For a Firm Using the Weighted Average Method of Process

question 25

Multiple Choice

For a firm using the weighted average method of process costing, it would not be necessary to translate physical units into equivalent units if:

• A) the FIFO method were used instead.
• B) direct materials were all added at the beginning of the process.
• C) direct labor and manufacturing overhead were combined into a single category called conversion costs.
• D) all units worked on during the period were completed during the perioD.
• Equivalent units = physical units × percentage of completion. If all units were 100% complete, equivalent units would equal physical units.

---

Definitions:

Prescriptive Theory

A theoretical framework that outlines specific actions or behaviors that should be taken in particular situations, often providing guidelines or protocols.

Essential Ingredients

Fundamental components or elements required for something to function or achieve its purpose.

Professional Commitment

Professional commitment indicates the dedication and loyalty an individual exhibits towards their profession or career, often reflecting in their work ethic and engagement.

Hall's Model

A theoretical framework in nursing that emphasizes the importance of understanding cultural differences in patient care.