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Assume the following information: Using the weighted-average method, the total cost of the ending work in process inventory with respect to materials is closest to: Multiple Choice $21,892. $20,892 Assume the following information: If the equivalent units of production for materials is 6,000 units using the weighted-average method, then what is the cost per equivalent unit for materials? Multiple Choice $49.50 $117.83 $66.67 $51.17 Which of the following statements is false with respect to job-order costing and process costing? Multiple Choice Both systems assign materials, labor, and manufacturing overhead costs to products. Both systems use the same basic manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. Both systems are used in situations where identical units of a single product are produced on a continuous basis. The flow of costs through the manufacturing accounts is basically the same in both systems. Assume a company's activity-based costing system includes three activities with the following activity rates: Two of the company's many products include Product A and Product B. These two products consumed the How much cost would be assigned from the Setups activity to Product B? Multiple Choice $24 $540 Assume a company's activity-based costing system includes three activities. The following information is available with respect to those activities: What is the activity rate for the Testing activity? Multiple Choice $1.31 per testing minute $13.10 per testing minute \$0.13 per testing minute