The Following Data Are Available for a Company's Manufacturing Activities

question 207

Multiple Choice

The following data are available for a company's manufacturing activities: If materials are added when the production process begins and conversion costs are applied uniformly throughout the process, what are the equivalent units for direct materials and for conversion, respectively using the FIFO method of process costing?

• A) 16,250 materials; 19,250 conversion .
• B) 16,250 materials; 21,750 conversion.
• C) 21,000 materials; 19,250 conversion.
• D) 19,250 materials; 18,750 conversion.
• E) 21,000 materials; 22,250 conversion.

Recognize the privacy concerns associated with technology use and data collection.

Understand the application and impact of biometric data and facial recognition technology in policing.

Identify ethical issues surrounding the use of information and technology in surveillance and data collection.

Differentiate between ethical and legal considerations in information technology.

---

Definitions:

Daily Profit

The financial gain or loss a business experiences on a daily basis, calculated as the difference between daily revenue and daily expenses.

Capacity

The maximum output that a company can produce under normal conditions.

Marginal Costs

The surge in all-encompassing cost following the production of an additional unit of a product or service.

Demand for Wine

The desire or need for wine that consumers are willing and able to purchase at various prices.