Fish Fillet Incorporated Obtains Fish and Then Processes Them into Frozen

question 83

Multiple Choice

Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department.Direct materials are added at the initiation of the cycle.Conversion costs are incurred evenly throughout the production cycle.Before inspection,some fillets are spoiled due to undetectable defects.Inspection occurs when units are 40% converted.Spoiled fillets generally constitute 6% of the good fillets.Data for April 2017 are as follows:

Costs for April:

What cost is allocated to abnormal spoilage using the weighted-average process-costing method? (Round any cost per unit calculations to the nearest cent. )

• A)$ 0
• B)$4610
• C)$2091
• D)$2106

---

Definitions:

Bond's Price

The market price at which a bond is currently trading. This price can fluctuate based on interest rates, the bond's credit rating, and other factors.

Future Cash Flows

Estimated future financial earnings or expenditures, often used in investment analysis to determine value or profitability.

Coupon Rate

The annual interest rate paid by a bond relative to its face value, representing the yield an investor is expected to earn if the bond is held to maturity.

Yield to Maturity

The total return anticipated on a bond if it is held until its maturity date, considering all interest payments and principal repayment.