Assume a company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for Augusti Work in Process: Refining Department August 1 balance 627000 Completed and transferred to Finished Goods Materials 310000 Direct Labor 72.000 Overhead 1000 August 31 balance The August 1 work in process inventory consisted of 6.000 units with $49.500 in materials cost and $12.500 in conversion cost. The August work in process inventory was 100% complete with respect to materials and 40%. complete with respect to conversion. During August 48,000 units were started into production. The August work in process inventory consisted of 8.000 unts were 100respect to me and con complete with respect to conversion The cost per equivalent unit for materials is closest to O $9.46 O $9.66 O $6.66 $796 Assume company uses the weight-average method in its process costing. Its Work in Process T-account for the Refining Department for Augustis Work in Process: Refining Department August 1 balance 627000 Completed and transferred to Finished Goods Materials 350.000 Direct labor 72.000 Overhead 181000 August 31 balance The August 1 work in process inventory consisted of 6.000 units with $37.000 in materials cost and $25.000 in conversion cost. The August work in process inventory was to complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were started into production. The August 31 work in process inventory consisted of 8.000 units that 100% sector and son complete with respect to conversion The materials cost included in the Refining Department's ending work in process inventory is closest to: $53,440 O $48.440 O 555.440 O $51.440 Assume a company uses the weight average method in its process costing. Its Work in Process account for the Refining Department for Augusti Work in Process: Refining Department AUCE 62.000 Come and red to Finished Goods 0.000 Director 72.000 Overhead Augustine The Augustwork in process inventory consisted of 6.000 units with $43,000 in materials cost and $10,000 in conversion cost. The August work in process inventory was 100% complete with respect to materials and 40% complete with respect to conversion. During August 48,000 units were stated into production. The August 31 work in process inventory consisted of 8.000 units that spect to materials and 60 complete with respect to conversion The materials cost included in the amount transferred from the Retning Department to Finished Goods is closest to O $300.340 $150 O 524640 O $3.50 10.00 points Assume a company incurs $197,000 of customer service salaries. The employees in the Customer Service Department spend their time performing four activities as follows: 40% of their time is spent in "Problem Resolution 25% of their time is spent in "New Account Setup 20% of their time is spent in Payment Processing and 15% is spent in other activities. In the company's activity based costing system, how much of the customer service salaries would be allocated to the "New Account Setup activity? O $78.800 O $39.400 O $121,050 $49.250 Assume a company's activity based costing system included three expenses: Vehicle operating expenses $300,000 Vehicle depreciation, $155.000, and Customer service series $210,000. These costs were consumed by four activities as follows: Customer Travel Deliveries Service 45% 40 10% 40W 50% ON 20% One 10% Vehicle operating expenses Vehicle depreciation Customer services Tot 100% 100% 100% How much total cost including all three expenses would be allocated to the Travel activity? O $259.000 O $229,000 O 5239.000 $200.000