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:

Exponential Distribution

A continuous probability distribution used to model the time between events in a process where events occur continuously and independently at a constant average rate.

Mean

The average of a set of numbers, computed by dividing the sum of these numbers by the count of numbers in the set.

Parameter λ

Often used to denote a rate parameter in exponential distributions which quantifies the frequency of occurrence for a given event.

Normally Distributed

A type of distribution for a variable where data are symmetrically distributed around the mean, showing a bell-shaped curve.