1.BE.17.02.ALGO

Units to be Assigned Costs

Kraus Steel Company has two departments, Casting and Rolling. In the Rolling Department, ingots from the Casting Department are rolled into steel sheet. The Rolling Department received 46,800 tons from the Casting Department in October. During October, the Rolling Department completed 50,200 tons, including 6,700 tons of work in process on October 1. The ending work in process inventory on October 31 was 3,300 tons.

How many tons were started and completed during October?

fill in the blank 1

tons

2.BE.17.03.ALGO

Equivalent Units of Materials Cost

The Rolling Department of Kraus Steel Company had 4,500 tons in beginning work in process inventory (80% complete) on October 1. During October, 74,500 tons were completed. The ending work in process inventory on October 31 was 3,700 tons (90% complete).

What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?

fill in the blank 1

units

3.BE.17.04.ALGO

Equivalent Units of Conversion Costs

The Rolling Department of Kraus Steel Company had 7,601 tons in beginning work in process inventory (10% complete) on October 1. During October, 69,100 tons were completed. The ending work in process inventory on October 31 was 4,837 tons (80% complete).

What are the total equivalent units for conversion costs?Round to the nearest whole unit.

fill in the blank 1

units

4.BE.17.05.ALGO

Cost per Equivalent Unit

The cost of direct materials transferred into the Rolling Department of Kraus Company is $546,000. The conversion cost for the period in the Rolling Department is $297,600. The total equivalent units for direct materials and conversion are 2,600 tons and 4,650 tons, respectively.

Determine the direct materials and conversion costs per equivalent unit.

Direct materials cost per equivalent unit:$fill in the blank 1

per tonConversion cost per equivalent unit:$fill in the blank 2

per ton

5.BE.17.06.ALGO

Cost of Units Transferred Out and Ending Work in Process

Thecosts per equivalent unitof direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.30 and $0.25, respectively. The equivalent units to be assigned costs are as follows:

Equivalent UnitsDirect MaterialsConversionInventory in process, October 103,000Started and completed during October38,00038,000Transferred out of Rolling (completed)38,00041,000Inventory in process, October 314,0001,200Total units to be assigned costs42,00042,200

The beginning work in process inventory on October 1 had a cost of $1,950. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.

Completed and transferred-out production$fill in the blank 1

Inventory in process, October 31$fill in the blank 2

Total costs assigned by the Rolling Department$fill in the blank 3

6.BE.17.07.ALGO

Process Cost Journal Entries

In October, the cost of materials transferred into the Rolling Department from the Casting Department of Kraus Steel Company is $522,300. The conversion cost for the period in the Rolling Department is $105,300 ($63,600 factory overhead applied and $41,700 direct labor). The total cost transferred to Finished Goods for the period was $600,000. The Rolling Department had a beginning inventory of $23,200.

a1.Journalize the cost of transferred-in materials. If an amount box does not require an entry, leave it blank.

fill in the blank 4e1d18fd702c00b_2

fill in the blank 4e1d18fd702c00b_3

fill in the blank 4e1d18fd702c00b_5

fill in the blank 4e1d18fd702c00b_6

a2.Journalize the conversion costs. If an amount box does not require an entry, leave it blank.

fill in the blank b4e33707c056070_2

fill in the blank b4e33707c056070_3

fill in the blank b4e33707c056070_5

fill in the blank b4e33707c056070_6

fill in the blank b4e33707c056070_8

fill in the blank b4e33707c056070_9

a3.Journalize the costs transferred out to Finished Goods. If an amount box does not require an entry, leave it blank.

fill in the blank 32b49bfd9fc706a_2

fill in the blank 32b49bfd9fc706a_3

fill in the blank 32b49bfd9fc706a_5

fill in the blank 32b49bfd9fc706a_6

b.Determine the balance of Work in ProcessRolling at the end of the period.

$fill in the blank c9c43505705e020_1

7.BE.17.08.ALGO

Analyzing changes in unit costs

The costs of materials consumed in producing good units in the Forming Department of Thomas Company were $5,530 and $10,080 for September and October, respectively. The number of equivalent units produced in September and October was 790 tons, and 1,680 tons, respectively. Evaluate the change in the cost of materials between the two months.

