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Anuta_ua [19.1K]
3 years ago
14

Inacio Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departme

nt for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 2,700 Materials costs $14,800 Conversion costs $6,900 Percent complete with respect to materials 75 % Percent complete with respect to conversion 20 % Units started into production during the month 11,400 Units transferred to the next department during the month 10,300 Materials costs added during the month $173,900 Conversion costs added during the month $243,900 Ending work in process inventory: Units in ending work in process inventory 3,800 Percent complete with respect to materials 90 % Percent complete with respect to conversion 30 % The cost per equivalent unit for materials for the month in the first processing department is closest to:________.a. $13.17.b. $14.11.c. $12.86.d. $15.12.
Business
1 answer:
lakkis [162]3 years ago
3 0

Answer:

Option D , $15.12

Explanation:

Weighted-average method :

Materials

Units transferred to the next department = 10,300

Ending work in process:

Materials: 1,200 units × 90%  = 1080

Equivalent units of production  =10,300+1080= 11,380

Materials

Cost of beginning work in process inventory= $2,700

Costs added during the period  = $173,900

Total cost (a)  =$173,900+$2,700 = $176,600

Equivalent units of production (b)= 11,380

Cost per equivalent unit (a) ÷ (b) = $15.51

The cost per equivalent unit for materials for the month in the first processing department is closest to $15.51

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Answer:

The correct answers are the following:

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Explanation:

a) <em>Sunk costs</em> are those that have already occurred in the past and they can not be recovered again so therefore that they are not relevant at the time of taking decisions regarding the futue.

b) <em>Opportunity costs</em> are those that try to measure and show the sacrifice done at the time of making a decision when that sacrifice represents the best second option that the person could have done.

c) <em>Fixed costs</em> are those that are always the same amount and do not change with the activity level of the production of the company.

d) <em>Variable costs</em> are those that do change with the amount of activity level that the company has during the production process.

e)<em> Incremental costs</em> are those that increase the cost level of the production while the output level increases as well, so they are a concept on the margin.

f) <em>Recurring costs</em> are those that tend to repete continously in the production process so the company already know how much the amount of the cost is.

g) <em>Direct costs</em> are those that the company associates with the production process regarding the commodities and all the primary sources that are needed to produce the good and therefore that they impact directly in the production and in the cost of the final product.

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When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,
Romashka-Z-Leto [24]

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3 years ago
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