Question
6.) Regarding process costing, what type of process cost will always give the highest-cost-per-unit? a.)FIFO b.)LIFO c.)Weighted Average d.)Not enough information 7.)Regarding process-costing, what process
6.) Regarding process costing, what type of process cost will always give the highest-cost-per-unit?
a.)FIFO
b.)LIFO
c.)Weighted Average
d.)Not enough information
7.)Regarding process-costing, what process cost will always have the highest equivalent units?
a.)Not enough information
b.)VMOH(variable manufacturing overhead) in weighted average from the first dept. in process costing
c.)Direct labor in weighted average from the first dept. in process costing
d.)Direct materials in weighted average from the first dept.
8.)Goal of the department is
a.)Cease/stop all spoilage/shrinkage
b.)Cease/stop abnormal spoilage and control normal spoilage
c.)ignore spoilage
d.)cease/stop all normal spoilage but control abnormal spoilage
9.)What would not be a column on the cost of production report?
a.)direct labor
b.)VMOH
c.)variable selling expenses
d.)direct materials
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