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Gnesinka [82]
3 years ago
7

Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the produ

ction process. The equivalent units for materials at Malcolm would be the sum of:__________.1. units in ending work in process and the units started 2. units in beginning work in process and the units started. 3. units in ending work in process and the units started and completed. 4. units in beginning work in process and the units started and completed.
Business
1 answer:
BARSIC [14]3 years ago
7 0

Malcolm Company uses a weighted-average process costing system. All materials at Malcolm are added at the beginning of the production process. The equivalent units for materials at Malcolm would be the sum of Units in beginning work in process and units started.

Answer: Option (2) is correct

<u>Explanation:</u>

The weighted average process costing system is used in case of those processes of production which are standardized.

The beginning cost of work in the process is added to the cost during the period and then it is divided by total equivalent units to arrive at the average cost per unit. Now the equivalent units for material at Malcolm would be units in the beginning work in process and the units started.

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A manufacturer of a variety of technological devices asked its marketing department to develop inexpensive methods of building a
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A review of the accounting records of Baird Manufacturing indicated that the company incurred the following payroll costs during
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a. $363,000

b. $827,200

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=  Salary of the company president + Salary of the chief financial officer + Salary of the vice president of marketing +  Salaries of administrative secretaries + Commissions paid to sales staff

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