During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 140,000 that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 65% complete with respect to conversion. At the end of November, 31,000 additional units were in process in the production department and were 100% complete with respect to materials and 45% complete with respect to conversion. Compute the number of equivalent units with respect to conversion for November using the weighted-average method.

Multiple Choice

• 180,000.

• 193,950.

• 91,000.

• 111,150.

• 211,000.

During March, the production department of a process operations system completed and transferred to finished goods 27,000 units that were in process at the beginning of March and 180,000 units that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to labor. At the end of March, 24,000 additional units were in process in the production department and were 100% complete with respect to materials and 60% complete with respect to labor. The production department incurred direct materials cost of $254,100 and its beginning inventory included materials cost of $93,800. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.

rev: 05_30_2019_QC_CS-169835

Multiple Choice

• $1.37.

• $1.93.

• $1.51.

• $1.41.

• $1.68.

Mango Company applies overhead based on direct labor costs. For the current year, Mango Company estimated total overhead costs to be $500,000, and direct labor costs to be $250,000. Actual overhead costs for the year totaled $520,000, and actual direct labor costs totaled $280,000. At year-end, the balance in the Factory Overhead account is a:

Multiple Choice

• $520,000 Debit balance.

• $280,000 Debit balance.

• $40,000 Credit balance.

• $560,000 Credit balance.

• $40,000 Debit balance.

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $188,000 of raw materials on credit; issued materials to production of $215,000 of which $10,000 were indirect. Minstrel incurred a factory payroll of $159,000, of which $20,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The total manufacturing costs added during the period are:

Multiple Choice

• $552,500.

• $612,500.

• $582,500.

• $602,500.

• $562,500.