Use the Following Information for the Next 6 Questions

question 141

Multiple Choice

Use the following information for the next 6 questions.
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 equivalent units of conversion costs was

• A) 17,200
• B) 19,700
• C) 20,000
• D) 17,900

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Definitions:

Regression Analysis

A set of statistical processes for estimating the relationships among variables, often used to determine how the typical value of a dependent variable changes when any one of the independent variables is varied.

Linear Regression

A statistical method for modeling the relationship between a dependent variable and one or more independent variables by fitting a linear equation.

Typing Speed

The rate at which an individual can type, often measured in words per minute (WPM).

Reading Speed

The rate at which someone can understand and interpret text, usually measured in words per minute.