Livingston co. uses process costing to account for the production of elastic bands. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory consisted of $14,000 in materials and $8,000 in conversion costs. april costs were $72,000 for materials and $80,000 for conversion costs. during april 8,000 units were completed. ending work in process inventory was 4,000 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be:

The total cost per unit using the weighted average method would be:

$15,97  

Explanation:

                Materials   Conversion Costs  

Begining  $ 14,000         $ 8,000  

APRIL          $ 72,000        $ 80,000  

TOTAL          $ 86,000$ 88,000  

Units               8,000   8,000  

                       100%50%  

WIP                4,000   2,000  

TOTAL              12,000   10,000  

USD/Unit          7,17              8,80   $15,97  

Strategic change management

Explanation:

Every day, companies face changes, such as launching a new product, or restructuring the organization. Strategic change management allows companies to carefully and responsibly make needed changes. Strategic change management is the process of managing change in a structured, thoughtful way in order to meet organizational goals, objectives, and missions. Change is necessary for organizations to continue to thrive and meet and exceed the competition of industry competitors. There are numerous models for managing a change process. Two models that are particularly well-known and useful in understanding strategic change management are John Kotter's Change Model and Kurt Lewin's Change Model.