If a company uses two different unit cost figures to cost transfers from one department to another under a process costing system, then which of the following statements is reasonable to assume? a) There was no beginning work-in-process inventory b) Processing centres are arranged in a sequential pattern c) The FIFO cost method is being used d) The weighted-average cost method is being usedFor which of the following industries would it NOT be appropriate to use process costing? a) Custom furniture building. b ) Oil refining c) Grain milling. d) Newsprint production.Which of the following statements regarding variable cost is true? a) Variable cost increases on a per unit basis as the number of units produced increases b) Variable cost remains constant on a per unit basis as the number of units produced increases c) Variable cost remains the same in total as production increases d) Variable cost decreases on a per unit basis as the number of units produced increasesFisher Company uses the FIFO method in its process costing system. Operating data for the Smelting Department for the month of September appear below: Percentage Units complete Beginning work in process inventory 19,000 80% Transferred in from the prior department during September 74,000 Ending work in process inventory 17,000 90% According to the company's records, the conversion cost in beginning work-in-process inventory was $83,600 at the beginning of September. Additional conversion costs of $427,682 were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for September on the Smelting Department's production report? (Round off to three decimal places.) a) $5.498. b) $5.779. c) $5.620. d) $5.500The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $400 and $200 for direct materials and charges of $300 and $500 for direct labour. From this information, what predetermined overhead rate, as a percentage of direct labour costs, does the company appear to be using? a) 80% b) 125% C ) 240% 300%Margo Company uses a predetermined overhead rate based on machine hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for next year: Direct materials $10,000 Direct labour $30,000 Sales commissions $40,000 Salary of production supervisor $20,000 Indirect materials $4.000 Advertising expense $8,000 Rent on factory equipment $10,000 Margo Company estimates that 5,000 direct labour hours and 10,000 machine hours will be worked during the year. What will be the predetermined overhead rate per hour? a) $6.80 b) $6.40 $3.40 d) $8.20Winkle Company uses the FIFO method in its process costing system. At the beginning of March, the work-in-process inventory in the Blending Processing Center consisted of 5,000 units, 90% complete with respect to conversion costs. At the end of the month, the work-in- process inventory consisted of 2,000 units that were 60% complete with respect to conversion costs. If 10,000 units were transferred to the next processing center during the month, what would be the equivalent units of production for conversion costs? a) 6,700 units. b) 11,700 units. c) 10,300 units. d) 13,000 units.How would the wages of factory maintenance personnel usually be classified? Indirect Labour Manufacturing Overhead No Yes b) Yes No C) Yes Yes No NoFor internal uses, managers are more concerned with receiving information that achieves which of the following standards? a) Completely objective and verifiable b) Completely accurate and precise c) Relevant, flexible, and timely d) Relevant, completely accurate, and precise