The Cost Per Good Unit in the Weighted-Average Method Is

question 33

Multiple Choice

The cost per good unit in the weighted-average method is equal to the ________.

• A) total cost of direct materials and conversion costs per equivalent unit, plus a share of normal spoilage
• B) sum of the costs per equivalent unit of direct materials and conversion costs
• C) total costs divided by total equivalent units
• D) total costs transferred out divided by total abnormal spoilage

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Definitions:

Price-quantity Schedules

Charts or tables that show the relationship between the prices of goods and services and the quantities supplied or demanded at those prices.

Demand

A schedule or curve that shows the various amounts of a product that consumers are willing and able to purchase at each of a series of possible prices during a specified period of time.

Consumer Income

The total earnings of a consumer, influencing their purchasing power and ability to buy goods and services.

MU/P

This term represents Marginal Utility per unit of Price, used in economics to calculate the additional satisfaction or utility gained from consuming one more unit of a good relative to its cost.