Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
1 (1 point) Calculate the per unit making cost from the following: Total number fully completed units 1200 and total cost is $7300. Question 1
1 (1 point) Calculate the per unit making cost from the following: Total number fully completed units 1200 and total cost is $7300. Question 1 options: $60.83 $.16 $6.08 Question 2 (1 point) Type companies that use process costing method. Question 2 options: Movie production companies Customized home builders Pharmaceutical companies Question 3 (1 point) System of tracking product costs used by companies that produce similar or identical units of product in batches employing a consistent process. Question 3 options: Process costing Manufacturing cost Job costing Question 4 (1 point) If 44 identical Snowboards are 70% completed and 22 are 100% completed, what is the number of equivalent units? Question 4 options: 22 52.8 30.8 Question 5 (1 point) Costing uses a departmental production cost report to track product costs. Question 5 options: Process Job Both Question 6 (1 point) Managers need to know the cost of each manufacturing process to make each one as _______ as possible. Question 6 options: Attractive Cost-efficient Customized Question 7 (1 point) Calculate the gross profit from the following: Direct material cost $20, Direct labour cost $5, overhead cost $1.5 and selling price $32. Question 7 options: $26 $26.5 $5.5 Question 8 (1 point) Calculate the Cost of Goods Sold from the following: Per unit cost $7.5, Opening stock 780 nos, Closing stock 375 nos, Purchase in 680 nos. Question 8 options: $8137.5
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started