Studs Company Produces Calendars in a One-Department Process The Units Still in Process Are 100% Complete with Respect

question 138

Multiple Choice

Studs Company produces calendars in a one-department process.The following information is available: $\begin{array}{lr}\text { Direct materials added } & \$ 30,000 \\\text { Direct labor } & \$ 20,700 \\\text { Factory overhead } & \$ 10,350 \\& \\\text { Work-in-process inventory, beginning } & -0- \\\text { Units statted } & 15,000 \\\text { Units completed and transferred out } & 12,000 \\\text { Work-in-process inventory, ending } & 3,000\end{array}$ The units still in process are 100% complete with respect to direct materials and 50% complete with respect to conversion costs.The equivalent units for materials are _____.

• A)12,000
• B)15,000
• C)13,500
• D)3,000

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Definitions:

Limited Capacity

A theory that humans have a finite amount of cognitive resources available at any given time.

Positive Thinking

The practice of focusing on good and positive thoughts to achieve a desired outcome or to cope with negative situations.

Reinforcement

A process in psychology that strengthens or weakens a behavior by adding or removing a stimulus after the behavior occurs.

Individual Differences

Pertains to the distinct variations in characteristics among individuals in a population.