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

question 26

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 equivalent units of conversion costs was

• A) 17,200
• B) 19,700
• C) 20,000
• D) 17,900

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Definitions:

Multidimensional Array

An array containing one or more arrays, allowing for the representation of data in a grid or matrix form.

One Index

Refers to data structures that start counting their elements at one instead of zero, common in certain programming languages or environments.

Subscript

A notation used to specify an element within an array or list.

Indexed Variable

A variable in a data structure, such as an array, where each element can be directly accessed using its index or key.