Albert Manufacturing Uses the Weighted Average Method of Computing Equivalent

question 30

Multiple Choice

Albert Manufacturing uses the weighted average method of computing equivalent units of production. In beginning work in process, there were 9000 units 30% complete as to conversion. In ending work in process, there were 5000 units 60% complete. 13 000 units were completed during the year. Determine the equivalent units of production.

• A) 16 000
• B) 18 000
• C) 22 300
• D) 16 300

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Definitions:

Malthusian Theory

A principle suggesting that population growth will outpace agricultural production, leading to widespread poverty and famine.

Law of Diminishing Returns

An economic principle stating that adding more of one factor of production, while holding others constant, will at some point yield lower per-unit returns.

Age of Mass Consumption

A stage of economic development where a significant portion of the population engages in the widespread consumption of goods and services, often seen as indicative of a higher standard of living.

Permanent Underclass

A group within society that holds the absolute lowest rank in the social class structure, situated beneath the main portion of the working class.