Miramar, Inc

question 77

Multiple Choice

Miramar, Inc. uses a weighted-average process costing system which recognizes normal spoilage as 5% of good output. During the current period, 14,000 units were started and 10,000 units completed. Materials are added at the beginning of the process, conversion costs occur uniformly, and the inspection point is at the 70% point. Beginning work in process was 6,000 units, 40% complete, and ending work in process 9,000 units, 80% complete. The cost per equivalent unit for material was $1.00 and for conversion costs $3.00.
The number of units in abnormal spoilage was:

• A) 500
• B) 50
• C) -0-
• D) 550

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Definitions:

Marketing Strategy

A long-term plan designed to achieve the marketing goals of an organization by effectively reaching its target market and converting potential customers into actual ones.

Marketing Strategies

Marketing strategies are comprehensive plans formulated to achieve specific marketing goals, such as increasing brand awareness, attracting new customers, or boosting sales.

Target Market

The specific group of consumers at whom a company aims its products and services.

Time Schedule

An organized plan specifying when tasks or events are expected to take place.