The Dodd Company Uses a Weighted Average Process Costing System

question 96

Multiple Choice

The Dodd Company uses a weighted average process costing system. The following information was reported for the Assembly process for July. Materials are added at the beginning of the process and are 100%.
$\begin{array}{|l|c|l|}\hline{\text { Units: }} & \text { Units } &{\begin{array}{c}\text { \% Complete for } \\\text { Conversions }\end{array}} \\\hline \text { Work in process, } 7 / 1 & 60,000 & 15 \% \\\hline \text { Started } & 105,000 & \\\hline \text { Work in process, } 7 / 31 & 40,000 & 20 \%\\\hline & & \\\hline \text { Costs: } & & \\\hline & \text { Materials } & \text { Conversion } \\\hline \text { Beginning work in process } & \$ 16,500 & \$ 33,250 \\\hline \text { Current costs } & \$ 643,500 & \$ 332,500\\\hline \end{array}$
-Refer to the figure.What is the cost per unit for conversion?

• A)$2.22
• B)$2.50
• C)$2.75
• D)$2.79

Implement calculated fields and totals to enhance data reporting.

Understand the impact of formatting properties on data display and report aesthetics.

Manage page setup options including margins, orientation, and page numbers for professional report output.

Understand how to format report controls and their applications.

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Definitions:

Ingratiation

A psychological technique where an individual attempts to become more likable and favorable to others through flattery or other means to gain their approval or advantage.

Facilitate

To make an action or process easier or more achievable.

Team's Decisions

Collective choices made by a group with the aim of achieving a common goal or resolving issues.

External Leader

A leader who is not part of the organization but influences and guides the team or project from outside the organization.