A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 10,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. There were 1,000 units in beginning Work in Process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
A. 10,700 units.
B. 15,000 units.
C. 15,300 units.
D. 10,000 units.
E. 10,300 units.
Answer: B
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In Schuchmann v. Air Services Heating and Air Conditioning a home owner bought a heating and A/C unit with a lifetime warranty. After five years the company refused to honor the warranty because it was too expensive. When the consumer sued, the courts held that:
a. the FTC acted against the company on behalf of similarly affected consumers and won warranty enforcement for all such consumers b. the company proved that its warranty was not "lifetime" as to ordinary maintenance, so the consumer's claim was rejected c. the company violated the state deceptive practices act and was liable under that d. the attorney general could sue on behalf of all similarly affected consumers in the state e. none of the other choices
Databases record information about general categories of information referred to as entities
Indicate whether the statement is true or false
Brenda is creating the marketing plan for her bakery. Many of the recipes she will use were handed down through her family and she would like to keep them secret. These recipes will be considered:
A. patent-protected. B. copyrighted. C. intellectual property. D. family heirlooms.
The Counter Division can sell externally for $60 per unit. Its variable manufacturing costs are $35 per unit, and its fixed costs are $12 per unit.Required:(a) What is the optimal transfer price for transferring internally, assuming the division is operating at capacity?(b) What is the optimal transfer price for transferring internally, assuming the division is operating at well below capacity?
What will be an ideal response?