In Mordica Company, total material costs are $36,000, and total conversion costs are $57,500. Equivalent units of production are materials 10,000 and conversion costs 12,000. Compute the unit costs for materials and conversion costs.

Equivalent cost per unit of material=$3.6

Equivalent cost per unit of conversion cost=$4.75

Explanation:

Equivalent Units E.U) are notional whole units which represent incomplete work and are used to apportion costs between between work in progress and completed work.

Equivalent cost per unit of material = Total cost of each element/Total equivalent units

Material cost

Equivalent cost per unit of material

                                    = $36,000/10,000 units

                                    =$3.6

Conversion cost

Equivalent cost per unit of conversion cost

                                                            =  $57,500/12,000

                                                             =$4.75

-the personal ownership of property

-the influence of consumer demand

explanation:

the command economy prohibits the personal ownership of property.

basically, command economy is defined as the system where a nation’s government is the one that makes all the decisions when it comes to its economy. the government is the one who controls the production of goods and services and regulates the prices and salaries.

therefore, since that the government is the authority, then all kinds of personal ownership of property is prohibited by them.