The Number of Units to Account for Is Calculated As

question 69

Multiple Choice

The number of units to account for is calculated as:

• A)the number of units in beginning inventory plus the number of units started this period.
• B)the number of units in beginning inventory plus the number of units in ending inventory.
• C)the number of units started during the period.
• D)the number of equivalent units produced during the period.

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Definitions:

Cost Estimate

An approximation of the expected cost to complete a project, task, or transaction, based on available information.

Cost Driver

A factor that causes a change in the cost of an activity or production process, such as machine hours or labor hours.

Resource Driver

A factor that causes a change in the consumption of resources in the production of a product or service.

Activity Management

The process of planning, controlling, and monitoring resources and tasks to achieve specific business goals.