Question: When computing the cost per equivalent unit under the weighted-average method of process costing, the cost per equivalent unit for direct material is computed by

When computing the cost per equivalent unit under the weighted-average method of process costing, the cost per equivalent unit for direct material is computed by which of the following?

Multiple Choice

Dividing the total direct-material cost by the total equivalent units

Dividing the total equivalent units by the total direct-material cost

Taking total direct-material cost multiplied by the total equivalent units

Adding direct-material cost plus total equivalent units and then dividing by 2

None of these answers is correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Hi, I need help with number 23 and 24. Could you give your calculation of equivalent units, and make sure the answers match one of the letters given? Thank you!! Page 7 THE FOLLOWING INFORMATION...

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Hi, this is a practice test for my cost accounting class. If you could help me with the last two problems, it would be greatly appreciated! Page 7 THE FOLLOWING INFORMATION APPLIES TO THE QUESTIONS...

Q:

Craft Concept manufactures small tables in its Processing Department Direct materials are a added at the initiation of the production cycle and must be bundled in single kits for each unit Conversion...

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Outose Concept manufactures small tables in its Processing Department. Direct materials are added at the initiation of the production cycle and must be bundled in single kits for each unit....

Q:

Fish Fillet Incorporated obtains fish and then processes them into frozen fillets and then prepares the frozen fish fillets for distribution to its retail sales department. Direct materials are added...

Q:

The file Accounting Partners contains the number of partners in a cohort of rising accounting firms with fewer than 225 employees that have been tagged as "firms to watch." The firms have the...

Q:

Compare and contrast data definition (DDL), data manipulation (DML) and data control language (DCL) in SQL. What is the main purpose of each SQL component and at what stage of DBLC are they used?

Q:

From the list below, identify which organization is responsible for ( i ) establishing accounting standards for countries other than the U . S . , ( ii ) establishing accounting standards for the U ....

Q:

Define corporate social responsibility. Outline the characteristics of the narrow view of corporate social responsibility, and discuss the "invisible hand" justification of the narrow approach, using...

Q:

=+Is it a site that explores new technology?

Q:

=+Where can you initiate a dialogue (when appropriate)?

Q:

=+ Does this site have scientific, medical, or legal advice?