Under the Weighted Average Method of Process Costing,the Cost Per

question 89

Multiple Choice

Under the weighted average method of process costing,the cost per equivalent unit is calculated for which of the following categories?

• A)Units sold and units in ending Finished Goods Inventory
• B)Direct materials and conversion costs
• C)Manufacturing costs and nonmanufacturing costs
• D)Completed units and ending units in process

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Definitions:

Higher-Order Conditioning

Higher-order conditioning is a form of learning in which a stimulus is paired with a previously conditioned stimulus, leading to an association and conditioned response to the new stimulus, even though it was never directly associated with the unconditioned stimulus.

Sensory Preconditioning

A learning process where a neutral stimulus becomes capable of eliciting a response after being paired with another stimulus that naturally evokes a reaction.

Conditioned Response

A learned response to a previously neutral stimulus that has been repeatedly paired with an unconditioned stimulus.

Contiguity

A principle in psychology and learning theory that suggests that events experienced close together in time or space are likely to be associated with each other.