Answer the Following Questions Using the Information Below

question 115

Multiple Choice

Answer the following questions using the information below:
Dustin Plastics, Inc., manufactures plastic moldings for car seats.Its costing system uses two cost categories, direct materials and conversion costs.Each product must pass through Department A and Department B.Direct materials are added at the beginning of production.Conversion costs are allocated evenly throughout production.Data for Department A for February 2018 are:
Costs for the Department A for February 2018 are:

-What were the equivalent units of direct materials and conversion costs, respectively, for February? Assume Dustin Plastics, Inc., uses the weighted-average process costing method.

• A)800; 730
• B)800; 800
• C)800; 700
• D)600; 500
• E)700; 630

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Definitions:

Franchisor

The party in a franchising agreement that owns the overarching company, trademarks, and products, granting the right to operate a franchise.

Trademark

A distinctive mark, word, design, picture, or arrangement that is used by a producer in conjunction with a product and tends to cause consumers to identify the product with the producer.

Personal Liability

The legal responsibility of an individual to cover debt or damages arising from their actions.

Partnership

A business entity legally formed by two or more individuals who collaborate in managing the enterprise and sharing its financial gains.