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Umnica [9.8K]
3 years ago
8

RST Company incurred $126,000 in material costs during July. Additionally, the 12,000 units in the Work-in-Process Inventory on

July 1 had materials assigned to them of $32,000, even though they were only 5% complete as to materials. No additional units were started during July, and there were no unfinished units on hand on July 31. What is the material cost per unit for July, assuming RST uses weighted-average process costing? A. $10.50B. $11.59C. $13.17D. $15.49
Business
1 answer:
-BARSIC- [3]3 years ago
6 0

Answer:

$ 13.17

Explanation:

Data provided :

Material cost in the beginning = $ 126,000

Additional material cost = $ 32,000

thus,

the total material cost = $ 126,000 + $ 32,000 = $ 158,000

Units in the work in progress = 12,000 units

Therefore, the material cost per unit for July = (Total material cost) / (Units being produced)

on substituting the values in the above relation, we get

he material cost per unit for July = ( $ 158,000 ) / ( 12,000 units )

= $ 13.1667 ≈ $ 13.17

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Directing is one of the responsibilities of a management accountant. It involves governing the operations of a company in a particular direction. It is a process through which the manager guides the performance of workers to achieve set goals.

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3 years ago
On January​ 1, 2018, Tyson Manufacturing Corporation purchased a machine for​ $40,000,000. Tyson's management expects to use the
enyata [817]

Answer:

$4,842,800.00

Explanation:

Units-of-production depreciation method calculates the amount to be deprecation depending on the asset usage for that period.

In this case, the total hours the asset is expected to work.

Cost of machine $ 40,000,000.00

Salvage value : $ 47,000.00

total hours machine should work: 33,000.00

Depreciable amount: = Cost price- salvage value

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Depreciation per hour= $39,953,000.00/33000

    =1,210.6969

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5 0
3 years ago
Purchasing power is a producer's ability to buy goods and services. answer true false
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Having money with which to buy goods and services is called purchasing power
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3 years ago
You need $20,000 to purchase a used car. Your wealthy uncle is willing to lend you the money as an amortized loan. He would like
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Answer:

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4 0
3 years ago
Which of the following is a correct description of the crowding-out effect of deficit spending?
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Answer:

the options are missing, so I looked for them:

a. The buying of government bonds leads to lower interest rates, thereby reducing private investment.

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

c. The selling of government bonds leads to lower interest rates, thereby reducing private investment.

d. The buying of government bonds leads to higher interest rates, thereby reducing private investment.

the answer is:

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

Explanation:

The crowding out effect happens when the government increases its spending level in order to engage in an expansionary fiscal policy but someone needs to pay for this extra spending. In order for the government to finance their spending, they have to choose to either increase taxes or issue more debt. When they issue more debt, they end up decreasing private investment since money that could be used by private companies is used by the government instead.  

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