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tiny-mole [99]
3 years ago
12

For the month of July, Jacobs Company incurs a direct materials cost of $6,000 for 6,000 gallons of paint produced in its Mixing

Department. It also incurs conversion costs of $1,470 with 70% completed. If the conversion cost per equivalent unit was $0.25 per gallon in June, what is the difference in the conversion cost per equivalent unit between th
Business
1 answer:
Maru [420]3 years ago
3 0

Answer:

The difference in the conversion cost per equivalent unit between the month of June and July is $0.10 .

Explanation:

Hie your question has a missing part. I have searched for the missing information and the full question reads :

<em>For the month of July, Jacobs Company incurs a direct materials cost of $6,000 for 6,000 gallons of paint produced in its Mixing Department. It also incurs conversion costs of $1,470 with 70% completed. If the conversion cost per equivalent unit was $0.25 per gallon in June, what is the difference in the conversion cost per equivalent unit between the month of June and July.</em>

Solution :

First Calculate the Total Equivalent Units of Production for Conversion Cost for July

Total Equivalent Units = 6,000 × 70%

                                     = 4,200

Then Calculate the Cost per Equivalent Unit for July

Cost per Equivalent Unit = Total Cost / Total Equivalent Units

                                         = $1,470 / 4,200

                                         = $0.35

Difference = $0.35 - $0.25

               = $0.10

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Answer:

Null : x = 0.56 ; Alternate : x < 0.56

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Explanation:

Hypothesis Testing is used to test the statistical validity of a statement. Null Hypothesis is the neutral hypothesis, signifying equality to the tested value. Alternate Hypothesis is the contradictory hypothesis, signifying deviation from the tested value.

To test 'Proportion of people giving importance to civil rights in american political life' : Let these proportion be = x

<u>Null</u> Hypothesis (H0) : x = 56% = 0.56

<u>Alternate </u>Hypothesis (H1) : x < 56 % , i.e x < 0.56

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If this calculated 't' > tabulated 't' at significance level α =0.05 ; alternate hypothesis is accepted. It implies average people thinking as mentioned < 56% (not majority)

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