Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry.A conduit is a tube that encircles and protects the underground cable. In the process for making the plastic conduit, called extrnsio11, the melted plastic (resin) is pressed through a die to form a tube.Scrap is produced in this process. Information from the cost of production reports for three months is as follows, assuming that inventory remains constant:Assume that there is one-half pound of 1·esin per foot of the finished product. Determine the resin materials cost per foot of finished product for each Round to the nearest whole cent.Determine the ratio of the number of resin pounds output in conduit by the number of pounds input into the process for each month. Round percentages to one decimal pl Interpret the resin materials cost per foot for the three months.Use the information in (a) and (b) to explain what is happening.Determine the conversion cost per foot of finished product for each month and interpret the resul MayJuly640,000x $1.05$672,000JuneResin pounds input into the processPrice per poundPlastic material costs460,000x $1.05$483,000600,000x $1.05$630,000$110,000Conversion costs$90,000$112,0001,120,000Conduit output from the process (feet)900,0001,100,000

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Answered: May July 640,000 x $1.05 $672,000 June…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Dura-Conduit Corporation manufactures plastic conduit that is used in the cable industry.A conduit is a tube that encircles and protects the underground cable. In the process for making the plastic conduit, called extrnsio11, the melted plastic (resin) is pressed through a die to form a tube.Scrap is produced in this process.

Information from the cost of production reports for three months is as follows, assuming that inventory remains constant:

Assume that there is one-half pound of 1·esin per foot of the finished product.

Determine the resin materials cost per foot of finished product for each Round to the nearest whole cent.
Determine the ratio of the number of resin pounds output in conduit by the number of pounds input into the process for each month. Round percentages to one decimal pl

Interpret the resin materials cost per foot for the three months.Use the information in (a) and (b) to explain what is happening.
Determine the conversion cost per foot of finished product for each month and interpret the resul

May
July
640,000
x $1.05
$672,000
June
Resin pounds input into the process
Price per pound
Plastic material costs
460,000
x $1.05
$483,000
600,000
x $1.05
$630,000
$110,000
Conversion costs
$90,000
$112,000
1,120,000
Conduit output from the process (feet)
900,000
1,100,000

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