please complete sections missing answers for both requirement $1$ and $2$

The lifts are transferred to Finished Goods Inventory before shipment to marinas across the country.

SeaWorthy's Testing Department requires no direct materials. Conversion costs are incurred evenly

throughout the testing process. Other information follows for the month of August: Requirement $2.$ What is the cost per unit for lifts completed and transferred out to Finished Goods Inventory? Wh:

would management be interested in this cost?

The cost per unit for lifts completed and transferred out to Finished Goods Inventory is

Why would management be interested in the cost per unit for lifts completed and transferred out to Finished

Goods Inventory?

A$.$ Managers would compare the average cost per lift against their budgeted costs to determine whether the

costs of the Testing Department remain under control. If budgeted costs are higher than the actual average

cost per lift, then the managers have done a good job controlling costs. In contrast, if the budgeted costs a

lower than the actual average cost per lift, managers will investigate the reason for the higher$-$than$-$expecte

costs in an effort to regain control over costs.

B$.$ Managers use the cost per lift for external financial reporting$-$specifically to calculate the Cost of Goods

Sold on the Income Statement.

C$.$ Managers use the cost per lift for external financial reporting$-$specifically to calculate the ending inventory

balances on the Balance Sheet.

D$.$ All of the above are reasons why management would be interested in this cost per unit for lifts completed

and transferred out to Finished Goods Inventory.