题目内容

Which one of the following statements correctly defines the term 'equivalent units'?

All units of output which are identical to others manufactured in the same process
B. The number of units of completed output whose actual costs are equivalent to budgeted costs
C. The number of whole completed units represented by incomplete work
D. The budgeted or expected number of units for a specific accounting period

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Purple Co has one finishing process. At the start of May 20X7 there was no work in progress. During May 20X7 600 units costing $14,250 were input into the process. Losses were 5% of input and there was no closing work in progress. What was the cost per unit? (to the nearest $)

A. $25
B. $24
C. $26
D. $23

X Furniture (XF) manufactures items of furniture to specific customer orders.XF calculates the price to charge a customer for a particular job by taking the total of the job's prime cost plus overheads, and then adding 40%.The customer for job number XF772 paid $1,400. The job incurred overheads of $120. What was the prime cost of job XF772?

A. $1,280
B. $1,120
C. $880
D. $1,000

Two statements relevant to job costing and batch costing are shown below. Is each statement true or false?

A. Statement 1 is true, Statement 2 is false
Both statements are true
C. Statement 1 is false, Statement 2 is true
D. Both statements are false

Which costing method is appropriate when it is not possible to identify separate units of production?

A. Job
Batch
C. Process
D. Marginal