Examlex

Solved

Crawford Company Has the Following Equivalent Units for July: Materials

question 101

Short Answer

Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are:  Materials  Conversion  Work in process, July 1$6,400$3,000 Costs added in . July 50,40042,000\begin{array}{lrr}&\text { Materials }&\text { Conversion }\\\text { Work in process, July } 1 & \$ 6,400 & \$ 3,000 \\\text { Costs added in . July } & 50,400 & 42,000\end{array}

 The unit production costs for July are: \text { The unit production costs for July are: }
 Materials  Conversion Costs  a. $2.52$2.50 b. 2.842.33 c. 2.522.33 d. 2.842.50\begin{array}{rrr}&\text { Materials }&\text { Conversion Costs }\\\text { a. } & \$ 2.52 & \$ 2.50 \\\text { b. } & 2.84 & 2.33 \\\text { c. } & 2.52 & 2.33 \\\text { d. } & 2.84 & 2.50\end{array}


Definitions:

Thomas Friedman

An American journalist and author known for his work on globalization, international affairs, and environmental issues.

The World is Flat

"The World is Flat" is a concept popularized by Thomas Friedman, suggesting that global technological advancements and interconnectedness have leveled the economic playing field across nations.

Traditional Value Chains

The sequential process of adding value to raw materials through various stages of production, leading to finished products ready for the consumer market.

Entrepreneurship Faculties

Academic or educational departments within institutions that specialize in teaching and researching entrepreneurship and related business practices.

Related Questions