The equivalent units of production for conversion costs using the weighted average method would be:
Following is the information of Unicorn Inc. for the month of June:
Units
Work in process, June 1 (25% complete) 4,400
Started in June 35,200
Work in process, June 30 (35% complete) 13,200
Materials are added at the beginning of the process.
A) 35,600.
B) 34,800.
C) 36,000.
D) 31,020.
You might also like to view...
Which of the following is not true of internal control as defined by COSO?
a. It is narrower than internal control over financial reporting. b. It is a process that includes all elements of internal control working together. c. It includes all the people in the organization. d. It starts at the top of the organization in setting a tone.
Why is it important to have a balance among the three behavioural controls?
What will be an ideal response?
Studies of the effects in the workplace of which element below showed that employees are motivated by clear goals accompanied by appropriate feedback.
a. Herzberg’s two-factor theory b. McClelland’s acquired needs theory c. Goal setting theory d. Alderfer’s ERG Theory
Every financial market performs the following function:
A) It determines the level of interest rates. B) It allows common stock to be traded. C) It allows loans to be made. D) It channels funds from lenders-savers to borrowers-spenders.