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Exam (elaborations)

New Born care - WITH EXPECTED QUESTIONS AND SOLUTIONS 2024

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The nurse has provided instructions to the mother of a newborn that is not circumcised about measures to clean the penis. Which statement by the mother indicates an understanding of this procedure? - CORRECT ANSWERS-"I need to avoid pulling back the foreskin to clean the penis because this may caus...

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  • November 1, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • new born care
  • IELTS
  • IELTS
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AC320: Assignment
7
-WITH CORRECT
ANSWERS

, .


This is a basic definition of equivalent units.


In the computation of the manufacturing cost per equivalent unit, the weighted-average
method of process costing considers:


-current costs only.
-current costs plus cost of beginning Work-in-Process Inventory.
-current costs plus cost of ending Work-in-Process Inventory.
-current costs less cost of beginning Work-in-Process Inventory. - CORRECT
ANSWERS-current costs plus cost of beginning Work-in-Process Inventory.


This is the basic concept of weighted-average. FIFO considers current costs only.


Blue Company has beginning and ending Work-in-Process Inventories that are 45%
and 10% complete, respectively. Materials are added at the beginning of the process. If
first-in, first-out (FIFO) process costing is used, the total equivalent units for materials
will equal the number of units:


-transferred out during the period.
-started and completed during the period.
-started into the process during the period.
-started into the process plus the units in the ending inventory. - CORRECT
ANSWERS-started into the process during the period.


Which of the following organizations would most likely use a process costing system?


-Gasoline refinery.
-Automobile retailer.

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