Round all answers to the nearest whole cent.

Energy cost per ton, September$fill in the blank 1

Energy cost per ton, October$fill in the blank 2

The cost of energy has appeared to

by $fill in the blank 4

per ton between September and October.

8.BE.18.01.ALGO

Single Plantwide Factory Overhead Rate

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,034,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboat and bass boat each require four direct labor hours for manufacture. Each product is budgeted for 11,000 units of production for the year.

When required, round all per unit answers to the nearest cent.

a.Determine the total number of budgeted direct labor hours for the year.

fill in the blank 1

direct labor hours

b.Determine the single plantwide factory overhead rate.

$fill in the blank 2

per dlh

c.Determine the factory overhead allocated per unit for each product using the single plantwide factory overhead rate.

Speedboat$fill in the blank 3

per unitBass boat$fill in the blank 4

per unit

9.BE.18.02.ALGO

Multiple Production Department Factory Overhead Rates

The total factory overhead for Bardot Marine Company is budgeted for the year at $925,000, divided into two departments: Fabrication, $700,000, and Assembly, $225,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The speedboats require four direct labor hours in Fabrication and two direct labor hours in Assembly. The bass boats require three direct labor hours in Fabrication and four direct labor hours in Assembly. Each product is budgeted for 5,000 units of production for the year.

If required, round all per unit answers to the nearest cent.

a.Determine the total number of budgeted direct labor hours for the year in each department.

Fabricationfill in the blank 1

direct labor hoursAssemblyfill in the blank 2

direct labor hours

b.Determine the departmental factory overhead rates for both departments.

Fabrication$fill in the blank 3

per dlhAssembly$fill in the blank 4

per dlh

c.Determine the factory overhead allocated per unit for each product using the department factory overhead allocation rates.

Speedboat:$fill in the blank 5

per unitBass boat:$fill in the blank 6

per unit

10.BE.18.03.ALGO

Activity-Based Costing: Factory Overhead Costs

The total factory overhead for Bardot Marine Company is budgeted for the year at $1,358,800, divided into four activities: fabrication, $646,000; assembly, $264,000;setup, $244,800; and inspection, $204,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. Theactivity-baseusage quantities for each product by each activity are as follows:

FabricationAssemblySetupInspectionSpeedboat8,500dlh24,750dlh61setups106inspectionsBass boat25,5008,25044974434,000dlh33,000dlh510setups850inspections

Each product is budgeted for 7,500 units of production for the year.

a.Determine theactivity ratesfor each activity.

Fabrication$fill in the blank 1

per direct labor hourAssembly$fill in the blank 2

per direct labor hourSetup$fill in the blank 3

per setupInspection$fill in the blank 4

per inspection

b.Determine the activity-based factory overhead per unit for each product. Round to the nearest whole dollar.

Speedboat$fill in the blank 5

per unitBass boat$fill in the blank 6

per unit

11.BE.18.04

Activity-Based Costing: Selling and Administrative Expenses

Jungle Junior Company manufactures and sells outdoor play equipment. Jungle Junior uses activity-based costing to determine the cost of the sales order processing and the customer return activity. The sales order processing activity has anactivity rateof $20 per sales order, and the customer return activity has an activity rate of $100 per return. Jungle Junior sold 2,500 swing sets, which consisted of 750 orders and 80 returns.

a.Determine the total sales order processing and customer return activity cost for swing sets.

$fill in the blank 1

b.Determine the per-unit sales order processing and customer return activity cost for swing sets. Round your answer to the nearest cent.

$fill in the blank 2

per unit

12.BE.18.05.ALGO

Activity-Based Costing for a Service Business

Sterling Hotel uses activity-based costing to determine the cost of servicing customers. There are three activity pools: guest check-in, room cleaning, and meal service. Theactivity ratesassociated with each activity pool are $8.20 per guest check-in, $24.00 per room cleaning, and $5.00 per served meal (not including food). Julie Lawson visited the hotel for a 3-night stay. Julie had 3 meals in the hotel during the visit.

Determine the total activity-based cost for Lawson's visit during the month. Round your answer to the nearest cent.

$fill in the blank 1