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When doing incremental analysis (Points 2)

Resolved Question:

When doing incremental analysis:

(Points : 2)
process costing unit costs always should be considered to be incremental
process costing unit costs should never be considered to be incremental
process costing unit costs are not useful without further analysis
process costing unit costs are always completely fixed.

2. In the cutting department, all the materials are added at the beginning of the process and conversion costs are added evenly during the processing. During the first month of operations, the cutting department transferred 50,000 units to the sewing department. Ending inventory consisted of 2,800 units which were 35% complete with respect to conversion costs. What are the equivalent units for materials and for conversion costs, respectively? (Points : 2)
50,000 and 50,980
52,800 and 50,980
52,800 and 52,800
50,000 and 52,800

3. Which of the following describes the differences between job-order and process costing? (Points : 2)
Job-order costing is used in financial accounting while process costing is used in managerial accounting.
Job-order costing can only be used by manufacturers; service enterprises must use process costing.
Job-order costing is voluntary while process costing is mandatory.
Job-order costing traces costs to jobs while process costing traces costs to departments and averages the costs among the units worked on during the period.
Submitted: 6 years ago.
Category: Homework
Expert:  Chris M. replied 6 years ago.

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