Answer multiple choice questions by showing your work.

If equivalent units are 6100 for conversion costs and units transferred out equals 3400, what stage of completion should the ending Work in Process be for the 11250 units remaining?

54%

24%

9%

19%

Managerial accounting:

information generally pertains to an entity as a whole and is very detailed.

applies only to manufacturing companies.

focuses primarily on reports for both internal and external users.

provides tools that help management make decisions and evaluate the effectiveness of those decisions.

A company expected its annual overhead costs to be $834760 and machine hours to equal 101800 hours. Actual overhead was $744800, and actual machine hours totalled 96100 hours. How much overhead was applied?

$703097

$788020

$884000

$788000

Crane' Assembly Department has materials cost at $2 per unit and conversion cost at $5 per unit. There are 8000 units in ending Work in Process, all of which are 60% finished as to conversion costs and fully finished as to direct materials. How much are total costs to be assigned to inventory if the weighted-average method is used?

$24000

$40000

$33600

$56000

Crane produces two models: Model 24 has sales of 190 units with a contribution margin of $35 each; Model 26 has sales of 73 units with a contribution margin of $39 each. If sales of Model 26 increase by 54 units, how much will profit change?

$2106 increase

$1890 increase

$3996 increase

$7410 increase