,615 for June and July, respectively. The number of equivalent units produced in June and July was...
-
The cost of energy consumed in producing good units in the Baking Department was $150,000 and $154,000 for October and November, respectively. The number of equivalent units produced in October and...
-
Let (x) = x - 3, g(x) = x, h(x) = x 3 , and j(x) = 2x. Express each of the functions as a composite involving one or more of , g, h, and j. a. y = x - 3 b. y = 2x c. y = x 1/4 d. y = 4x e. y = (x -...
-
A gas refrigeration cycle with a pressure ratio of 3 uses helium as the working fluid. The temperature of the helium is -15oC at the compressor inlet at 50oC at the turbine inlet. Assuming adiabatic...
-
What is the current price of a security that pays its owner $1,000 per year into perpetuity if the interest rate is 5 percent? The interest rate is 8 percent? What is the percent change in its price...
-
A Sampling Distribution for Average Salary of NFL Players Use StatKey or other technology to generate a sampling distribution of sample means using a sample of size \(n=5\) from the YearlySalary...
-
In her book Seven Signs of Ethical Collapse, Jennings explains: When an organization collapses ethically, it means that those in the organization have drifted into rationalizations and legalisms, and...
-
The list below is a list of how many doses of a pain medication patients take in a hospital. Construct the histogram starting at -.5 and a class width of 20. 16 44 7 25 66 16 19 18 28 0 24 38 6 17 55...
-
Automotive Interiors (AI) manufactures seats for automobiles, vans, trucks, and boats. The company has a number of plants, including the Woodstock Cover Plant, which makes seat covers. Bill Rice is...
-
The cost of materials transferred into the Rolling Department of Keystone Steel Company is $ 510,000 from the Casting Department. The conversion cost for the period in the Rolling Department is $...
-
Domino Foods, Inc., manufactures a sugar product by a continuous process, involving three production departmentsRefining, Sifting, and Packing. Assume that records indicate that direct materials,...
-
Explain why the owners of a partnership might turn their business into a private limited company.
-
Fez Corporation, a foreign to the US corporation, bought inventory in the United States and sold the inventory to customers in Morocco. Gross profit from the sale of the inventory was $200,000. Title...
-
A company has $33,000 in cash and cash equivalents, $82,000 in short term investments, $129,000 in net current receivables, $58,000 in inventory, $10,000 of prepaid insurance and $13,000 of supplies....
-
Laguna Manufacturing is considering replacing a piece of equipment with a newer, more efficient model. The old equipment was purchased several years ago for $112,500 and has annual operating costs of...
-
Last year Maya's salary was $42,302. This year she received a promotion and her salary increased to $48,589. What is the percentage increase in her salary?
-
Show that {Vx(a), Vx } = \ x .
-
What are the key differences in the way that alkanes, alkenes, and alkynes are named?
-
State whether each of the following will increase or decrease the power of a one-way between-subjects ANOVA. (a) The effect size increases. (b) Mean square error decreases. (c) Mean square between...
-
Differentiate between foreign bonds and Eurobonds.
-
Name the three inventory accounts for a manufacturing business, and describe what each balance represents at the end of an accounting period.
-
In what order should the three inventories of a manufacturing business be presented on the balance sheet?
-
In what order should the three inventories of a manufacturing business be presented on the balance sheet?
-
Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 7 , 4 0 0 pounds of oysters in August. The company s flexible budget for August appears below:...
-
How do hierarchical societies develop after some time, and which job do administration styles play in forming social standards and values inside an association ?
-
Mark Zuckerberg, is the owner of a well-known audio systems manufacturer. He wants to create a portfolio of suppliers for some of the electronics used in production. Based on historical data and...
Study smarter with the SolutionInn App