Miramar Ltd Uses a Weighted-Average Process Costing System Which Recognises

question 72

Multiple Choice

Miramar Ltd uses a weighted-average process costing system which recognises normal spoilage as 5% of good output. During the current period, 14,000 units were started and 10,000 units completed. Materials are added at the beginning of the process, conversion costs occur uniformly, and the inspection point is at the 70% point. Beginning work in process was 6,000 units, 40% complete, and ending work in process 9,000 units, 80% complete. The cost per equivalent unit for material was $1.00 and for conversion costs $3.00. The number of units in abnormal spoilage was

• A) 500
• B) 50
• C) -0-
• D) 550

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Definitions:

Nonsense Syllables

Sequences of letters that do not form known words, used in memory and learning experiments to study the processes of encoding and recall.

Hermann Ebbinghaus

A German psychologist who is best known for his research on memory and the forgetting curve.

Sensory Storage

The shortest-term element of memory, which allows the retention of impressions of sensory information after the original stimuli have ended.

Constructive Processing

The way in which our memory reconstructs past events, often influenced by current knowledge, feelings, and thoughts.