The Information Below Was Obtained from the Records of the First

question 125

Multiple Choice

The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system.
$\begin{array} { |l | r | r | } \hline & \text { Number of Units } & \begin{array} { r } \text { Labour and overhead } \\\text { percentage complete }\end{array} \\\hline \begin{array} { lrr } \text { Work in process inventory, } \\\text { July 1 }\end{array} & 20,000 & 40 \% \\\hline \text { Started during the month } & 70,000 & \\\hline \begin{array} { l } \text { Completed during the } \\\text { month }\end{array} & 80,000 & \\\hline \begin{array} { l } \text { Work in process inventory, } \\\text { July 31 }\end{array} & ? & 25 \% \\\hline\end{array}$ All materials are added at the beginning of the manufacturing process.



-What are the equivalent units of production for material for the month?

• A) 70,000 units.
• B) 90,000 units.
• C) 80,000 units.
• D) 82,500 units.

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Definitions:

Independent Variable

The variable that is manipulated or controlled by the researcher to test its effect on the dependent variable.

Compound Interest

Compound interest is the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Additional Interest

Interest that accumulates in addition to the regular interest due, often the result of late payments or changes in interest rates.

Down Payment

An initial upfront portion of the total amount due, often in the context of purchasing an expensive item like a house, which is not financed through a loan.