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

question 6

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:
-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 conversion costs for the first department for the month is closest to:

• A)£28.89
• B)£22.61
• C)£27.51
• D)£25.90

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Definitions:

Psychological Magnitude

A concept in psychology that refers to the perceived size, amount, or intensity of a psychological attribute.

Weber Fraction

A principle stating that the just noticeable difference between two stimuli is proportional to the magnitude of the stimuli, a fundamental concept in psychophysics.

Stimulus

Anything in the environment that can trigger a physical or behavioral change in an organism.

Nativism

The theory that certain skills or abilities are "native" or hard-wired into the brain at birth.