Information about units processed and processing costs incurred during a recent month in the Refining Department of a manufacturing company follow:
A)$2.55
B)$2.53
C)$2.50
D)$2.44

Question

Information about units processed and processing costs incurred during a recent month in the Refining Department of a manufacturing company follow: 
A)$2.55 
B)$2.53 
C)$2.50 
D)$2.44

Quizplus · Accepted Answer

To calculate the processing cost per unit, we need to divide the total processing cost by the total units processed. 
Total processing cost = $322,000
Total units processed = 127,000
Processing cost per unit = $322,000/127,000 = $2.53 (rounded to the nearest cent). 
Therefore, the correct answer is B, $2.53.

Information About Units Processed and Processing Costs Incurred During a Recent