For the month of September, Florida, Inc., incurs a direct materials cost of $11,250 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $5,700 with 80% completed. If the direct materials cost per equivalent unit was $0.90 in August and the conversion cost per equivalent unit was $1.10 per gallon in August, what is the difference in the direct materials cost per equivalent unit between the 2 months? a. $2.10 h $2.50

For the month of September, Florida, Inc., incurs a direct materials cost of $11,250 for 7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs conversion costs of $5,700 with 80% completed. If the direct materials cost per equivalent unit was $0.90 in August and the conversion cost per equivalent unit was $1.10 per gallon in August, what is the difference in the direct materials cost per equivalent unit between the 2 months? a. $2.10 h $2.50

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 4CE: During October, McCourt Associates incurred total production costs of 60,000 for copyediting...

See similar textbooks

Related questions

Q: How to draw a npv profile in excel

A: Net Present Value (NPV) is the technique used to discount the cash flows generated over the period…

Q: Hi - could you please send the CAPM model and explain what it is and when to use it please? Thank…

A: Capital Asset Pricing Model (CAPM):It defines the relationship of an asset’s expected return with…

Q: Q1. Provide in full the meaning of these abbreviations and tell briefly how they interface with the…

A: PIMS (PID-MoF) - Public Investment Management (Public Investment Division- Ministry of Finance)…

Q: can you hand write it instead of using excel

A: Here,Risk Free Rate is 3%Standard Deviation of Optimal Risky Portfolio is 20%Expected Return of…

Q: Denzel Brooks opens a Web consulting business called Venture Consultants and completes the following…

A: Record the transactions in the T accounts:

Q: Kate has put a lot of time and effort into streamlining the process to design and produce a greet-…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: can you help with the t account

A: The question is asking about T accounts. Please refer attached image in step 2 and 3 for T account…

Q: Using CVP analysis answer from d to g

A: Hi student Since you have asked for multiple subparts, we will answer only three subparts. If you…

Q: Define red-line method

A: Answer: A red-line strategy is nothing but a tactic used for controlling the stock, as it is the…

Q: i need details explanatio

A: Under FIFO method, unit purchase first, sold first. Cost of goods sold means we need calculate cost…

Q: Manual Computation

A: The value of the investment is the sum of the downpayment and PV of deferred annuity. A deferred…

Q: I need typing clear urjent no chatgpt use i will give 5 upvotes i need all answers pls full…

A: Step 1:9th questionStep 2:Step 3:Step 4:

Q: im having trouble with vlookup in excel

A: Type Vlookup in the formula bar of excel sheet.

Q: What is the result of inputting =IF(S>9,ok,error) into a cell? #NAME? ok 5. error

A: If function is used to validate a statement. And it gives an output according to the validation.

Q: Differentiate between source documents and vouchers.

A: A source document is generated routinely when the transaction takes place as a cash memo; invoice,…

Q: Which of the following is NOT an output attribute?a. relevanceb. exception orientationc. zonesd.…

A: Output Attribute: Some specific attributes should be explained by the output views such as…

Q: Data from different sources linked together to find the intrinsic value hidden beneath is which…

A: Data are collected, processed, analyzed, and stored by the business. There are different phases of…

Q: True or False: Access controls limit who can change records Group of answer choices True False

A: Access ControlsIn computing environments access controls manage how resources are used and prevent…

Q: could not understand need manual answer no

A: Money paid today is not same as in the future because value of money decreases with time because the…

Q: Choose the term that best describes static data? O Static data does not change once it is created. O…

A: Solution:Correct answer : (a) Static data does not change once it is created.

Q: Answer the missing numbers.

A: The future value of the cash flow is the future worth of a cash flow at a certain rate of interest…

Question

Please do not give solution in image format thanku

For the month of September, Florida, Inc., incurs a direct materials cost of $11,250 for
7,500 gallons of strawberry lemonade produced in its Mixing Department. It also incurs
conversion costs of $5,700 with 80% completed. If the direct materials cost per
equivalent unit was $0.90 in August and the conversion cost per equivalent unit was
$1.10 per gallon in August, what is the difference in the direct materials cost per
equivalent unit between the 2 months?
a. $2.10
b. $2.50
c. $0.60
d. $0.90

