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tangare [24]
3 years ago
11

For the month of September, Florida, Inc., incurs a direct materials cost of $12,000 for 7,500 gallons of strawberry lemonade pr

oduced in its Mixing Department. It also incurs conversion costs of $6,000 with 80% completed. If the direct materials cost per equivalent unit was $0.90 in August and the conversion cost per equivalent unit was $1.15 per gallon in August, what is the difference in the direct materials cost per equivalent unit between the two months
Business
1 answer:
Blizzard [7]3 years ago
8 0

Answer:

The difference in the direct materials cost per equivalent unit between the two months is $0.70.

Explanation:

First calculate the direct cost per equivalent unit in September

Direct cost per equivalent unit  = Total Cost / Total Equivalent units

                                                    = $12,000 / 7,500

                                                    = $1.60

<u>Difference between the two months.</u>

September   =  $1.60

Less August = ($0.90)

Difference      = $0.70

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3 0
1 year ago
Inventory costing methods place primary reliance on assumptions about the flow of:a. goodsb. costsc. resale pricesd. values
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Answer: B costs

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In business and accounting, cost is the monetary value that has been spent by a company in order to produce something.

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Answer:

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b) Stockholders' equity  = $477,930

Explanation:

Accounting equation is defined as Assets = Liabilities + Equity.

a) If t the end of its accounting period, December 31, Ryan's Arcade has assets of $632,000 and liabilities of $220,310, the Stockholders' equity as of December 31 of the current year would be determined as follows:

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3 years ago
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