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8) Lucas Corporation materials at the beginning of the process in production process. Information uses the weighted-average method in its process costing system. The company

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8) Lucas Corporation materials at the beginning of the process in production process. Information uses the weighted-average method in its process costing system. The company adds the Forming Department, which is the first of two stages in its cocerning operations in the Forming Department in October follows: Materials Units Cost Work in process on October 1 Units started during October Units completed and transferred to the next Department during October 6,000 50,000 S 3,000 $25,560 44,000 What was the materials cost of work in process at October 31? 8) A) S5,520 B)S6,120 C)$3,060 D)$6,000 of a(n): 9) The cost of lubricants used to grease a production 9) machine in a manufacturing company is an example A) indirect material cost. B) period cost. C) direct material cost. D) opportunity cost 10) 10) Product costs that have become expenses can be found in: A) period costs. B) selling expenses. C) administrative expenses. D) cost of goods sold. 11) Dearden Corporatio based on machine-hours. on uses a job-order costing system with a single plantwide predetermined overhead rate The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $144,000, variable manufacturing overhead of $2.00 per machine-hour, and 60,000 machine-hours. The predetermined overhead rate is closest to: 11) A) $4.40 per machine-hour B) $2.00 per machine-hour C) S2.40 per machine-hour D) $6.40 per machine-hour 12) As the level of activity increases, how will a mixed cost in total and per unit behave? In Total Per Unit A) Increase Decrease B) Increase C) D) Decrease Increase E) Decrease No effect Increase No effect Increase

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