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Moving to another question will save this response tion 16 In a production cost report using process costing, transferred-in costs are similar to Conversion costs

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Moving to another question will save this response tion 16 In a production cost report using process costing, transferred-in costs are similar to Conversion costs included in beginning inventory Conversion costs added during the process Conversion costs transferred to the next process o Materials costs added at the end of the process. Materials costs added at the beginning of the process Moving to another question will save this response estion 17 In the computation of manufacturing cost per equivalent unit, the weighted-average method of process costing consi Current costs only Current costs plus cost of ending work-in-process inventory Current costs less cost of beginning work-in-process inventory Current costs less cost of ending work-in-process inventory Current costs plus cost of beginning work-in-process inventory Moving to another question will save this response. on 18 onuniform manufacturing inputs affect a the calculation of equivalent units, unit cost, and valuation of ending work in process. b only the valuation of ending work in process. c. only the manufacturing outputs. uestion 19 folonving entries is used to record the standard costs of direct materials assigmed to units worked on and totai diret ma erials varia Direct Materials Variances Direct Materials Control Work in Process (at standard costs) o work in process (at standard costs) Direct Materials Variances Direct Materials Control Direct Materials Variances Direct Materials Control Work in Process (at actual costs) o work in Process (at actual costs) Direct Materials Variances Direct Materials Control stion 20 Firms should use a process costing system when they produce products that Pass through a series of manufacturing departments. O Have a small batch size. Are semi-homogeneous o Pass through a series of inspection points. Moving to another question will save this response. ion 21 pecial cost -allocation problems arise when O practical capacity is used as the allocation base support department costs exceed budgetary estimates the same cost-allocation base is used among various support departments O support departments provide reciprocal services to each other and operating depart ion 25 hen using the direct allocation method, a cost accountant would allocate complete reciprocated costs O allocate support department costs to other support departments O not allocate support department costs to other support departments use information about reciprocal services provided among support departments and therefore could gene

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