1)Assume that direct materials are added at the start of the process.If there was no beginning work-in-process...
Question:
1)Assume that direct materials are added at the start of the process.If there was no beginning work-in-process inventory and no ending work-in-process inventory, under theweighted-average
process costing method, the number of equivalent units for direct materials would be
Group of answer choices:
only equal to the units started.
only equal to the units completed.
less than the units completed.
none of the answers.
equal to both the units started and the units completed.
2) Products G and H are joint products developed from the same process with each being processed further. Joint costs are incurred until splitoff, the separable costs are incurred in further refining each product. Sales value at splitoff method is used to allocate joint costs. If the sales value of G at splitoffdecreases
and all other costs and selling prices remain unchanged, then
Group of answer choices:
G's gross margin decreases; H's gross margin decreases
G's gross margin decreases; H's gross margin increases
G's gross margin increases; H's gross margin decreases
G's gross margin increases; H's gross margin increases