Use This Information About the Assembly Department to Answer the Questions

question 115

Multiple Choice

Use this information about the Assembly Department to answer the questions that follow.
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The debits to Work in Process-Assembly Department for April, together with data concerning production, are as follows:
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All direct materials are placed in process at the beginning of the process, and the average cost method is used to cost inventories.
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-The number of equivalent units of production for the period for conversion if the average cost method is used to cost inventories was

• A) 15,650
• B) 14,850
• C) 18,000
• D) 17,250

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Definitions:

Disequilibrium

A situation in a market where supply does not equal demand, leading to a temporary imbalance and potential for price changes.

Incentive

A factor, either monetary or non-monetary, that motivates individuals or entities to perform an action or engage in a certain behavior.

Long Run

A period of time in economics sufficient for all markets to adjust to changes, including those of supply and demand.

Economic Profits

The total revenue of a business minus its explicit and implicit costs; a measure of incremental gain over the total costs, including opportunity costs.