Chapter 21, Problem 21Q

During June, the production department of a process operations system completed and transferred to finished goods a total of 82,000 units of product. At the end of May, 18,000 additional units were in process in the production department and were 70% complete with respect to materials. The beginning inventory included a materials cost of $92,400 and the production department incurred a direct materials cost of $276,800 during June. Compute the direct materials cost per equivalent unit for the department using the weighted-average method. Help

Please solve this question General accounting and step by step explanation

When should modified absorption methods replace traditional costing? a. Complex overhead structures demand specialized allocation b. Direct costs tell the whole story c. Standard absorption works everywhere d. Overhead allocation needs no changes