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Do you believe that a theory of what makes an action right should also provide an account of why we should perform right actions? If you do not, explain what you think the purpose of moral theories is, if they are not intended to motivate persons to do the right thing. If you do think that moral theories should be prescriptive in this sense, choose either (a) Kantian deontology, or (b) utilitarianism, and determine how well they achieve this end.
Material Costs
The total cost of materials used in the production of goods, including both direct raw materials and indirect materials.
Equivalent Units
A concept used in cost accounting to denote the amount of finished goods units that could have been produced given the total amount of direct materials, direct labor, and manufacturing overhead costs incurred.
Weighted-Average Method
An inventory costing method where costs of goods are calculated based on the weighted average of the costs of similar items.
Process Costing System
A method of costing used where identical or highly similar goods are produced, assigning costs to units of product based on the process they undergo.
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