all Saada Corporation uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March. Percent Complete with Respect to Units Conversion Beginning work in process inventory 7100 20% Transferred in from the prior department during March 62,400 Ending work in process inventory 10,600 60% The Fitting Department's cost per equivalent unit for conversion cost for March was $6.16. How much conversion cost was assigned to the units transferred out of the Fitting Department during March? 0 $328,026 Q $362,824 Q $428,120 Q $384,384 Question 2 (1.5 points) Incremental analysis is an analytical approach that focuses only on those revenues and costs that will not change as a result of a decision. Question 3 (1.5 points) Wages paid to production supervisors would be classified as manufacturing overhead. Question 4 (1.5 points) Rovinsky Corporation, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (7300 units) $ 350,400 Variable expenses 204,400 Contribution margin 146,000 Fixed expenses 103,500 Net operating income $ 42,500 If the company sells 7200 units, its net operating income should be closest to: (Do not round intermediate calculations.) 0 $41,979 0 $38,000 0 $40,500 0 $42,500 Question 5 (1.5 points) Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 325,000 Variable expenses 195,000 Contribution margin 130,000 Fixed expenses 105,000 Net operating income $ 25,000 What is total contribution margin if sales volume increases by 30%? 0 $32,500 0 $169,000 0 $17,500 0 $130,000 Question 6 (1.5 points) all In its first year of operations, Bronfren Corporation produced 800,000 sets and sold 780,000 sets of artificial tan lines. What would have happened to net operating income in this first year under the following costing methods if Bronfren had produced 20,000 fewer sets? (Assume that Bronfren has both variable and fixed production costs.) Variable costing Absorption costing A) No effect Increase B) Decrease Increase C) Decrease Decrease D) No effect Decrease 0 Choice A 0 Choice B 0 Choice C 0 Choice D Question 7 (1.5 points) all Brothern Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the most recently completed year appear below: Estimates made at the beginning of the year: Estimated machine-hours 38,300 Estimated variable manufacturing per machine- overhead is 5.77hour Estimated total fixed manufacturing 1,028,73 overhead is 8 Actual machine-hours for the year 34,800 The predetermined overhead rate for the recently completed year was closest to: 0 $32.10 per machine-hour 0 $5.77 per machine-hour 0 $26.86 per machine-hour 0 $32.63 per machine-hour Question 8 (1.5 points) a During the month of May, direct labor cost totaled $13,360 and direct labor cost was 40% of prime cost. If total manufacturing costs during May were $74,200, the manufacturing overhead was: Q $60,840 Q $40,800 Q $20,040 Q $33,400 Question 9 (1.5 points) a An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day. Question 10 (1.5 points) a The Assembly Department started the month with 25,200 units in its beginning work in process inventory. An additional 310,200 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 30,200 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? Q 305,200 0 315,200 Q 335,400 0 365,600 Question 11 (1.5 points) all Sargent Corporation applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job 210 shows $14,070 of manufacturing overhead cost applied, how much was the direct labor cost on the job? Q $9349 Q $20,100 Q $14,070 0 $23,919 Question 12 (1.5 points) Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below: Estimated machine-hours 72,900 Estimated variable manufacturing per machine- overhead $ 3.30hour Estimated total fixed manufacturing 838,77 overhead $ 0 The predetermined overhead rate for the recently completed year was closest to: O $9.90 per machine-hour C) $15.51 per machine-hour O $8.69 per machine-hour 0 $6.45 per machine-hour Question 13 (1.5 points) Unit-level activities are performed each time a new departmental unit such as a regional sales office is created. Question 14 (1.5 points) In a process costing system, manufacturing overhead cost is also called conversion cost. Question 15 (1.5 points) all Olmo, lnc., manufactures and sells two products: Product K0 and Product H9. The annual production and sales of Product of K0 is 600 units and of Product H9 is 600 units. The company has an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Activity Estimated Pools Measures Overhead Cost Expected Activity Product Produ ct K0 H9 Total Labor-related DLHs $ 549,208 4800 2400 7200 P d t' m \"\"0\" orders 52,219 700 300 1000 orders G | enera MHs 834.816 2800 3500 6300 factory $1.,243 The overhead applied to each unit of Product KO under activity-based costing is closest to: (Round your intermediate calculations to 2 decimal places.) 0 $618.38 per unit 0 $598.44 per unit 0 $610.24 per unit 0 $1289.54 per unit Question 16 (1.5 points) all Kray Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 4100 Variable costs per unit: Direct materials $ 42 Direct labor $ 26 Variable manufacturing overhead $ 12 Variable selling and administrative expense $ 5 Fixed costs: Fixed manufacturing overhead $319,800 Fixed selling and administrative expense $291,100 There were no beginning or ending inventories. The variable costing unit product cost was: 0 $158 per unit 0 $80 per unit 0 $73 per unit O $85 per unit Chrzan, Inc., manufactures and sells two products: Product EO and Product NO. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Direct Total Direct Expected Labor-Hours Labor- Production Per Unit Hours Product EO 490 10.9 5341 Product NO 1950 9.9 19,305 Total direct labor-hours 24,646 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Estimated Expected Activity Activity Cost Activity Overhead Product Product Pools Measures Cost EO NO Total Labor-related DLHs $ 305,890 5341 19,30524,646 Production orders 65,087 1250 1350 2600 orders General MHs 589,366 5950 565011,600 factory $ 960,343 The activity rate for the General Factory activity cost pool under activity-based costing is closest to: $25.03 per MH $15.85 per MH $38.97 per MH $50.81 per MHQuestion 18 (1.5 points) all Perteet Corporation's relevant range of activity is 4200 units to 9000 units. When it produces and sells 6600 units, its average costs per unit are as follows: Average Cost per Unit 6.5 Direct materials $ 0 Direct labor $33 1.6 0 3.7 $ Fixed manufacturing overhead 0 0.9 0 0.6 0 0.7 Sales commissions $ 0 0.7 5 If 4800 units are produced, the total amount of manufacturing overhead cost is closest to: Variable manufacturing overhead $ Fixed selling expense $ Fixed administrative expense $ Variable administrative expense $ 0 $40,260 0 $32,100 0 $22,030 Q $25,440 A factory supervisor's salary would be classified as an indirect cost with respect to a unit of product. Question 20 (1.5 points) all A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0 Units produced 4350 Units sold 4250 Units in ending inventory 100 Variable costs per unit: Direct materials $ 48 Direct labor $ 50 Variable manufacturing overhead :5 13 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 91,350 Fixed selling and administrative expense $ 42,500 What is the variable costing unit product cost for the month? 0 $143 per unit 0 $125 per unit 0 $122 per unit 0 $111 per unit