Figure 6-18 the Round Table Company Makes Carpenter's Squares and Uses

question 49

Multiple Choice

Figure 6-18 The Round Table Company makes carpenter's squares and uses a process costing system. There is no spoilage. Manufacturing goes through three departments: Forming, Finishing, and Packing. Unit data for these departments are given below:
The Finishing Department adds materials at the point where processing is 50 percent complete.
Refer to Figure 6-18. The equivalent units for materials in the Finishing Department is

• A) 4,000 2,000
• B) 4,800 3,200
• C) 6,000 3,000
• D) 8,000 8,000
• E) none of the above

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Definitions:

Nondelegable Duty

An obligation or duty that cannot be transferred to another party and must be performed by the individual or entity originally charged with it.

Duty Of Care

The legal obligation to avoid actions or omissions that could foreseeably harm others.

Principal

The primary party to a transaction, such as a contract or financial instrument, who has the rights and responsibilities directly related to it.

Agent

An individual authorized to act on behalf of another person or entity, often in a business setting.