7.In Step 1, Determining the Units to be Assigned Costs, how is the “units to ac

Question

7.In Step 1, Determining the Units to be Assigned Costs, how is the “units to account for” computed?

8.In Step 1, Determining the Units to be Assigned Costs, how is “total units to be assigned costs” computed?

9.What is the relationship between units to account for and total units to be assigned costs? They be ___________.

10.An important definition in Chapter 20 is equivalent units. In measuring the productivity of a department, we have to figure out how many units the department produced. If the department produced 1,000 units of product that were 100% done, then we would say they produced 1,000 equivalent units. But how should we evaluate the productivity if they worked on 1,000 units, but the units were only 75% complete? As you might guess, 1,000 units that are 75% complete translates to .75*1,000 or 750 equivalent units. Fill in the following table by calculating the equivalent units in items a, b, and c.

Whole Units

Percent Complete

How many Equivalent Units?

75%

100%

30%

Whole Units

Percent Complete

How many Equivalent Units?

     3,000

75%

       62000

100%

       7,000

30%

Explanation / Answer

Answer:10

Whole Units Percent Complete How many Equivalent Units?      3,000 75% 2250        62000 100% 62000        7,000 30% 2100

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