The costs of materials consumed in producing good units in the Production Department of Jacobs Company were $38,000 and $39,125 for June and July, respectively. The number of equivalent units produced in June and July was 4,000 and 4,250, respectively. Which of the following best describes the change in the cost of materials between the two months?
A) The cost of materials decreased by $0.29 per unit, indicating an improvement.
B) The cost of materials increased by $1,125, indicating an unfavorable change.
C) The cost of materials increased by $0.28 per unit, indicating an unfavorable change
D) The cost of materials increased by $0.88 per unit, indicating an unfavorable change.
Correct Answer:
Verified
Q119: Department G had 3,600 units, 40% completed
Q120: Department W had 2,400 units, one-third completed
Q121: The debits to Work in Process-Assembly Department
Q122: Department E had 4,000 units in Work
Q123: Mocha Company manufactures a single product by
Q125: The cost of production report for August
Q126: Mocha Company manufactures a single product by
Q127: Department F had 4,000 units in Work
Q128: Mocha Company manufactures a single product by
Q129: Mocha Company manufactures a single product by
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents