Scenario You Work for a Company Selling Tropical Rain Forest Plants

question 42

Multiple Choice

Scenario
You work for a company selling tropical rain forest plants commonly found in the understory of the forest. These plants are shade tolerant and can be grown indoors because they require low light. Your employer wants you to find out what is the best type of light to maximize growth of these understory plants. Using a full spectrum of natural light would cause these plants to die because they are a shade-tolerant plant species.
From your biology class, you recall that the light-dependent reactions of photosynthesis involve pigment molecules that absorb light of specific wavelengths. You also remember the experiments done by the German biologist Theodor Engelmann, in which he separated light using a prism into different wavelengths and then determined which wavelengths were best for promoting photosynthesis in the algae species he was examining. Your goal is to determine which wavelengths (colors) of light are best for promoting photosynthesis to enhance growth in your species of plant. To achieve this, you grew your plants under different wavelengths of light and measured their growth rates. The wavelengths were measured in nanometers (nm) , and the growth rate was measured in millimeters per day (mm/day) . The data you collected are as follows:
Make a bar graph plotting growth rates on the y-axis and wavelengths of light on the x-axis. Referring to your graph, answer the following questions:
-Which wavelength is best for your plants' growth?

• A)650 nm
• B)550 nm
• C)500 nm
• D)400 nm

Understand the principles and applications of job-order costing systems.

Analyze and perform calculations using the step-down method for allocating service department costs.

Calculate equivalent units of production using the weighted-average method.

Prepare journal entries for various transactions in a process costing system.

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Definitions:

Process Cost

The cost associated with a production process, allocated to products based on the process they go through rather than being directly traced to the product itself.

Conversion Costs

Conversion costs are the costs incurred to convert raw materials into finished products, including direct labor and manufacturing overhead.

Direct Labor

The labor costs directly associated with the manufacture of specific goods or services, which can be easily traced to a product.

Factory Overhead

Factory Overhead includes all indirect costs associated with the manufacturing process, such as utilities, maintenance, and manager salaries, not directly tied to production output.