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.

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Definitions:

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An exaggerated sense of personal uniqueness and indestructibility, which may be the basis for adolescent risk taking.

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