Holton Company Has the Following Equivalent Units for July: Materials

question 57

Short Answer

Holton Company has the following equivalent units for July: materials 20,000 and conversion 18,000. Production cost data are: $\begin{array}{lrr}&\text { Materials }&\text { Conversion }\\\text { Work in process, July } 1 & \$ 8,000 & \$ 3,750 \\\text { Costs added in July } & 63,000 & 52,500\end{array}$

$\text { The unit production costs for July are: }$
$\begin{array}{rrr}&\text { Materials }&\text { Conversion Costs }\\\text { a. } & \$ 3.15 & \$ 3.13 \\\text { b. } & 3.55 & 2.92 \\\text { c. } & 3.15 & 2.92 \\\text { d. } & 3.55 & 3.13\end{array}$

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Definitions:

Additive Genes

Genetic models where the effects of individual genes add up to influence a trait, without dominance between alleles.

Dominant Genes

Genes that express their traits in the phenotype, regardless of the presence of their recessive counterparts in an organism's genotype.

Recessive Genes

Genes that produce their characteristic phenotype only when their allele is identical and not masked by a dominant allele in a pair.

Additive Genes

Genes that contribute incrementally in varying degrees to the phenotype of an organism.