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

During the week of May 10, Hyrum Manufacturing produced and shipped 16,000 units of its aluminum wheels: 4,000 units of Model A and 12,000 units of Model B. The cycle time for Model A is 1.09 hours and for Model B is 0.47 hour. The following costs and production hours were incurred: Required: 1. Assume that the value-stream costs and total units shipped apply only to one model (a single-product value stream). Calculate the unit cost, and comment on its accuracy. 2. Assume that Model A is responsible for 40% of the materials cost. Calculate the unit cost for Models A and B, and comment on its accuracy. Explain the rationale for using units shipped instead of units produced in the calculation. 3. Calculate the unit cost for the two models, using DBC. Explain when and why this cost is more accurate than the unit cost calculated in Requirement 2.
For the month of July, Jacobs Company incurs a direct materials cost of $6,000 for 6,000 gallons of paint produced in its Mixing Department. It also incurs conversion costs of $1,470 with 70% completed. If the conversion cost per equivalent unit was $0.25 per gallon in June, what is the difference in the conversion cost per equivalent unit between the two months? a. $1.00 b. $0.10 c. $0.75 O d. $0.35
Using the weighted average method, what are the equivalent units for conversion costs?
Deshery Company makes small metal containers. The company began October with 300 containers in process that were 35 percent complete as to material and 45 percent complete as to conversion costs. During the month, 6,000 containers were started. At month end, 1,900 containers were still in process (40 percent complete as to material and 75 percent complete as to conversion costs). Using the weighted average method, what are the equivalent units for conversion costs? * a. 4,265b. 5,590c. 5,825d. 6,300
Axel Ltd. began operations on October 1 of the current year. Its production requires that direct materials be added at the beginning of the process, and conversion costs are incurred uniformly. Direct materials costs for October were $380,000, and conversion costs were $1,750,000. There were 80,000 units started during the month. The ending inventory was 25,000 units, which were 60% complete. What was the cost per equivalent unit for conversion? Round to the nearest cent. OA. $70.00 OB. $25.00 OC. $21.88 O D. $16.67 OE. $116.67
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $69,300. The conversion cost for the period in the Filling Department is $244,900. The total equivalent units for direct materials and conversion are 23,100 ounces and 31,000 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent.
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $279,000. The conversion cost for the period in the Filling Department is $113,220. The total equivalent units for direct materials and conversion are 62,000 ounces and 66,600 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $fill in the blank Conversion costs per equivalent unit: $fill in the blank
The cost of direct materials transferred into the Filling Department of Ivy Cosmetics Company is $43,200. The conversion cost for the period in the Filling Department is $16,725. The total equivalent units for direct materials and conversion are 72,000 ounces and 66,900 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: $fill in the blank 1 per ounce Conversion costs per equivalent unit: $fill in the blank 2 per ounce
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $20,000. The conversion cost for the period in the Filling Department is $4,560. The total equivalent units for direct materials and conversion are 50,000 ounces and 45,600 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit.
XYZ Company incurred the following costs for the month of August when it observed an activity level of 5,000 units Vanable co 532.500 Fixed costs $25,000; Mixed costs $21,500, Total costs $79,000. During October, the activity level was 16,000 units and the cnts incurred were $178,000 If the activity level were expected to be 7,000 units for the month of December, what amount of al costs would be expected? Select one DaS106,000 Ob$124,000 Oc None of the answers given a S115.000 S97.000
The cost of direct materials transferred into the Filling Department of Eve Cosmetics Company is $401,280. The conversion cost for the period in the Filling Department is $252,320. The total equivalent units for direct materials and conversion are 60,800 ounces and 66,400 ounces, respectively. Determine the direct materials and conversion costs per equivalent unit. If required, round to the nearest cent. Direct materials cost per equivalent unit: Conversion costs per equivalent unit:
The Blending Department for Westiana Paints started October with 1,200 gallons in process and started in production 9,700 gallons. During the month, 7,200 gallons were completed and transferred to the next department. Ending work-in-process was 3,700 gallons (100% comple with respect to direct materials and 30% complete for conversion costs). The department uses the weighted-average method. The Blending Department incurred the following costs: (Click the icon to view the costs.) 7. Prepare a production cost report for the Blending Department for the month of October. (Enter cost per equivalent units to the nearest cent. Abbreviations: EUP = Equivalent Units of Production.) UNITS Units to account for Total units to account for Units accounted for Total units accounted for COST: Costs to account for: Total costs to account for Cost per equivalent unit Costs accounted for: Total costs accounted for Westiana Paints Production Cost Report - Blending Department Month Ended October 31…