#1 Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000 units were 20% completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:

Work in process, beginning of period$ 60,000

Costs added during period:Direct materials (10,400 at $9.8365)102,300

Direct labor 79,800

Factory overhead25,200

Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, determine the equivalent units for materials and conversion costs, respectively.

a )14,000 and 12,160

b) 10,400 and 10,960

c) 14,000 and 13,600

d) 10,400 and 10,240

#2 A company is preparing its cash budget.Its cash balance on January 1 is $290,000, and it has a minimum cash requirement of $340,000. The following data has been provided:

January February March

Cash receipts $1,061,200 $1,182,400 $1,091,700

Cash payments 984,500 1,210,000 1, 075,000

What is the amount of cash excess or deficiency (after considering the minimum cash balance required) for March?

a) excess of $214,200

b)excess of $15,800

c) deficiency of $60,000

d) excess of $25,300

#3 Match each of the methods that follow with the correct category (a-b).

Question 18 options:

Net present value method

Average rate of return method

Internal rate of return method

Cash payback method

a.Methods that doesnot use present value

b.Methods that uses present value

#4 The Botosan Factory has determined that its budgeted factory overhead for the year is $13,500,000,and the budgeted direct labor hours are 10,000,000. If the actual direct labor hours for the period are 350,000, how much overhead would be allocated to the period?

a) $675,000

b) $470,630

c) $472,500

d) $236,250

#5 The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units.

The materials price variance is

a) $0

b) $59,400 unfavorable

c) $59,400 favorable

d) $6,000 unfavorable