Suppose a company uses process costing. For the month of Aug…

Suppose a company uses process costing. For the month of August, Department A has zero units in beginning work in process inventory. During August, 300 units of the company’s product are started by Department A. At the end of August, 200 of the units were completed and transferred to Department B; the other 100 units were fully processed with respect to direct materials and were, on average, 30% processed for conversion costs. During August, Department A incurred direct materials costs of $27,000, and conversion costs of $57,500.                For Department A, what is the cost per equivalent unit for conversion costs for the month of August?

A company has 3 classes of workers.  The company had expecte…

A company has 3 classes of workers.  The company had expected to use 3,000 hours and 2,000 hours of class 1 and class 2 workers, respectively.  However, the company actually used 2,750 hours and 2,050 hours of class 1 and class 2 workers, respectively.  The standard wage rate for class 1 and class 2 workers is $10.00 and $15.00, respectively.  However, the actual wage rate for class 1 and class 2 workers was $10.25 and $15.75 per hour, respectively. What is the direct labor mix variance?