The Cost Per Equivalent Unit for Materials for the Month

question 11

Multiple Choice

The cost per equivalent unit for materials for the month in the first processing department is closest to:

• A)$23.14
• B)$18.91
• C)$21.42
• D)$22.06

---

Definitions:

Price Ceiling

a government-imposed limit on how high a price can be charged for a product, service, or commodity, typically to protect consumers from excessive costs.

Rationing Mechanism

A system used to distribute scarce goods or services among a population, often seen in economies facing shortages.

Price Floor

A regulatory measure that sets the lowest legal price a commodity can be sold at.

Tax

Compulsory financial charges or some other type of levy imposed on a taxpayer by a governmental organization in order to fund government spending and various public expenditures.