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

question 81

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 cost of ending work in process was

• A) $31,995
• B) $30,600
• C) $31,334
• D) $31,547

Understand the role of comparative genomics in revealing evolutionary relationships among organisms.

Understand the impact of bullying on the brain and its effects on mental health.

Recognize the gender differences in the diagnosis of ADHD and other psychiatric disorders.

Identify the prevalence and characteristics of mood, anxiety, and behavioral disorders among children and adolescents.

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Definitions:

True Beta

A measure of a stock's volatility in relation to the market, adjusted for its unique characteristics and the market environment.

Mutual-fund Theorem

A principle in finance that suggests diversifying investments across a broad range of assets to reduce risk without sacrificing return, associated with the modern portfolio theory.

Passive Investment Strategy

Investing in a diversified portfolio or market index without attempting to search out mispriced securities.

Active Strategies

Investment tactics that involve ongoing buying and selling actions by the manager or investor in an attempt to outperform the market or a specific benchmark.