The accountant at Magnificent Magic Company reported $180,000 total direct-material cost and 60,000 total direct-material equivalent units.Compute the direct-material cost per equivalent unit.
A) $1.00 per equivalent unit
B) $2.00 per equivalent unit
C) $3.00 per equivalent unit
D) $4.00 per equivalent unit
E) $5.00 per equivalent unit
Correct Answer:
Verified
Q21: Surplus,Inc.is a manufacturer of seat cushions.The company
Q22: The Flannigan Factory was recently formed to
Q23: T-account entries in process-costing systems are similar
Q24: The managerial accountant at Cheryl's Chocolate Factory
Q25: Managerial accountants calculate product costs on a:
A)preparation
Q27: Paul's Service,Inc.is a service organization that produces
Q28: T-account entries posted in process-costing systems:
A)are different
Q29: Managerial accountants estimate the degree of completion
Q30: Managerial accountants treat partially-assembled units the same
Q31: What is the first step of process
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