Multiple Questions

Department G had 3,600 units 25% completed at the beginning of the period, 11,000 units were completed during the period; 3,000 units were 20% completed at the end of the period, and the following manufacturing costs debited to the departmental work in process account during the period:

Work in process, beginning of period	$40,000
Costs added during period:
Direct materials (10,400 units at $8)	83,200
Direct labor	63,000
Factory overhead	25,000

All direct materials are placed in process at the beginning of production and the first-in, first-out method of inventory costing is used. What is the total cost of the units started and completed during the period (round unit cost calculations to four decimal places)?

a.$20,934

b.$211,200

c.$190,275

d.$120,060

20,

The four steps necessary to complete a cost of production report in a process cost system are

1.	allocate costs to transferred and partially completed units
2.	determine the units to be assigned costs
3.	determine the cost per equivalent unit
4.	calculate equivalent units of production

The correct ordering of the steps is

2, 3, 4, 1

2, 4, 3, 1

4, 2, 3, 1

2, 3, 1, 4

26, Work in process inventory increased by $20,000 during the current year. Cost of goods manufactured was $180,000. Total manufacturing costs incurred are

$160,000

$189,000

$200,000

$198,000

31,

Given the following data:

Cost of materials used	$45,000
Direct labor costs	48,000
Factory overhead	39,000
Work in process, beg.	28,000
Work in process, end.	18,000
Finished goods, beg.	28,000
Finished goods, end.	18,000

What is cost of goods sold?

a.$152,000

b.$142,000

c.$128,000

d.$10,000

33, Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $55,000, $65,000, and $80,000, respectively. In addition, work in process at the beginning of the period for Department 1 totaled $75,000, and work in process at the end of the period totaled $60,000. The journal entry to record the flow of costs into Department 2 for applied overhead is

a.Factory OverheadDepartment 2 80,000 Work in ProcessDepartment 2 80,000

b.Work in ProcessDepartment 2 150,000 Factory OverheadDepartment 2 150,000

c.Work in ProcessDepartment 2 80,000 Factory OverheadDepartment 2 80,000

d.Work in ProcessDepartment 2 230,000 Factory OverheadDepartment 2 230,000

35,

Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to calculate Bounty' variable utilities costs per machine hour. Round your answer to the nearest cent.

	Cost	Machine Hours
March	$3,100	15,000
April	2,700	10,000
May	2,900	12,000
June	3,600	18,000

$0.67

$10.00

$0.11

$0.63

36,

The cost of production of completed and transferred goods during the period amounted to $540,000, and the finished products shipped to customers had production costs of $375,000. The entry to record the transfer of costs from finished goods to cost of goods sold is

a.Finished Goods 375,000 Cost of Goods Sold 375,000

b.Cost of Goods Sold 540,000 Finished Goods 540,000

c.Cost of Goods Sold 375,000 Finished Goods 375,000

d.Finished Goods 540,000 Cost of Goods Sold 540,000

38,

Jacob Inc. has fixed costs of $240,000, the unit selling price is $32, and the unit variable costs are $20. What are the old and new break-even sales (units) if the unit selling price increases by $4?

20,000 units and 30,000 units

7,500 units and 6,667 units

12,000 units and 15,000 units

20,000 units and 15,000 units

40,

Aspen Technologies has the following budget data:

Estimated direct labor hours	15,000
Estimated direct labor dollars	$90,000
Estimated factory overhead costs	$198,000

If factory overhead is to be applied based on direct labor hours, the predetermined overhead rate is

$2.20

$13.20

$7.50

$16.50

41,

Jensen Company reports the following:

Direct materials used	$345,000
Direct labor incurred	250,000
Factory overhead incurred	400,000
Operating expenses	175,000

Jensen Company's product costs are

a.$995,000

b.$825,000

c.$770,000

d.$920,000

Thank you.