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The cost of energy consumed in producing units in the Bottling Department of Mountain Springs Water Company was $36,850 and $39,060 for June and July, respectively. The number of equivalent units produced in June and July was 55,000 and 62,000 liters, respectively. Evaluate the change in the cost of energy between the two months.
Reserves
Funds set aside by a company to cover future obligations, losses, or unforeseen expenses.
Accumulated Profits and Losses
The net total of all a company's profits and losses over its lifetime, not distributed as dividends.
Treasury Stock Transaction
The acquisition or reissuance of shares by a company, which may affect shareholders' equity but do not count as assets on the balance sheet.
Cost Method
An accounting method used to record investments where the investment is recorded at cost and is not adjusted for increases or decreases in the value of the underlying asset, except to reflect impairments.
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