In the Weighted-Average Costing Method, the Costs of Direct Materials

question 38

True/False

In the weighted-average costing method, the costs of direct materials in beginning inventory are not included in the cost per unit calculation since direct materials are almost always added at the start of the production process.

---

Definitions:

Customer Satisfaction

Refers to the degree to which a company's products or services meet or exceed customer expectations.

Rework Costs

Costs incurred to correct defective product or service before it is delivered to the customer.

Shopfloor Personnel Qualification

The level of training and skills that employees working directly in production or the manufacturing area possess.

Non-financial Measures

Performance indicators that are not monetary in nature, such as customer satisfaction, employee turnover, or quality of service.