Ending WIP Inventory Has 100 Units That Are 70% Complete

question 62

Multiple Choice

Ending WIP Inventory has 100 units that are 70% complete for direct materials and 20% complete for conversion costs. For calculating costs per equivalent unit, which of the following statements is true?

• A)The denominator would include 100 units for both.
• B)The denominator would include 70 units for direct materials and 20 for conversion.
• C)The denominator would include 20 units for direct materials and 80 for conversion.
• D)You cannot determine what constitutes the denominator.

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Definitions:

McDonaldization

A term used to describe the spread of bureaucratization and the adoption of fast-food restaurants' principles, such as efficiency, calculability, predictability, and control through non-human technologies, to all spheres of society.

Chilly Climate

A term often used in sociology and gender studies to describe an environment that is unwelcoming and unsupportive of certain groups, especially women and minorities.

Academic Harassment

Unwanted, offensive behavior that occurs within academic settings, which can include intimidation, discrimination, and unwelcome attention or remarks.

Dismissive

An attitude or behavior characterized by showing little regard or consideration for someone or something's value or importance.