Kenney Co. uses process costing to account for the production of canned energy drinks. Direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. Beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. April costs were $57,600 for materials and $64,000 for conversion costs. Ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). The cost per equivalent unit for conversion costs using the weighted average method would be:
A. $1.10
B. $8.70
C. $4.00
D. $4.40
Answer: D
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Hollywood Hair recently introduced a new acai berry moisture shampoo. Wenling, director of new product development, has just reviewed the dismal results. It appears that her team did adequate research on the product's acceptance by consumers prior to its introduction and is confused by the outcome. Wenling should
A. step down as director. B. fire and replace the team lead as an example to others. C. reward her team for their effort. D. ignore the product failure. E. demote the team leader.
Which of the following are "matched" under the matching concept?
A. Assets and liabilities B. Assets and equity C. Expenses and revenues D. Expenses and liabilities
Once standard costs for direct materials, direct labor, and variable and fixed overhead have been developed, a total standard unit cost can be determined at any time
Indicate whether the statement is true or false
How can an organization measure the success of training?
What will be an ideal response?