Jublot Corporation Uses the Weighted-Average Method in Its Process Costing

question 90

Multiple Choice

Jublot Corporation uses the weighted-average method in its process costing system.Data concerning the first processing department for the most recent month are 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 materials for the month in the first processing department is closest to:

• A)$16.31
• B)$17.89
• C)$14.48
• D)$15.88

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Definitions:

Weekly Wage Rate

The amount of money that an individual earns in one week for their labor.

Labor Supply Curve

A graphical representation showing the relationship between the quantity of labor that workers are willing to supply and the wage rate.

Marginal Cost

The increase or decrease in the total cost that arises from producing one additional unit of a good or service.

Weekly Wage Rate

The amount of compensation a worker receives on a weekly basis for their labor or services.