Use the Information Below to Answer the Following Questions

question 130

Multiple Choice

Use the information below to answer the following questions:
Hannish Orchards, a juice manufacturer, uses a process that adds flavouring at the beginning of the process and vitamins and minerals 70% of the way through the process. Conversion costs are evenly distributed. Assume there are no beginning inventories. The company started making 10,000 gallons of the drink, and the 2,000 gallons left in ending WIP were 40% of the way through the process.
Costs incurred during the period were:

-The number of equivalent units for conversion costs at Hannish Orchards is

• A) 2,000.
• B) 10,800.
• C) 10,000.
• D) 8,800.

Determine the budgeted and actual cost given a cost formula and activity data.

Identify financial performance indicators from variances in budget reports.

Evaluate the efficiency of resource utilization in various operational contexts.

Understand the relationship between the cost formula, budgeted activity, and actual activity.

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Definitions:

Echinoderms

A phylum of marine animals known for their radial symmetry and include starfish, sea urchins, and sea cucumbers.

Water-Vascular System

A unique hydraulic system used by echinoderms (such as starfish and sea urchins) for locomotion, feeding, and gas exchange.

Echinoderms

A phylum of marine animals known for their radial symmetry and include species such as starfish, sea urchins, and sea cucumbers.

Hermaphrodite

Animal that has both male and female gonads, either simultaneously or at different times in its life cycle.