Steve, a Very Hardworking Supervisor, Sometimes Talks with His Friends

question 81

Multiple Choice

Steve, a very hardworking supervisor, sometimes talks with his friends on the office phone and takes office supplies home for personal use. Steve's behavior is ________.

• A) unsustainable
• B) unethical
• C) biased
• D) nepotistic

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Definitions:

Equivalent Unit

A concept in cost accounting used to apportion costs to partially completed goods, treating them as a fraction of a fully completed unit.

Process Costing System

An accounting methodology used to allocate costs to units of product in continuous processes or industries where the products are indistinguishable from each other.

Weighted-Average Method

An inventory costing method that calculates the cost of goods based on the average cost of all similar items in inventory.

Processing Department

A specific department within a manufacturing facility where a particular stage of the production process is carried out.