1.

Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $44,870. An additional 87,000 units were started into production during the month and 82,000 units were completed in the Welding Department and transferred to the next processing department. There were 22,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $678,600 in conversion costs were incurred in the department during the month.

The cost per equivalent unit for conversion costs for the month is closest to:

2.

David Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $134,200. An additional 87,000 units were started into production during the month. There were 22,000 units in the ending work in process inventory of the Welding Department that were 15% complete with respect to conversion costs. A total of $422,250 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month?(Round your final answer to 3 decimal places.)

3.

Valley Manufacturing Corporation's beginning work in process inventory consisted of 19,000 units, 100% complete with respect to materials cost and 40% complete with respect to conversion costs. The total cost in the beginning inventory was $48,000. During the month, 68,000 units were transferred out. The equivalent unit cost was computed to be $2.8 for materials and $3.9 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

5.

In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $43,000 and ending work in process inventory of $14,000. During the month, the cost of units transferred out from the department was $462,000. In the department's cost reconciliation report for February, the total cost to be accounted for under the weighted-average method would be:

7.

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 530 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$6,200	75%
Conversion costs	$5,200	25%

A total of 8,400 units were started and 7,650 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$136,200
Conversion costs	$322,200

The ending inventory was 90% complete with respect to materials and 80% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

What are the equivalent units for conversion costs for the month in the first processing department?

8.

	Cost	Percent Complete
Materials costs	$7,200	75%
Conversion costs	$6,200	15%

A total of 9,400 units were started and 8,150 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$137,200
Conversion costs	$323,200

The ending inventory was 75% complete with respect to materials and 70% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

9.

Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$	7,500	60	%
Conversion costs	$	2,300	20	%

A total of 9,900 units were started and 9,300 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$238,200
Conversion costs	$376,600

The ending inventory was 85% complete with respect to materials and 75% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

12.

Arthur Corporation has a margin of safety percentage of 20% based on its actual sales. The break-even point is $200,000 and the variable expenses are 45% of sales. Given this information, the actual profit is:(Do not round your intermediate calculations.)

14.

Data concerning Wang Corporation's single product appear below:(Do not round your intermediate calculations.)

Selling price per unit	$	180.00
Variable expense per unit	$	68.40
Fixed expense per month	$	130,200

The break-even in monthly dollar sales is closest to:

15.

Wyly Inc. produces and sells a single product. The selling price of the product is $190.00 per unit and its variable cost is $60.80 per unit. The fixed expense is $394,128 per month.

The break-even in monthly dollar sales is closest to:(Round your intermediate calculations to 2 decimal places.)

16.

Mounts Corporation produces and sells two products. In the most recent month, Product I05L had sales of $27,000 and variable expenses of $10,380. Product P42T had sales of $40,000 and variable expenses of $18,430. The fixed expenses of the entire company were $46,020. The break-even point for the entire company is closest to:(Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

17.

Rickers Inc. produces and sells two products. Data concerning those products for the most recent month appear below:

	Product O66C	Product V67G
Sales	$46,000	$51,000
Variable expenses	$13,400	$28,310

The fixed expenses of the entire company were $39,000. The break-even point for the entire company is closest to:(Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)

19.

Colasuonno Corporation has two divisions: the West Division and the East Division. The corporation's net operating income is $87,200. The West Division's divisional segment margin is $42,300 and the East Division's divisional segment margin is $170,700. What is the amount of the common fixed expense not traceable to the individual divisions?

22.

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$117
Units in beginning inventory	750
Units produced	8,650
Units sold	8,750
Units in ending inventory	650
Variable costs per unit:
Direct materials	$25
Direct labor	$42
Variable manufacturing overhead	$6
Variable selling and administrative	$16
Fixed costs:
Fixed manufacturing overhead	$69,200
Fixed selling and administrative	$163,000

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

What is the net operating income for the month under absorption costing?

23.

Carr Company produces a single product. Last year, Carr manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows:

Fixed manufacturing overhead	$250,000
Variable manufacturing overhead	$210,000
Direct labor	$120,000
Direct materials	$180,000

Sales were $850,000, for the year, variable selling and administrative expenses were $110,000, and fixed selling and administrative expenses were $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.)

24.

Nantua Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division:

	Total Company	Southern	Northern
Sales	$5,200,000	$3,220,000	$1,980,000
Contribution margin	$2,250,000	$1,410,000	$840,000
Divisional segment margin	$1,210,000	$940,000	$270,000

Net operating income last year for Nantua Corporation was $520,000.

In last year's income statement segmented by division, what were Nantua's total common fixed expenses?

25.

Pong Incorporated's segmented income statement for the most recent month is given below.

	Total	Store A	Store B
Sales	$153,600	$60,200	$93,400
Variable expenses	59,054	30,100	28,954
Contribution margin	94,546	30,100	64,446
Traceable fixed expenses	69,200	21,000	48,200
Segment margin	25,346	$9,100	$16,246
Common fixed expenses	23,300
Net operating income	$ 2,046

If Store B sales increase by $41,900 with no change in fixed expenses, the overall company net operating income should: