Zuniga, Inc $=250$ Units $40 \%$ Complete
Direct Materials Costs

question 34

Multiple Choice

Zuniga, Inc. uses a process costing system. During May, 1,200 units were transferred into Department 2 at a cost of $38,040. Direct materials are added at the beginning of the process. Additionally: On May 1: Beginning inventories $=250$ units, $40 \%$ complete
Direct materials costs $=\$ 1,250$
Conversion costs $=\$ 1,356$
Transferred-in costs $=\$ 2,560$

During May: Direct materials costs incurred $=\$ 6,000$ Conversion costs incurred $=\$ 17,013$

On May 31: Ending Inventories $=350$ units, $20 \%$ complete Using the FIFO method, the cost per equivalent unit for transferred-in units was:

• A) $28.00
• B) $31.70
• C) $26.23
• D) $33.87

Grasp participatory-action research as a CNPM approach.

Differentiate between the types of care within CNPM.

Define the environment in CNPM terms.

Distinguish between transcendent and actualizing values in CNPM.

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Definitions:

Recency Effect

A perception problem through which we use the most recent information available to assess a person.

Recency Effect

A cognitive bias in which the most recently presented information or experiences are remembered more clearly than earlier ones.

Perceptual Errors

Mistakes in judgment or interpretation caused by inaccuracies in the perceptual process, similar to perceptual distortions but emphasizing the error aspect.

Performance Appraisal

The systematic evaluation of employees' job performance and productivity to understand their capabilities for future growth or development.