Ohio, Inc, Which Uses a Process-Cost Accounting System, Began Operations on on January

question 68

Multiple Choice

Ohio, Inc., which uses a process-cost accounting system, began operations on January 1 of the current year. The company incurs conversion cost evenly throughout manufacturing. If Ohio started work on 3,000 units during the period and these units were 70% of the way through manufacturing, it would be correct to say that the company has:

• A) 3,000 physical units in production.
• B) 2,100 completed units.
• C) 900 in-process units.
• D) 900 equivalent units of production.
• E) 3,000 equivalent units of production.

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Definitions:

Demand Characteristics

Cues in an experiment that suggest to participants what behavior is expected of them, potentially influencing the outcomes of the study.

External Locus

is a worldview that ascribes control over one's life events and outcomes to external factors and forces beyond one's personal control.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling unworthy or incapable in one's self-perception.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.