Why do accountants normally calculate cost per unit as an average?
A. Even when producing multiple units of the same product, normal variations occur in the amount of materials and labor used.
B. Determining the exact cost of a product is virtually impossible.
C. Some manufacturing-related costs cannot be accurately traced to specific units of product.
D. All of these are justifications for computing average unit costs.
Answer: D
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In the process of reconciling its bank statement for April, Donahue Enterprises' accountant compiles the following information: Cash balance per company books on April 30$6190?Deposits in transit at month-end$1470?Outstanding checks at month-end$790?Bank charge for printing new checks$130?Note receivable and interest collected by bank on Donahue's behalf$600?A check paid to Donahue during the month by a customer is returned by the bank as NSF$650??The adjusted cash balance per the books on April 30 is:
A. $3750 B. $5670 C. $6010 D. $6660 E. $7990
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