Equivalent Units – NBC Institute

MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

Question

The term ‘equivalent units’ features under which of the following?
A. Contract Costing
B. Process Costing
C. Standard Costing
D. Job Costing
E. Batch Costing

Answer

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Tags: Equivalent Units, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2018

MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

Question

In process costing, ignoring equivalent units for normal loss has which of the following effects?

A. Decreases equivalent units and increases the cost per unit
B. Increases equivalent units and increases the total cost
C. Increases total cost and decreases the cost per unit
D. Increases the cost of work in progress and decreases the cost of finished products
E. Increases the cost of completed units and decreases work in progress

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equivalent Units, Normal Loss, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2022

MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

Question

The term ‘equivalent units’ features under which of the following?
A. Contract Costing
B. Process Costing
C. Standard Costing
D. Job Costing
E. Batch Costing

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equivalent Units, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2018

MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

Question

In process costing, ignoring equivalent units for normal loss has which of the following effects?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Equivalent Units, Normal Loss, Process Costing
Level: Level 1

Topic: Costing Methods
Series: MAY 2022

Question Tag: Equivalent Units

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MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

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Question Tag: Equivalent Units

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MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

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MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

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MI – May 2018 – L1 – SA – Q8 – Costing Methods

Equivalent units and costing method classification.

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MI – May 2022 – L1 – SA – Q2 – Costing Methods

Impact of ignoring equivalent units for normal loss in process costing.

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