The cost of direct materials transferred into the Rolling Department of Atlas Steel Company is $\$ 4,654,800$. The conversion cost for the period in the Rolling Department is $\$ 1,091,363$. The total equivalent units for direct materials and conversion are $86,200$ tons and $83,951$ tons, respectively. Determine the direct materials and conversion costs per equivalent unit.

At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows:

$$\begin{array}{lr} Direct materials & \$ 50,000 \\ Direct labor & \underline{36,000} \\ Total & \underline{\$ 86,000} \\ \end{array}$$

The standard materials price is $4.00 per pound. The standard direct labor rate is$ 18.00 per hour. At the end of June, the actual direct materials and direct labor costs.

There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Bezco Toy Company actually produced 4,850 units during June. Determine the direct materials quantity and direct labor time variances.

Why are materials such as rubber and glass good insulators?

Summarize: How are Earth’s surface materials recycled?

What are some of the typical characteristics of ceramic materials?

Why can solid materials hold their shape?

What is another common name for the bill-of-materials?

What type of magnetism is characteristic of most materials?

Cycles in nature, such as the rock cycle, consist of both materials and processes. What are the processes of change that take place in the rock cycle? What are the materials that are affected by these processes?

What materials are typically used in solder?

Are pyroclastic materials a significant component of shield volcanoes ?

From the choices presented in parentheses, choose the appropriate term for completing each of the following sentences: e. Materials for use in production are called (supplies, materials inventory).

Describe how rivers transport materials.

The cost of direct materials transferred into the Rolling Department of Keystone Steel Company is $510,000. The conversion cost for the period in the Rolling Department is$81,200. The total equivalent units for direct materials and conversion are 8,500 tons and 8,120 tons, respectively. Compute the direct materials and conversion costs per equivalent unit.