Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion costs. For purposes of calculating costs per equivalent unit for materials and conversion costs O a. the denominator would include 20 units for material and 70 units for conversion costs Efficiency and productivity will be unchanged O b. the denominator would include 80 units for material and 30 units for conversion costs O c. the numerator would include 80 units for material and 30 ulits for conversion costs O d. the denominator would include 100 units for material and 100 units for conversion costs

Assume an ending work in process of inventory of 100 units, 80% complete regarding materials and 30% complete regarding conversion costs. For purposes of calculating costs per equivalent unit for materials and conversion costs O a. the denominator would include 20 units for material and 70 units for conversion costs Efficiency and productivity will be unchanged O b. the denominator would include 80 units for material and 30 units for conversion costs O c. the numerator would include 80 units for material and 30 ulits for conversion costs O d. the denominator would include 100 units for material and 100 units for conversion costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 16MC: Under variable costing, a unit of product includes which costs? direct material, direct labor, and...

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Similar questions

In the variable costing income statement, how are the fixed manufacturing costs reported, and how are the fixed selling and administrative expenses reported?
For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
Under absorption costing, a unit of product includes which costs? A. direct material, direct labor, and manufacturing overhead B. direct material, direct labor, and variable manufacturing overhead C. direct material, direct labor, and fixed manufacturing overhead D. direct material, direct labor, and all variable manufacturing overhead
Under variable costing, a unit of product includes which costs? direct material, direct labor, and manufacturing overhead Direct material, direct labor, and variable manufacturing overhead Direct material, direct labor, and fixed manufacturing overhead D. Direct material, direct labor, and all variable manufacturing overhead
How does absorption costing differ from variable costing? When will absorption-costing operating income exceed variable-costing operating income?
In the variable costing income statement, how are the fixed manufacturing costs reported, and how are the fixed selling and administrative expenses reported?
Which is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overhead
Using this information from Planters. Inc., what is the cost per unit under both variable and absorption costing?
Which is not a step In activity-based costing? A. identify the activities performed by the organization B. identify the cost driver(s) associated with each activity C. compute a cost rate per production D. assign costs to products by multiplying the cost driver rate by the volume of the cost driver units consumed by the product
How is the primary focus of activity-based costing different from that of traditional allocation?
Why are labor and manufacturing overhead grouped together as conversion costs?
Which of the following graphs illustrates how total fixed costs be have with changes in total units produced