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A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was
A department adds materials at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of July, there was no beginning work in process, 40,000 units were completed and transferred out, and there were 20,000 units in the ending work in process that were 80% complete. During July, $96,000 materials costs and $84,000 conversion costs were charged to the department. The unit production costs for materials and conversion costs for July was Materials Conversion Costs Select one: O A. $1.60 $1.50 B. $1.60 $1.75 O C. $2.00 $1.40 O D. $2.40 $2.13 E. None of the above O Madison Company's high and low level of activity last year was 60,000 units of product produced in May and 20,000 units produced in November. Machine maintenance costs were $104,000 in May and $50,000 in November. Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units. Select one: A. $78,000 B. $112,000 0 C. $83.750 D. $60,750 0 E. None of the above
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