Use the Information Below to Answer the Following Question(s)

question 153

Multiple Choice

Use the information below to answer the following question(s) .Father Time Clock Shop manufactures clocks on an automated assembly line.It utilizes two cost categories: direct materials and conversion costs.Each product must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of production, while conversion costs are allocated evenly throughout production, and the company uses weighted-average costing.Data for the Assembly Department are:

-What is the conversion cost per equivalent unit in June at Father Time Clock Shop?

• A)$1,254.32
• B)$1,430.99
• C)$987.65
• D)$1,282.83
• E)$1,320.17

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Definitions:

Individual Debts

Financial obligations or amounts of money that are owed by a single person, as opposed to those owed by a group or company.

Chapter 13

A section of the U.S. Bankruptcy Code that allows individuals with a regular income to reorganize their debts, creating a plan to repay all or part over a period of time.

Societal Cultures

The shared values, norms, behaviors, and artifacts that characterize different groups or societies.

Organizations

Organizations are collections of people working together to achieve a common purpose.