Miramar, Inc

question 101

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 cost of abnormal spoilage was:

• A) $200
• B) $1,550
• C) $155
• D) $2,000

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Definitions:

Sterility

The incapacity to reproduce or achieve pregnancy after a specified period of trying, applicable to both sexes.

Memory Problems

Difficulties in remembering information, which can range from mild forgetfulness to severe issues affecting daily life.

Accidents

Unintentional events that result in damage, injury, or harm.

Psychoactive Drugs

Chemical substances that affect the central nervous system, altering brain function and resulting in changes in perception, mood, consciousness, cognition, and behavior.