Timekeeper Inc.manufactures clocks on a highly automated assembly line.Its costing system uses two cost categories,direct materials and conversion costs.Each product must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of the production process.Conversion costs are allocated evenly throughout production.Timekeeper Inc.uses weighted-average costing.
Data for the Assembly Department for June 2017 are:
Costs for June 2017:
What is the direct materials cost per equivalent unit during June?
Definitions:
Chill Strip
A component used in casting and metalworking to cool and solidify metal rapidly by conducting heat away from the casting.
Tempered Aluminum
Aluminum that has been heat-treated to increase its strength and durability without losing its lightweight characteristic.
Mild Steel
A low carbon steel containing a small percentage of carbon, widely used in construction due to its malleability and relatively low cost.
C-Channel Frame Rail
A structural component in vehicles or machinery, shaped like the letter 'C', providing support and rigidity.
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