4. Select the single best answer for each of the following. a. Equivalent units
ID: 2509203 • Letter: 4
Question
4. Select the single best answer for each of the following.
a. Equivalent units measure the amount of manufacturing activity (i.e., for direct material or conversion) that:
has been completed in a previous time period.
will be completed in a future time period.
has been applied to a batch of physical units.
will be needed to complete a batch of physical units.
b. Why are equivalent units needed to properly allocate costs between completed production and production in process? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
Because the units of completed production are usually greater than the units of production in process.unchecked
Because the units of completed production are usually less than the units of production in process.unchecked
Because the direct material costs associated with a manufacturing activity are usually not equal to the associated conversion costs.unanswered
Because manufacturing activity (i.e., direct material or conversion) associated with a completed unit can be different than that associated with a unit in process.
Explanation / Answer
4. A
has been completed in a previous time period.
4.B
Because manufacturing activity (i.e., direct material or conversion) associated with a completed unit can be different than that associated with a unit in process.
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