Chapman corporation the following information is available for chapman corporation for the current month: started this month 80,000 units beginning wip (40% complete) 7,500 units normal spoilage (discrete) 1,100 units abnormal spoilage 900 units ending wip (70% complete) 13,000 units transferred out 72,500 units beginning work in process costs: material $10,400 conversion 13,800 current costs: material $120,000 conversion 350,000 all materials are added at the start of production and the inspection point is at the end of the process. refer to chapman corporation. what are equivalent units of production for conversion costs using fifo? 79,700 79,500 81,100 80,600crafton corporation crafton corporation has the following information for the current month: units started 100,000 units beginning work in process: (35% complete) 20,000 units normal spoilage (discrete) 3,500 units abnormal spoilage 5,000 units ending work in process: (70% complete) 14,500 units transferred out 97,000 units beginning work in process costs: material $15,000 conversion 10,000 all materials are added at the start of the production process. crafton corporation inspects goods at 75 percent completion as to conversion. refer to crafton corporation. what are equivalent units of production for material, assuming fifo? 100,000 96,500 95,000 120,000 the cost of abnormal continuous losses is considered a product cost. absorbed by all units in ending inventory and transferred out on an equivalent unit basis. written off as a loss on an equivalent unit basis. absorbed by all units past the inspection point.mercury corporation beginning inventory (30% complete as to material b and 60% complete for conversion) 700 units started this cycle 2,000 units ending inventory (50% complete as to material b and 80% complete for conversion) 500 units beginning inventory costs: material a $14,270 material b 5,950 conversion 5,640 current period costs: material a $40,000 material b 70,000 conversion 98,100 material a is added at the start of production, while material b is added uniformly throughout the process. refer to mercury corporation assuming a fifo method of process costing, compute the average cost per eup for material b. $20.10 $31.25 $20.00 $31.00 chapman corporation the following information is available for chapman corporation for the current month: started this month 80,000 units beginning wip (40% complete) 7,500 units normal spoilage (discrete) 1,100 units abnormal spoilage 900 units ending wip (70% complete) 13,000 units transferred out 72,500 units beginning work in process costs: material $10,400 conversion 13,800 current costs: material $120,000 conversion 350,000 all materials are added at the start of production and the inspection point is at the end of the process. refer to chapman corporation. what is cost per equivalent unit for material using weighted average? $1.49 $1.63 $1.56 $1.44 which of the following standards can commonly be reached or slightly exceeded by workers in a motivated work environment? ideal practical expected annual no no no no yes yes yes yes no no yes no fleetwood company fleetwood company uses a standard cost system for its production process and applies overhead based on direct labor hours. the following information is available for may when fleetwood produced 4,500 units: standard: dlh per unit 2.50 variable overhead per dlh $1.75 fixed overhead per dlh $3.10 budgeted variable overhead $21,875 budgeted fixed overhead $38,750 actual: direct labor hours 10,000 variable overhead $26,250 fixed overhead $38,000 refer to fleetwood company. using the two-variance approach, what is the controllable variance? $5,812.50 u $5,812.50 f $4,375.00 u $4,375.00 fthe efficiency variance computed on a three-variance approach is equal to the efficiency variance computed on the four-variance approach. equal to the variable overhead spending variance plus the efficiency variance computed on the four-variance approach. computed as the difference between applied variable overhead and actual variable overhead. computed as actual variable overhead minus the flexible budget for variable overhead based on actual hours worked.which of the following are considered controllable variances? voh spending total overhead budget volume