The Equal Pay Act of 1963 Requires That Equal Pay

question 54

Multiple Choice

The Equal Pay Act of 1963 requires that equal pay be given to:

• A) All employees regardless of job or level.
• B) Union and nonunion workers performing the same job.
• C) Employees of all races/ethnic backgrounds who are performing the same job.
• D) Men and women performing equal work.

---

Definitions:

Materials Cost

Materials cost refers to the total expense of raw materials and components used in the manufacturing process of goods.

Equivalent Units

A term used in cost accounting to express the amount of work done during a period by components that were not finished, converting partially completed goods into the equivalent of fully completed units.

Weighted Average Method

An inventory costing method that averages the cost of inventory items to determine the value of goods sold and ending inventory.

Production Period

The phase in which a company is engaged in the creation or manufacturing of goods.