1)

A professional audit firm charged juniors at $60 per hour, seniors at $200 per hour and the overhead rate for both was 150 per cent on direct labour. The firm added 10 per cent on total cost to arrive at a fee to be charged. If a job took 7 junior hours and 3 senior hours, what was the fee charged?

Select one:

a. 2345

b. 2635

c. 2805

d. 3450

2)

Softcloth Textile Pty Ltd. manufactures a variety of fabrics. The weaving department had 3,000 units in work in process on April 1 which were 20% complete as to conversion costs. During April, 15,000 units were completed and transferred. On April 30th, 6,000 units remained in work in process 40% complete as to conversion costs. Using the weighted average process costing approach, calculate the equivalent units of conversion costs as at the end of April.

Select one:

a. 14,400

b. 13,800

c. 16,800

d. 21,000

e. 17,400

3)

Seatrail Company uses the weighted-average method in its process costing system. The beginning work in process inventory in a particular department consisted of 10,000 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning work in process inventory was $37,600. A total of 15,000 units were transferred out of the department during the month. The costs per equivalent unit were computed to be $1.50 for materials and $3.20 for conversion costs. The total cost of the units completed and transferred out of the department was:

Select one:

a. 70500

b. 37600

c. 74260

d. 40500