Qtech Corporation Uses the FIFO Method in Its Process Costing

question 20

Multiple Choice

Qtech Corporation uses the FIFO 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.
-How many units were started AND completed during the month in the first processing department?

• A) 8,900
• B) 9,500
• C) 8,100
• D) 7,500

---

Definitions:

Regressive

Characteristic of a tax system where the tax rate decreases as the taxable amount increases, imposing a heavier burden on lower-income individuals.

Progressive

Referring to political and social movements seeking to promote change, reform, and innovation in governmental practices and policies.

Excise Taxes

Taxes imposed on specific goods or services, often fuel, tobacco, and alcohol, typically aimed at discouraging their consumption or raising revenue.

Economic Regulation

Government-imposed restrictions on the economic activities of private firms, including price controls, market entries, and standards for service quality.