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gladu [14]
2 years ago
8

The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $91,050. The conversion cost fo

r the period in the Filling Department is $497,860. The total equivalent units for direct materials and conversion are 60,700 ounces and 68,200 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $fill in the blank 1 per ounce Conversion costs per equivalent unit: $fill in the blank 2 per ounce
Business
1 answer:
kupik [55]2 years ago
7 0

Answer:

  • Cost of Direct material per unit  = $1.50 per unit
  • Cost of Conversion = $7.30 per unit

Explanation:

Cost of Direct material per unit is:

= Total cost of direct material / Total equivalent units for direct materials

= 91,050 / 60,700

= $1.50 per unit

Cost of conversion

= Total cost of Conversion / Total equivalent units for Conversion

= 497,860 / 68,200

= $7.30 per unit

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lapo4ka [179]

Answer:

The answer is  Investigating Primary Sources

Explanation:

I chose this answer because According to this problem, even though it doesnt say it, the smartest way to investigate a location you want to make a business  

really you would need to see the sources for it.

3 0
2 years ago
During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income
gladu [14]

Answer:

b. False

Explanation:

LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.

So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.

7 0
3 years ago
The hierarchy of qualitative characteristics of financial information require that, in order to be useful for decision making, i
Effectus [21]

Answer:

Relevance and faithful representation

Explanation:

The is a general consensus that accounting information must possess certain basic characteristics for it to be useful to the users of financial statement. The International Accounting Standards Board (1ASB) gave voice to this assertion when it prescribes some basic characteristics of accounting information which are 1. Understandability 2. Relevance 3. Reliability 4. Comparability. 5.    Materiality. 6.  <em>Faithful representation.</em> 7. Substance over Form. 8. Neutrality. 9. Prudence. 8. Timeliness. 9. Completeness.

Faithful representation is the requirement that financial statement must be accurate and  must show a true and fair view of the position of the business.

8 0
2 years ago
Which of the following is not possible?a. Demand is elastic, and a decrease in price causes an increase in revenue.b. Demand is
bekas [8.4K]

Answer:

b. Demand is unit elastic, and a decrease in price causes an increase in revenue

Explanation:

According tothe revenue theory in economics

when the demand is inelastic the relationship within price and total revenue is direct. either both increases or decreases

when the demand is elastin this relationship is inverve, teh increase in price generates a decrease in total revenue

while their decrease an increase.

But, if the demand is unit elastic then, there is no variation at all

According to this theory, option B is impossible.

8 0
3 years ago
Read 2 more answers
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7nadin3 [17]

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For more information regarding arbitrary baseline, refer to the link:

brainly.com/question/11224360

5 0
2 years ago
Read 2 more answers
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