Answer:
The answer is $0.77
Explanation:
Solution
Given that:
The Statement of equivalent production for direct materials:
Particulars Direct Material
% completed Units
Units completed 100% 90000
Ending Work in process 100% 15000
Therefore, the total Equivalent unit of Production is 105000
Now,
We find the statement of cost per equivalent unit:
Particulars Direct Material
Cost of beginning work in process inventory $14,250
Add: cost added during the month $66,600
Total Costs $80,850
Equivalent unit of Production 105000
cost per equivalent unit of production for materials is $0.77
Note: The total costs was divided with the Equivalent unit of Production
= $80.850/$105000
= $0.77
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The social security act was passed by the congress in 1935 which led to the adoption of private pension plans which led the older people to retire and younger ones to come and work.
<u>Explanation:</u>
An act to accommodate the general welfare by building up an arrangement of Federal mature age benefits, and by empowering the few States to make increasingly sufficient arrangement for matured people, daze people, reliant and injured youngsters, maternal and kid welfare, general well being, and the organization of the jobs for the jobless.
The Social Security Act and related laws build up various projects that have the accompanying fundamental purposes: To accommodate the material needs of people and families; To ensure matured and debilitated people against the costs of ailments that may somehow or another utilization up their reserve funds.