Answer:
$ 13.167 / unit
Explanation:
Data provided:
Beginning material cost = $ 126,000
Number of units in work in progress = 12,000 units
Material cost assigned = $ 32,000
thus,
the total material cost involved = $ 126,000 + $ 32,000 = $ 158,000
Now,
the material cost per equivalent unit = Total material cost involved / number of units
on substituting the values, we have
the material cost per equivalent unit = $ 158,000 / 12,000
or
= $ 13.167 / unit
Question a)
The sum of the <u>Total assets</u> plus <u>total fixed assets</u> results in <u>total assets</u>.
Question b)
The division of <u>Net sales</u> over <u>total assets</u> results in <u>Asset Turnover</u>
Question c)
The subtraction of the <u>cost of good sold</u> from <u>net sales</u> is equal to the <u>gross margin</u>
Question d)
The subtraction of <u>Operating expenses</u> from <u>gross margin</u> results in the <u>Net Operating profits, before the taxes.</u>
Question e)
The subtraction of <u>Taxes</u> from <u>Net Profit before tax</u> results in <u>Net profit after taxes</u>
Question f)
The division of <u>Net profit after tax </u>over the <u>Net saves</u> gives you the <u>Net profit margin percentage.</u>
Question g)
The division of <u>Net profit Margin percent</u> over the <u>asset turnover </u>results in a <u>return on assets. </u>
Answer:
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