The Records of Andrews Company Reflect the Following Data: Work

question 34

Multiple Choice

The records of Andrews Company reflect the following data: Work in process,beginning of the month - 4,500 units;1 / 3 completed at a cost of $2,400 for materials,$825 for labor,and $5,000 for overhead.
Production costs for the month - materials - $20,695;labor - $13,050;overhead - $41,500
Units completed and transferred to finished goods - 35,000
Work in process,end of month - 3,000 units;3 / 4 completed
What is the unit cost for material?

• A)$.66
• B)$.59
• C)$.56
• D)$.62

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Definitions:

President Andrew Jackson

The seventh President of the United States (1829-1837) known for his populist policies and role in the Indian Removal Act.

Privatization

The transfer of ownership or provision of public services or assets from the government to private individuals or organizations.

Government Services

Public services provided by the government to its citizens, including healthcare, education, and safety.

Private Firms

Businesses owned by private individuals or groups, not by the government or public.