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Answer the following questions using the information below:
Dustin Plastics, Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Department A for February 2012 are:
Costs for Department A for February 2012 are:
-Dustin Plastics, Inc., manufactures plastic moldings for car seats. Its costing system uses two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production. Data for Department A for February 2012 are: Costs for the Department A for February 2012 are:
What were the equivalent units of direct materials and conversion costs, respectively, at the end of February? Assume Dustin Plastics, Inc., uses the weighted-average process costing method.
Profit Responsibility
An obligation companies bear to generate financial gains for their shareholders, ensuring the organization's economic viability and growth.
Stakeholder Responsibility
The obligation of an organization to consider the interests and wellbeing of all parties affected by its decisions and activities, including employees, customers, suppliers, and the broader community.
Consumers
Individuals or groups who purchase goods and services for personal use and are the final users in the distribution process.
Employees
Individuals who work for a company or organization and are typically compensated with wages or salaries.
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