Business, 23.05.2020 03:02 emilysmith20044
Callahan Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 290 units in process, started 1,490 ?units, and had 180 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 10% complete with respect to conversion costs. During the month 1,600 units were completed and transferred out. The department incurred the following costs:.
Beginning WIP Added this month Total
Direct Materials $700 $3,400 $4,100
Conversion Costs 300 6,150 6,450
Total $1,000 $9,550 $10,550
The cost per equivalent unit for direct materials is: (Round your answer to two decimal places.)
A. $2.56
B. $7.30
C. $5.93
D. $2.30
Answers: 2
Business, 21.06.2019 20:40
Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t
Answers: 3
Business, 22.06.2019 18:50
)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs
Answers: 1
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
Callahan Company uses the weighted-average method in its process costing system. The Packaging Depar...
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