Question 18

Question 3 Option Blanks

Will changing the degree of completion affect the physical flow schedule? Will it affect the Equivalent flow schedule?

How many units will be equal to the EWIP? Will it increase or decrease the total output and by what number?

Physical Flow and Equivalent Units with EWIP Fleming, Fleming, and Garcia, a local CPA firm, provided the following data for individual returns processed for March (output is measured in number of returns): Required: 1. Prepare a physical flow schedule. If an amount is zero, enter " 0 ". 2. Prepare an equivalent units schedule. 3. What if EWIP is 80 percent complete? How would this change affect the physical flow schedule? The equivalent units schedule? Changing the degree of completion the physical flow schedule. However, the equivalent units schedule There would now be equivalent units for EWIP, ? the total output for the period to