Why do we compute equivalent units differently for raw

Assignment Help Accounting Basics

Reference no: EM13603598

1. Performance reports often compare current period performance with

A- Performance in a prior period.

B- Planned (budgeted) performance.

C- Both A and B are correct.

D- Neither A nor B is correct.

2. Which of the following is not likely to be a fixed cost?

A- Direct materials

B- Rent

C- Depreciation

D- Salary of the human resources director

3. Which of the following is a manufacturing cost?

A- Direct material

B- Advertising expense

C- Depreciation of the office equipment used by the sales staff

D- Salary of the company president

4. A form used to accumulate the cost of producing an item is called a(n)

A- job-cost sheet

B- material requisition

C balance sheet

D- invoice

5. Why do we compute equivalent units differently for raw materials and conversion costs?

A- Raw materials are more difficult to count

B- Conversion costs are more difficult to count

C- They are introduced into the process at different times

D- None of the above

Reference no: EM13603598

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