Reference: 04-06
the Information Below Was Obtained from the Records

question 75

Multiple Choice

Reference: 04-06
The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system. $$\begin{array} { | l | l | l | } \hline & \text { Units } & \begin{array} { l } \text { Labour and Overhead } \\\text { (Percentage Complete) }\end{array} \\\hline \text { Work in process inventory, July 1 } & 20,000 & 40 \% \\\hline \text { Started during the month } & 70,000 & \\\hline \text { Completed during the month } & 80,000 & \\\hline \text { Work in process inventory, July } 31 & ? & 25 \% \\\hline\end{array}$$ All materials are added at the beginning of the manufacturing process.
-The equivalent units of production for material for the month are?

• A)90,000 units.
• B)70,000 units.
• C)80,000 units.
• D)82,500 units.

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Definitions:

Reward System

The structure or set up an organization uses to incentivize and recognize employee performance.

Compensation System

The structure and policies an organization uses to determine how employees are paid, including salaries, benefits, bonuses, and incentives.

Good Performance

An elevated level of achievement where an employee meets or exceeds the expectations and job requirements set by an employer.

Effective Compensation System

A pay structure designed to attract, retain, and motivate employees while supporting the strategic goals of an organization.