Macey Ltd Uses a Weighted-Average Process Costing System

question 42

Multiple Choice

Macey Ltd uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs. Assume actual spoilage was 500 units and ending work in process was 9,500 units. The equivalent units of conversion costs would be

• A) 17,130
• B) 17,150
• C) 17,050
• D) 17,200

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Apply binomial and Normal distribution concepts to practical examples.

Analyze situations requiring the adjustment of standard distributions to fit real-life data.

Understand the importance of sentence variety in creating engaging paragraphs.

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Definitions:

Oral

Pertaining to the mouth or spoken words; used in communication through speech rather than written form.

Immediate Feedback

Quick response to a message or action, allowing for rapid adjustment and improvement.

Oral Medium

A channel of communication that involves conveying messages or information through spoken words, in contrast to written or visual mediums.

Written Medium

A form of communication that involves the use of written language to convey messages or information.