Wanda Window Panes Inc

question 9

Multiple Choice

Wanda Window Panes Inc. uses a process-costing system for its single product, which is manufactured from Material X. Material X is introduced to the production at the beginning of the manufacturing process whereas conversion activities occur uniformly throughout the process. The company started and completed 40,000 units during the period, and had an ending work-in-process inventory amounting to 8,000 units, 20% complete with respect to conversion activity. Which of the following choices correctly expresses the total equivalent units of production for Material X and conversion activities respectively?

• A)46,000, 41,600
• B)46,000, 46,000
• C)48,000, 40,000
• D)48,000, 41,600
• E)48,000, 46,000

---

Definitions:

Prediction Interval Estimate

An estimate of an interval in which future observations will fall, with a certain probability, given what has already been observed.

Confidence Interval Estimate

A range of values defined so that there is a specified probability that the value of a parameter lies within it.

Coefficient Of Determination

A statistical measure that assesses the proportion of variance in the dependent variable predictable from the independent variable(s).

Coefficient Of Correlation

A numerical measure that quantifies the strength and direction of a linear relationship between two variables.