Bradford Electronics Uses the Weighted-Average Method in Its Process Costing

question 46

Multiple Choice

Bradford Electronics uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month is listed below:
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Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. The cost per equivalent unit for materials for the month in the first processing department is closest to:

• A)£16.66
• B)£15.31
• C)£17.53
• D)£19.09

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Definitions:

Area

A measure of the extent of a two-dimensional surface or shape, expressed in square units.

F-distribution

A probability distribution that arises in the testing of whether two population variances are equal.

Testing

The process of using statistical methods to determine if there is enough evidence to reject a given hypothesis about a data set.

Z-test

A statistical test used to determine whether there is a significant difference between the mean of a sample and the mean of a population, or between the means of two samples, assuming a normal distribution.