In Most Process Costing Systems,per-Unit Costs Are Determined By

question 4

Multiple Choice

In most process costing systems,per-unit costs are determined by:

• A)Dividing the number of units completed during the period by the total manufacturing costs incurred during the period.
• B)Dividing the total manufacturing costs incurred during the period by the number of units worked on during the period.
• C)Dividing the total manufacturing costs incurred during the period by the equivalent number of units completed during the period.
• D)Unit costs cannot be determined in a process costing system.

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Definitions:

Solutes

Substances dissolved in a solvent, forming a solution; solutes can be solid, liquid, or gas.

Kidney

A pair of organs in vertebrates that filter blood to remove waste products and excess substances, producing urine.

Blood

A vital liquid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports metabolic waste products away.

Urine

A liquid by-product of metabolism in humans and many animals, expelled from the kidneys and stored in the bladder until elimination.