#6

Thefollowing information relates to the Cutting Department of Kittina Corporation for the month of February. Kittina uses a FIFO process costing system. All materials at Kittina are added at the beginning of the production process Units Percent Complete Conversion costs 10% 18,000 Work in process, February I Units started into production Work in process, February 28 40 % 7,000 On February 1, the work in process inventory account contained $55,620 of material cost and S123,120 of conversion cost. Cost per equivalent unit for February was $3.10 for materials and $7.50 for conversion costs. Wh at total amount of cost should be assigned to the units in work in process on February 28? A) $53,200 B) $29,680 C) $42,700 D) $44,520 O following would usually be found on a job cost sheet under a normal cost )__ system? Actual direct material cost Yes Yes No 0 Actual manufacturing overhead cost A) B) C) es Yes A) Choice A B) Choice B C) ChoiceC D) Choice D 6 Levron Corporation uses a job-order costing system with a single plantwide 6) predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $58,000, variable manufacturing overhead of $2.00 per machine-hour, and 20,000 machine-hours. The company has provided the following data concerning Job P978 which was recently completed: Number of units in the job Total machine-hours Direct materials Direct labor cost 20 80 $ 2,640 The amount of overhead applied to Job P978 is closest to: B) S392 A) $232 C) $160 D) $552