1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
A company uses a periodic inventory system sells a single product that had a beginning inventory of 5,000 units with a total cos
MAVERICK [17]

Answer:

D) $115,000

Explanation:

beginning 5,000 at cost of       $  35,000

purchase 12,000 at $9 each = $ 108,000

total units  available for sale 17,000

ending                            <u>        (4,000)   </u>

sold units:                              13,000

Under LIFO we first sale the newest units those are the purchased ones.

we will sale the 12,000 purchased unit  --> $108,000

13,000 - 12,000 = 1,000 there is still 1000 more unit to sale oso we take themfrom beginning inventory

and 1000 of the beginning inventory:

35,000 / 5,000 x 1,000 =  7,000

total cogs = 108,000 +7,000 = 115,000

6 0
3 years ago
Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,400,000, with an addit
Travka [436]

Answer: $3,570,000

• assets installation, shipping and installation costs.

Explanation:

The The total cost of Alexander's new equipment will be calculated thus:

= $3,400,000 + $170,000

= $3,570,000

The coat of the new equipment consist of (assets installation, shipping and installation costs).

3 0
3 years ago
Carol Byrd gets a student rate of $30.00 a month. There is a $250 deductible; but no coinsurance payment. She recently received
Elden [556K]

Answer: Company Pays $1640

Carol Bryd pays $410

Explanation:

The total bill is $2300 and the deductible needs to be taken out.

$2300-$250

=$2050

Company Payment.

Company Pays 80% which translates to 0.8

0.8*2050

= $1640 is the company Payment.

Carol then pays the difference which is

$2050 - $1640

= $410

Carol pays $410

6 0
3 years ago
A ______ establishes a company's financial and strategic objectives, and provides a set of guidelines for achieving the desired
inysia [295]

Answer:

strategic plan

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies: this involves identifying your strengths such as knowledge, technology, underlying skill, experience, ability or process that enables you to perform exceptionally and provide a unique set of products or services that meets the needs of your customers.

2. Assessment of the organization's internal strengths and weaknesses: it gives an organization certain advantages, edge and disadvantages in meeting the needs of various customers by analyzing their strengths, weaknesses, opportunities and threats (SWOT).

3. Examination of the organization's external environment: this involves examining and identifying all the factors outside of an organization that affects its performance such as customers, government policies, competitors etc.

4. Analyze your competitors: organization should ensure they are always a step ahead of the their competitors in the industry.

In conclusion, a business strategy or strategic plan sets the overall direction for an organization or business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

8 0
3 years ago
Voluntary exchanges happen when both parties expect to
zimovet [89]
Voluntary exchanges happen when both parties expect to receive a gift that is better than the gift they already gave to somebody.


If your in K12, the answer is gain.


5 0
3 years ago
Other questions:
  • You borrowed $185,000 for 30 years to buy a house. The interest rate is 4.35 percent, compounded monthly. If you pay all of your
    13·1 answer
  • So, I got a job two weeks ago and I'm a minor. I don't have a work permit. Is a permit necessary to get paid? I haven't been ask
    5·2 answers
  • What actions does the U.S. government take to ensure competition?
    8·1 answer
  • A Chapter 7 bankruptcy proceeding is formally commenced by the _____.
    7·1 answer
  • On a bank reconciliation, the amount of an unrecorded bank service charge should be
    6·1 answer
  • What educational background or training did rose lamont need?
    8·2 answers
  • Consider a $1000 bond that pays an annual interest rate of 8% and matures in two years. The prevailing interest rate has dropped
    12·1 answer
  • Your company manufactures two models of speakers, the Ultra Mini and the Big Stack. Demand for each depends partly on the price
    6·1 answer
  • Making a good first impression is vital, since we tend to form an opinion in about
    8·2 answers
  • Guay Corp., a start-up company, provided services that were acceptable to its customers and billed those customers for $400,000
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!