Answer the following questions using the information below: The Rest-a-Lot chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 75,000 chairs. During the month, the firm completed 80,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 10,000 chairs in ending inventory. There were 15,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process The FIFO method of process costing is used by Rest-a-Lot Beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs Begmuling inventory Direct materials Conversion costs $24,000 $35.000 Manufacturing costs added during the accoterting period Direct materials $168,000 Conversion costs $278.000 How many of the Rest-a-Lot company units that were started during February were completed during February? 75.000 65.000 80.000 85,000 70,000 1 points Sved Last week Job # WPP 298 was charged DM of $4,606, DL of 51,579, and. MOH of 53.960 based on machine hours The materials requisition record for this week showed an additional purchase of 10 brackets at a unit cost of $16, the direct labour costs were the same as the first week and the total machine hours for both weeks are now 140 hours at 545 per machine hour Calculate the revised total job cost (direct materials + direct labour manufacturing overhead) 514.224 $18.184 $10,145 $12.645 $11.884 points Saved Use the information below to answer the following question(s). A Hospital uses a job cost system for all surgery patients In February, the pre-operating room (PRE-OP) and operating room (OR) had budgeted allocation bases of 1,000 nursing hours and 500 nursing hours, respectively, and budgeted nursing overhead charges were $28,000 and $22.000, respectively. The hospital ward rooms for surgery patients had budgeted overhead costs of $200,000 and 2 500 nursing hours for the month PRE-OP OR and the hospital ward have separate indirect cost pools. The hospital uses a budgeted overhead rate for applying overhead to patient stays For patient Jones actual hours incurred were six and eight hours, respectively, in the PRE-OP and OR rooms He was in the hospital for 5 days (120 hours). Other costs related to Jones were PRE-OP Costs $200 1 200 Patient medicine Direct nursing time OR Costs $500 1.750 Ward In-room Costs $2.400 2,700 What is the budgeted overhead rate for the hospital floor for surgery? $44.00 $28.00 $47.75 $45.75 $80,00 Saved Answer the following questions using the information below: The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line Its costing system uses two cost categories, direct materials and conversion costs Each tractor must pass through the Assembly Department and the Testing Department Direct materials are added at the beginning of the production process, Conversion costs are allocated evenly throughout production Townsend Tractor uses weighted average costing 40 units Data for the Assembly Department for April are Work in process beginning inventory Direct materials (100% complete) Conversion costs (40% complete) 1.200 units 250 units Units started during April Work in process, ending inventory Direct materials (100% complete) Conversion costs (80% complete) Costs for April Work in process beginning inventory Direct materials Conversion costs Direct materials costs added during June Conversion costs added during June $230,000 $220,000 $700.000 $1,175.000 What are the Townsend Company equivalent units for direct materials and conversion costs respectively for April? 1600 units, 1,350 units 250 units 200 units 1,600 units: 1,550 units 1.850 units: 1 690 units 1,350 units 1 350 units Question 22 1 points Save Answer Answer the following question(s) using the information below. Cloudy Company manufactures pipes and applies manufacturing overhead costs to production at a budgeted indirect cost allocation rate of 521 per direct labour hour The following data are obtained from the accounting records for June in the current year $28.000 Direct materials $320.000 Direct labour (8,000 hours @ $14/hour $112,000 Indirect labour $32.000 Plant facility rent $55.000 Depreciation on plant machinery and equipment 520,000 Sales commissions LO Administrative expenses 540.000 The actual amount of manufacturing overhead costs incurred in June totals $147 000 $144,000 $107.000 $175.000 $75 000 9:44 PM