cost accounting review

1. When the authors of your book discuss the building block of process costing, which of the following items are considered building blocks? A. Conversion cost and equivalent units of production. B. Direct labor and conversion C. Direct materials and direct labor. D. Direct materials and direct labor. 2. Which of the following is the formula to compute equivalent units of production? A. Conversion cost/ Total costs B. Number of units totally completed X [(Number of units totally completed + Number of units partially complete) / Total units totally or partially completed] C. Number of units totally completed X (Number of units totally completed / Total units totally or partially completed) D. Number of partially completed units X Percentage of process completed

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1. When the authors of your book discuss the building block of process costing, which of the following items are considered building blocks?A. Conversion cost and equivalent units of production.B. Direct labor and conversion C. Direct materials and direct labor.D. Direct materials and direct labor.2. Which of the following is the formula to compute equivalent units of production?A. Conversion cost/ Total costsB. Number of units totally completed X [(Number of units totally completed + Number of units partially complete) / Total units totally or partially completed]C. Number of units totally completed X (Number of units totally completed / Total units totally or partially completed)D. Number of partially completed units X Percentage of process completed

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