At Davide Corporation,direct Materials Are Added at the Beginning of the Process

question 144

Multiple Choice

At Davide Corporation,direct materials are added at the beginning of the process and conversions costs are uniformly applied.Other details include: $\begin{array}{|l|r|}\hline \text { WIP beginning ( } 60 \% \text { for conversion) } & 17,500 \text { units } \\\hline \text { Units started } & 114,500 \text { units } \\\hline \text { Units completed and transferred out } & 111,700 \text { units } \\\hline \text { WIP ending ( } 30 \% \text { for conversion) } & 20,300 \text { units } \\\hline \text { Beginning WIP direct materials } & \$ 22,300 \\\hline \text { Beginning WIP conversion costs } & \$ 19,700 \\\hline \text { Costs of materials added } & \$ 370,000 \\\hline \text { Costs of conversion added } & \$ 280,000 \\\hline\end{array}$

-What is the total cost of units remaining in ending WIP?

• A)$ 60,331
• B)$ 71,378
• C)$ 75,826
• D)$111,981

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Definitions:

Degrees of Freedom

The number of independent values or quantities that can vary in the analysis of statistical data, often important in determining the significance of a test statistic.

Mean Square

A measure used in ANOVA that represents the average of the squared differences between group means and the overall mean.

Coefficient of Determination

A statistical measure, often denoted as R^2, that represents the proportion of the variance for a dependent variable that's predictable from the independent variable(s).

Overall Mean

The average value obtained by adding all data points together and dividing by the number of data points.