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Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product
Emerging Dock Company manufactures boat docks on an assembly line. Its standard costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Finishing Department. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.
Data for the Assembly Department for May X are:
Work in process, beginning inventory: units
Direct materials complete
Conversion costs complete
Units started during May units
Work in process, ending inventory: units
Direct materials complete
Conversion costs complete
Costs for May:
Standard costs for Assembly:
Direct materials $ per unit
Conversion costs $ per unit
Work in process, beginning inventory:
Direct materials $
Conversion costs $
Which of the following journal entries records the total conversion costs variances of the Assembly Department, assuming that conversion costs are higher than expected?
Question options:
Assembly Department Conversion Costs Allocated
ConversionCost Variances
Assembly Department Conversion Cost Control
Work in Process Assembly
Assembly Department Conversion Cost Control
Work in Process Assembly
ConversionCost Variances
Assembly Department Conversion Cost Control
Assembly Department Conversion Costs Allocated
Direct Materials Variances
Finishing Department Conversion Cost Control
none of the above.
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