Macadam Corp

question 82

Multiple Choice

Macadam Corp.uses the weighted average method of process costing.Its cost per equivalent unit for direct materials was $5.00 this period,and it had 25,000 equivalent units for direct materials.Beginning inventory costs were 25% of current costs.How much were current costs?

• A)$25,000
• B)$75,000
• C)$100,000
• D)$125,000

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Definitions:

Intermediate Microeconomics

A branch of economics dealing with the behavior of individuals and firms in making decisions on the allocation of scarce resources.

Behavioral Economic Explanation

A behavioral economic explanation refers to analysis that incorporates psychological insights into human behavior to explain economic decision-making.

Nash Equilibrium

An idea in game theory that suggests a player cannot improve their situation by changing strategy if every other player's strategy remains the same.

Even Dollar Increments

A pricing strategy where goods or services are priced in whole dollar amounts rather than including cents.