Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help with question #2 Multiple Choice Practice 1) A production department's output for the most recent month consisted of 8,000 units completed and transferred

need help with question #2
image text in transcribed
Multiple Choice Practice 1) A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A) 6,500 units. B) 9,000 units. C) 13,000 units. D) 5,500 units. E) 10,500 units. 2) The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for August using the weighted- average inventory method. Percent of Conversion Added 60% 100% Units of Product 230,000 570,000 620,000 180,000 Beginning Work in Process Units started Units completed Ending Work in Process 100% 70% A) 758,000 B) 800,000 C) 620,000 D) 746,000 E) 884,000 Tasty Bakery produces donuts which go through two operations, mixing and baking, bef are ready to be packaged. Next year's expected costs and activities are shown below. Baking 70,000 DLH 800,000 MH $400,000 Mixing 300,000 DLH |1,000,000 MH $500,000 Direct labor hours Machine hours Overhead costs 3) Compute Tasty's departmental overhead rate for the mixing department based on hours. A) $1.50 per DLH B) $5.00 per DLH C) $0.75 per DLH D) $0.60 per DLH F) $1.67 per DLH

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing For Dummies

Authors: Maire Loughran

1st Edition

0470530715, 978-0470530719

More Books

Students also viewed these Accounting questions

Question

Who are the stakeholders of drug marketing?

Answered: 1 week ago