Which of the Following Statements Concerning a Process Cost Accounting

question 91

Multiple Choice

Which of the following statements concerning a process cost accounting system is false?

• A) The units in beginning inventory plus the units transferred out during the month should equal the units in the ending inventory plus the units transferred in during the month.
• B) If material is used evenly throughout a process, the number of equivalent material units will equal the number of equivalent units for the conversion (processing) costs.
• C) Actual costing may be used in a process costing system to assign indirect overhead costs to departments.
• D) The units in beginning inventory plus the units transferred in during the month should equal the units in the ending inventory plus the units transferred out during the month.

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Definitions:

Congenital Deafness

Congenital deafness refers to hearing loss that is present at birth, which can result from genetic factors, abnormalities in the ear's structure, or maternal exposure to certain substances or infections during pregnancy.

Sensorineural

Pertaining to or involving both sensory and neural mechanisms, often used in reference to hearing loss caused by damage to the inner ear or auditory nerve.

Acoustic

Pertains to sound, or the science of sound, including its production, transmission, and effects.

Gestalt Principle

A theory in psychology that proposes the human brain sees objects in their entirety before perceiving their individual parts, emphasizing the whole of anything is greater than its parts.