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The costs of energy consumed in producing good units in the Baking Department of Pan Company were $20,216 and $23,746 fo...

The costs of energy consumed in producing good units in the Baking Department of Pan Company were $20,216 and $23,746 for June and July, respectively. The number of equivalent units produced in June and July was 72,200 pounds, and 76,600 pounds, respectively. Evaluate the change in the cost of energy between the two months.

Round all answers to the nearest whole cent.

Energy cost per pound, June $
Energy cost per pound, July $

The cost of energy has appeared (increase/decrease) by $ _____ per pound between June and July.

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Answer #1

Evaluate the change in the cost of energy between the two months.

Round all answers to the nearest whole cent.

Energy cost per pound, June (20216/72200) $0.28
Energy cost per pound, July (23746/76600) $0.31

The cost of energy has appeared increase by $0.03 per pound between June and July.

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