Crash & Burn Ltd. manufactures downhill skis. For April there were no beginning inventories of direct materials, and no beginning or ending work-in-process. Journal entries are recorded when materials are purchased and the completion of finished goods under backflush costing. The standards per unit are: direct materials $25, conversion costs $10. Following is financial information for April.

Actual Conversion costs	$320,000
Direct materials purchased	$240,000
Units produced	9,900
Units sold	9,100

Which of the following entries properly records the cost of goods sold for the month?

A.

Finished Goods Control	318,500
Work in Process	318,500

B.

Cost of Goods Sold	560,000
Finished Goods Control	560,000

C.

Cost of Goods Sold	318,500
Work in Process	318,500

D.

Cost of Goods Sold	318,500
Finished Goods Control	318,500

E.

Finished Goods control	318,500
Cost of Goods Sold	318,500

#2

#3

If a dualrate cost allocation method is used, what amount of transporation facility costs will be budgeted for Department B?

A. $26,600

B. $28,200

C. $29,945

D. $24,600

E.$28,500

Laid Back Ltd. provided the following information. Budgeted input Actual input Budgeted production Actual production What is the partial productivity ratio? 173,600 kilograms 180,000 kilograms 125,000 units 144,000 units O A. 1.12 units per kilogram OB. 1.34 units per kilogram OC. 0.78 units per kilogram OD. 0.75 unit per kilogram O E. 0.80 units per kilogram The Freight-To-You Corporation has a central transportation facility. The transporation facility has only two users, Department A and Department B. The following data apply to the coming budget year: $27,500 3 cents (03) per kilometer Budgeted costs of operating the transportation facility for 200,000 to 300,000 kilometers: Fixed costs per year Variable costs Budgeted long-run usage per year. Department A Department B Budgeted amounts are used to calculate the allocation rates. 60,000 kilometers 190,000 kilometers Actual usage for the year by Department A was 40,000 kilometers and by Department B was 180,000 kilometers