Sparky Corporation Uses the Weighted-Average Method of Process Costing

question 147

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 equivalent units of conversion.

• A)165,000
• B)130,250
• C)140,000
• D)144,000
• E)110,000

Understand the concept and importance of brand equity.

Identify the factors that contribute to the financial value of a brand.

Recognize the implications of brand equity on a firm’s performance and strategic positioning.

Comprehend the process of building customer-based brand equity and the marketer's role in it.

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Definitions:

Hierarchically

In a way that is arranged in order of rank, importance, or authority, often forming a hierarchy.

Chronologically

Relating to the arrangement of events or dates in the order of their occurrence.

Chunks

Memory units that consist of several components grouped together into a single unit, making it easier to remember and process information.

Sequentially

Occurring or following in a logical order or sequence.