management accounting

Healesville Animates produces and sells a luxury animal pillow for $40.00 per unit. In the rst month of operation, 3000 units were produced and 2250 units were sold. Actual xed costs are the same as the amount budgeted for the month. Other information for the month includes: Variable manufacturing costs $19 per unit Variable marketing costs $1 per unit Fixed manufacturing costs $30 000 per month Administrative expenses, all fixed $6000 per month Ending inventories: Direct materials -0- WIP -0- Finished goods 750 units What is cost of goods sold per unit when using absorption costing? 0 $19 0 $20 0 $29 0 $32 The Morgan Models company manufactures replica plastic airplane and motorised vehicle models. During October, the firm's Assembly Department started production of 60 000 models. During the month, the rm completed 66 000 models, and transferred them to the Finishing Department. The firm ended the month with 22 000 models in ending inventory. There were 28 000 models in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Morgan. Beginning work in process was 25% complete as to conversion costs, while ending work in process was 50% complete as to conversion costs. Beginning inventory: Direct materials costs $39 200 Conversion costs $30 800 Manufacturing costs added during the accounting period: Direct materials costs $90 000 Conversion costs $280 000 What is the cost of the goods transferred out during October? 0 $363 000 0 $340 000 0 $375 000 0 $330 000 The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each tractor must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning ofthe production process. Conversion costs are allocated evenly throughout production. Townsend Tractor uses weighted-average costing. Data for the Assembly Department for April 2018 are: Work in process, beginning inventory 400 units Direct materials (100% complete) Conversion costs (40% complete) Units started during April 1200 units Work in process, ending inventory: 250 units Direct materials (100% complete) Conversion costs (80% complete) Costs forApril 201 8: Work in process, beginning inventory: Direct materials $230 000 Conversion costs $220 000 Direct materials costs added duringjune $700 000 Conversion costs added duringjune $1 175 000 What is the direct materials cost per equivalent unit during April? 0 $1241.94 0 $1250.00 0 $575.00 0 $581.25 The Swiss Clock Shop manufactures clocks on a highly automated assembly line. lts costing system uses two cost categories, direct materials and conversion costs. Each product must pass through the Assembly Department and the Testing Department. Direct materials are added at the beginning ofthe production process. Conversion costs are allocated evenly throughout production. Swiss Clock Shop uses weighted-average costing. Data for the Assembly Department for june 2018 are: Work in process, beginning inventory 250 units Direct materials (100% complete) Conversion costs (50% complete) Units started duringJune 800 units Work in process, ending inventory: 150 units Direct materials (100% complete) Conversion costs (75% complete) Costs for june 2018: Work in process, beginning inventory: Direct materials $180 000 Conversion costs $270 000 Direct materials costs added duringJune $1 000 000 Conversion costs added duringjune $1 000 000 What amount of direct materials costs is assigned to the ending Work-in-Process account forjune? 0 $168 571.50 0 $236 850 0 $283 552.50 0 $259 530