Question 5 1 points Save Answer Which of the following is not correct? Equivalent units of production is an expression of the number of units that would have been started and finished if all of the effort were directed at that purpose. a. The equivalent units of production of ten units that are 20% complete is two full units. b. The weighted average method of computing equivalent units assumes that products are at the same point of completion for both materials and conversion costs. c. equivalent units of production are used to determine the cost per unit of all products, whether completed or not. d. Question 6 1 points Save Answer When using the weighted average method, equivalent units are the number of units produced in a period less the number of units in process at the end of the period. a. the number of units completed in a period plus the number of units in process at the end of the period multiplied by the percentage of which the b. units have been completed. the number of units in beginning inventory plus the number of units completed in a period. Oc. the number of units completed in a period. Od. Question 7 1 points Save Answer How are equivalent units calculated? Dividing equivalent units by the percentage of work done. a. Dividing physical units by the percentage of work done. b. Multiplying the percentage of work done by the equivalent units of output. C. Multiplying the percentage of work done by the physical units. Question 8 1 points Save Answer What are physical units? The pro-rata portion of units completed during the period. a. The total units completed and transferred out during the period. b. The actual units to be accounted for during a period. Oc. Units in process at the end of the period. O d. Question 9 1 points Save Answer What does the margin of safety measure? How far prices can be changed before the CVP analysis is no longer valid. a. How much sales can drop before the firm has an operating loss. b. How far fixed costs can drop before the firm has an operating loss. C. How far variable costs can rise before the firm has an operating loss. d