Jill Runs a Factory That Makes Lie Detectors in Little

question 141

Multiple Choice

Jill runs a factory that makes lie detectors in Little Rock,Arkansas.This month,Jill's 34 workers produced 680 machines.Jill's average product of labor equaled ________ lie detectors per worker.

• A) 680
• B) 34
• C) 23
• D) 20
• E) None of the above answers is correct.

Compute and interpret the conversion cost per equivalent unit.

Analyze how costs are transferred through work in process accounts in a process costing system.

Recognize the structure and purpose of a cost of production report.

Learn the application of the FIFO and average costing methods in process costing.

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