A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 30,000 units, 75% complete with respect to direct labor and overhead. The department completed and transferred out 127,500 units this period. The ending inventory consists of 20,000 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $24,000 and overhead costs of $32,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:
A. $0.37.
B. $0.18.
C. $0.16.
D. $0.30.
E. $0.14.
Answer: B
You might also like to view...
Which of the following is a valid message digest for the message "Buy company X"?
(a) "Cvvz dpnqboz Y" (b) 73 (c) "BcX" (d) None of the above is a valid message digest.
In Spanish Broadcasting v. Clear Channel Comm., where a radio station company sued the largest firm in the industry for monopolization, the court found that the large company, by becoming part owner of a Spanish-language chain of stations, extended its market power illegally
a. True b. False Indicate whether the statement is true or false
Frank's Furniture Company promised in a written agreement to purchase as much walnut wood "as it desires" from Forestry Products, Inc. If Frank's purchased walnut wood from another source and Forestry Products sued, what is the likely result?
What will be an ideal response?
Gandhi objected to the use of machines primarily for which of the following reasons?
a. They are dehumanizing b. They produce inferior quality goods c. They take work away from people d. They enrich the capitalists who own them