The Following Amounts Were Selected from the Production Report of Doggie

question 62

Multiple Choice

The following amounts were selected from the production report of Doggie Donuts Corporation: Doggie Donuts uses the weighted average method in preparing its production reports.What must Doggie Donuts' total production cost to be accounted for have been?
$\begin{array}{lr}\text { Actual units in production } & 55,000 \\\text { Equival ent units (materials) } & 55,000 \\\text { Equival ent units (conversion) } & 45,000 \\\text { Cost per equivalent unit (materials) } & \$ 1.50 \\\text { Cost per equivalent unit (conversion) } & \$ 1.10\end{array}$

• A)$49,500
• B)$82,500
• C)$132,000
• D)$150,000

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Definitions:

Limited Partners

Individuals or entities that invest in a partnership without taking part in its management and are only liable up to the amount of their investment.

Dissociated Limited Partner

A person who has ceased to be involved in a limited partnership either through withdrawal, expulsion, or another mechanism outlined in the partnership agreement.

Management Powers

Refers to the authority given to managers or directors of a corporation or organization to make significant decisions in the day-to-day operations.

Limited Liability

A legal principle that shields an investor's personal assets from the debts and liabilities of the company, limiting loss to the amount invested.