The costs of materials consumed in producing good units in the Forming Department were $84,000 and $85,500
Question:
The costs of materials consumed in producing good units in the Forming Department were $84,000 and $85,500 for May and June, respectively. The number of equivalent units produced in May and June was 700 tons and 750 tons, respectively. Evaluate the change in the cost of materials between the two months.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
The cost of materials has decreased by ...View the full answer
Answered By
Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
Linkedin profile link:
https://www.linkedin.com/in/gaurav-soni-38067110a
5.00+
7+ Reviews
13+ Question Solved
Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
Question Posted:
Students also viewed these Business questions
-
The cost of materials consumed in producing good units in the Forming Department was $88,000 and $80,500 for July and August, respectively. The number of equivalent units produced in July and August...
-
The costs of energy consumed in producing good units in the Baking Department were $ 14,875 and $ 14,615 for June and July, respectively. The number of equivalent units produced in June and July was...
-
The cost of energy consumed in producing good units in the Baking Department was $150,000 and $154,000 for October and November, respectively. The number of equivalent units produced in October and...
-
A saving bond earns a variable rate of interest that can change six months, with compounding done monthly. The initial rate was 6.8% in early 2015. If that rate continues unchanged for the 3 years of...
-
How do other comprehensive income elements reported by a subsidiary affect the consolidated financial statements?
-
If a horizontal force of P = 100 N is applied perpendicular to the handle of the lever at A, determine the compressive force F exerted on the material. Each single square-threaded screw has a mean...
-
If someone is interested in proxemics as a means of improving communication with others, that person would likely pay a lot of attention to his or her ____________. (a) office layout (b) status (c)...
-
a. Explain what role the Wall Street Journal and/or Barrons might play in meeting Angels needs. What other general sources of economic and current event information would you recommend to Angel?...
-
Sarah donated stock (capital gain property) to a public charity. He purchased the stock three years ago for $100,000, and on the date of the gift, it had a fair market value of $200,000. What is his...
-
The current operation consists of the following elements: Operator removes pressed unit (0.2 min) Operator walks to inspection area, checks for defects (0.1 min) Operator files rough edges (0.2 min)...
-
The costs of energy consumed in producing good units in the Baking Department were $15,680 and $15,400 for August and September, respectively. The number of equivalent units produced in August and...
-
The Converting Department of Soft N Dry Towel and Tissue Company had 920 units in work in process at the beginning of the period, which were 75% complete. During the period, 16,200 units were...
-
According to a recent survey by two United Nations agencies and a nongovernmental organization, two in every three women in the Indian capital of New Delhi are likely to face some form of sexual...
-
Find four occupations that you think fit the four categories: nonroutine manual jobs; routine manual jobs; routine cognitive jobs and nonroutine cognitive jobs. For each, what is the growth rate in...
-
A proton ( mass 1 , 6 1 0 - 2 7 ???? ???? ) collides with a neutron ( with essentially the same mass as the proton ) to form a particle called a deuteron. What is the velocity of the deuteron, if...
-
A company had 2 , 0 0 0 units in work in process at the start of a period, started 6 , 0 0 0 units into production during the period, and had 1 , 0 0 0 units in work in process at the end of the...
-
At December 31, 2024, the financial statements of Hollingsworth Industries included the following: Net income for 2024 Bonds payable, 8%, convertible into 49 million shares of common stock Common...
-
q11. XYZ Corporation issued 12% bonds, dated January 1, with a face amount of $470 million on January 1, 2024, for $420,208,482. The bonds mature on December 31, 2033 (10 years). For bonds of similar...
-
Evaluate the following integrals. Include absolute values only when needed. e3 dx x In x In? (In x) e
-
What are some of the features of the Unified Process (UP)?
-
With the economy in expansion, profits at Canadas large corporations are high, and cash flowing in is at record levels. Management must decide what to do with the growing pool of cash. Should the...
-
Oxident Products is the manufacturer of a vitamin supplement. The changes that have taken place on the company?s balance sheet accounts as a result of the past year?s activities follow: The following...
-
Refer to the data in Problem 139. The president of Empire Labs Inc. is deeply concerned. Sales increased by $5 million from last year to this year, yet the companys net income increased by only a...
-
The European Commission rebuked Greece in 2010 for falsifying public finance data. Which of the following statements is the reason for inaccurate information in the above situation? Group of answer...
-
Discounted Cash flow dan Non Discounted Cash flow. Jelaskan apa maksud dan perbedaan dari dua konsep tersebut. Metode kriteria analisis investasi apa saja yang termasuk dalam masing-masing konsep...
-
Bowling Green Financial is preparing its Budgeted Income Statement for next year. Bowling Green Financial has collected the following information about this statement: Sales for next year total...
Study smarter with the SolutionInn App