Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 146

Multiple Choice

Sparky Corporation uses the weighted-average method of process costing.The following information is available for February in its Molding Department: Units:
Beginning Inventory: 25,000 units,100% complete as to materials and 55% complete as to conversion.
Units started and completed: 110,000.
Units completed and transferred out: 135,000.
Ending Inventory: 30,000 units,100% complete as to materials and 30% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $43,000.
Costs in beginning Work in Process - Conversion: $48,850.
Costs incurred in February - Direct Materials: $287,000.
Costs incurred in February - Conversion: $599,150.
-Calculate the cost per equivalent unit of materials.

• A)$2.00
• B)$2.05
• C)$1.74
• D)$2.36
• E)$2.61

Understanding how customer segmentation affects CRM strategy.

Recognizing the importance of order cycle variability and safety stock in inventory management.

Grasping the broad concept of customer service in logistics and marketing.

Understanding the application and impact of Activity-Based Costing (ABC) in customer service management.

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Definitions:

Financial Exploitation

The illegal or improper use of an individual’s funds, property, or assets, often targeting the elderly or those unable to manage their own finances.

Cognitive Impairment

A decline in mental functions such as memory, attention, and decision-making, which may affect an individual's day-to-day activities.

Financially Exploited

Refers to being taken advantage of in a financial aspect, often through manipulation or deceit.

Cortical Thickness

A measure of the thickness of the cortex, the outer layer of the brain, which is related to cognitive functioning.