2. The following information applies to Barcelona FC Ltd Work in process inventory, beginning of the year $ 9 000 Manufacturing overhead applied during the year $ 20 000 Work in process inventory, end of the year $ 14 000 Under-applied manufacturing overhead $ 2 000 What was the actual manufacturing overhead incurred during the year? Select one: $18 000 $20 000 $22 000 $16 000

3,

3.

ob costing for service entities is most likely to be used in situations where:

Select one:

customer contact is low.

the number of services produced is high.

the number of services produced is low.

there is significant back office involvement.

8.

8.

Tottenham Hotspur Ltd FC makes a product called only hope. Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process.

For May, opening WIP is 15,000 units (60% complete), 60,000 units are started and 68,000 units are completed and transferred out. Closing WIP is 20% complete.

Using the weighted average method of process costing, calculate the equivalent units of direct materials and conversion costs for the month of May.

Select one:

DM 75 000; CC 60 400

DM 75 000; CC 69 400

DM 60 000; CC 60 400

DM 68 000; CC 69 400

9.

Nadal Tennis Pty Ltd makes a variety of tennis racquets. The Weaving Department had 1000 units in work in process on April 1, which were 20 per cent complete as to conversion costs. During April, 8000 units were completed and transferred. On April 30, 4000 units remained in work in process 50 per cent complete as to conversion costs. Using the weighted average method process costing, calculate the equivalent units of conversion for the month of April.

Select one:

9000

10 000

9800

12 000