Byers Company Had the Following Department Information for the Month

question 32

Multiple Choice

Byers Company had the following department information for the month: $$\begin{array} { l r } \text { Total materials costs } & \$ 48,000 \\\text { Equivalent units of materials } & 10,000 \\\text { Total conversion costs } & \$ 80,000 \\\text { Equivalent units of conversion costs } & 20,000\end{array}$$ What is the total manufacturing cost per unit?

• A)$4.26.
• B)$4.00.
• C)$4.80.
• D)$8.80.

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Definitions:

Put Option

A legal document that grants the possessor the option to offload a specified quantity of a specific asset at a fixed price during a defined period, without any mandatory commitment to sell.

Expiration

The end of the life of a financial instrument or contract, after which it must either be settled by delivery of the underlying assets or closed.

Dividend Paying

A characteristic of companies that regularly distribute a portion of their profits to shareholders.

Strike Call

A term that is likely confused with "call option," which is a financial contract giving the buyer the right, but not the obligation, to buy a stock or other asset at a predetermined price (the strike price) within a specific time frame.