If the cost incurred for work in process inventory is $350000 and total equivalent units completed till date are 3500, then weighted average cost will be __________?

Related Mcqs:

1. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be ___________?

   A. 1800 units
   B. 2300 units
   C. 10300 units
   D. 1500 units

2. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are _____________?

   A. 1800 units
   B. 1500 units
   C. 1300 units
   D. 1500 units

3. If the beginning work in process inventory units are 2600, units started are 9000, ending work in process units are 2300 and the completed good units are 8000 then total spoilage will be ____________?

   A. 1200 units
   B. 990 units
   C. 1100 units
   D. 1000 units

4. The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

   A. Gross weighted spoilage
   B. inventoriable spoilage
   C. partial spoilage
   D. total spoilage

5. If the total incurred cost in a production process are $30000 and the number of output units are 5000 units, then the units cost will be __________?

   A. $16
   B. $60
   C. $6
   D. $26

6. Total cost related to work in process inventory is divided by total units of work done is used to calculate _____________?

   A. Gross weighted margin
   B. weighted average revenue
   C. weighted average cost
   D. weighted average conversion cost

7. The costing method, which calculates per equivalent unit cost of all the production related work done, till calculated date is termed as __________?

   A. weighted average method
   B. net present value method
   C. Gross production method
   D. net present value method

8. The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate ____________?

   A. normal spoilage rates
   B. abnormal spoilage rates
   C. normal scrap rates
   D. abnormal scrap rates

9. If after-tax operating income is $185000, weighted average cost of capital is 11%, total assets are $485000 and total liabilities are $367000, then economic value added would be __________?

   A. $142,020
   B. $172,020
   C. $162,020
   D. $152,020

10. If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?

    A. 4000 units
    B. 5000 units
    C. 8000 units
    D. 10000 units