Callahan Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 290 units in process, started 1,490 ?units, and had 180 units in process at the end of the period. All materials are added at the beginning of the process, and conversion costs are incurred uniformly. The units in process at the end of the month are 10% complete with respect to conversion costs. During the month 1,600 units were completed and transferred out. The department incurred the following costs:.
Beginning WIP Added this month Total
Direct Materials $700 $3,400 $4,100
Conversion Costs 300 6,150 6,450
Total $1,000 $9,550 $10,550
The cost per equivalent unit for direct materials is: (Round your answer to two decimal places.)
A. $2.56
B. $7.30
C. $5.93
D. $2.30

D. $2.30

Explanation:

The calculation of the cost per equivalent unit for direct material is given below:

= Total material cost ÷ Equivalent unit of materials

where,

Total material cost is $4,100

And, the equivalent unit of material is

= Units transferred out + ending work in process units

= 1,600 + 180

= 1,780

The units transferred out is come from

= Beginning units + started units - ending units

= 290 units + 1,490 units - 180 units

= 1,600 units

Therefore, the cost per equivalent for direct material is

= $4,100 ÷ 1,780 units

= $2.30

answer: heh

explanation:

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know