Macey Company Uses a Weighted-Average Process Costing System

question 64

Multiple Choice

Macey Company uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs.
The number of equivalent units of material was:

• A) 20,000
• B) 18,000
• C) 18,200
• D) 11,000

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Definitions:

Halo Effect

A cognitive bias where an observer's overall impression of a person, company, brand, or product influences their feelings and thoughts about that entity's character or properties.

Employment Interviews

Formal conversations between a job applicant and an employer to assess the applicant’s suitability for a position.

Work Samples

Examples of previous work used to demonstrate an individual's skills, quality of work, and experience to potential employers.

Halo Effect

The tendency to let an overall impression of a person, brand, or product positively influence one's thoughts and feelings about their specific traits.