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ACCT 6331 Solution to Surprise Quiz 2.docx

ACCT 6331 Solution to Surprise Quiz 2.docx - Suggested...

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Suggested solution to Quiz 2 1) A. Rest of the options correspond to production environments that are not suited (or less suited compared to option A) for process costing. 2) A. Cost per unit = Total cost/total number of units produced = $120,000/1,200 = $100 per unit 3) C. Activity based costing’s central theme is to trace costs to activities. i.e. make activities as cost objects in the first stage. 4) C. Since weighted average cost method merges the costs from beginning inventory to costs
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