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12. Which of the following products is least likely to be produced in a process manufacturing system? A. Compact disks. B. Slacks for casual wear. C. Baseball hats. D. Calculators E. Custom cabinets. 13. Which of the following characteristics does not usually apply to process manufacturing systems? A. Each unit of product is separately identifiable. B. Partially completed products are transferred between processes. C. Different managers are responsible for different processes. D. The output of all processes except the final process is an input to the next process. E. All of these are characteristics of process manufacturing systems. 14. Autumn Company applies factory overhead to its production departments based on 90% of direct labor costs. In the Assembly Department, Autumn had $125,000 of direct labor cost, and in the Finishing Department, Autumn had $35,000 of direct labor cost. The entry to apply overhead to these production departments is: A. Debit Factory OH - Assembly $112,500; debit Factory OH - Finishing $31,500; credit Goods in Process Inventory $144,000. B. Debit Factory OH $144,000; credit Goods in Process Inventory - Assembly $112,500: credit Goods in Process - Finishing $31,500. C. Debit Factory Overhead $144,000; credit Factory Payroll $144,000. D. Debit Goods in Process INV - Assembly $112,500; debit Goods in Process INV - Finishing $31,500; credit Factory OH $144,000. E. Debit Factory Payroll $144,000; credit Cash $144.000. 15. Which of the following characteristics applies to process cost accounting but not to job order cost accounting? A. Use of a predetermined overhead rate. B. Identifiable lots of production. C. Equivalent units of production. D. Labor time ticket for each employee. E. Use of a single Goods in Process Inventory account. 16. A measure of the productivity of a process with respect to its use of direct materials, direct labor, or overhead, and an expression of the activity of a process as the number of units that would have been processed during a period if all effort had been applied to units that were started and finished during the period, is called: A. Manufacturing overhead. B. Units in process. C. A job cost sheet. D. Equivalent units of production. E. Process cost summary. 17. Equivalent units of production are equal to: A. The number of units completed and transferred out plus the units in process at the end of the period adjusted for percentage complete. B. The number of finished units actually produced during a period. C. The number of units introduced into the process during a period. D. The number of units still in process at the end of a period. E. Physical units that were started and completed during a period. 18. Which of the following is the best explanation for why it is necessary to calculate equivalent units of production in a process costing environment? A. In most manufacturing environments, it is not possible to conduct a physical count of units. B. Companies often use a combination of a process costing and job order costing systems. C. In most process costing systems, direct materials are added at the beginning of the process while conversion costs are added evenly throughout the manufacturing process. D. All of the work to make a unit 100% complete and ready to move to the next stage of production or to finished goods inventory may not have been completed in a single time period. E. In most cases, there is no difference between physical units and equivalent units of production. 19. A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 10,000 units in ending goods in process inventory. The units in ending goods in process inventory were 50% complete with respect to both direct materials and conversion costs. There were 1,000 units in beginning goods in process inventory, and they were 70% 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. 10,000 units. B. 10,300 units. C. 15,000 units. D. 15,300 units. E. 10,700 units. 20. The Machining Department started the current month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following costs: direct materials, S76,000; direct labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Machining Department is: A. $13,000. B. $56,000. C. $59,000. D. $110,000 E. $165,000. 21. At the beginning of the recent period, there were 900 units of product in a department, one-third completed. These units were finished, and an additional 5,000 units were started and completed during the period. 800 units were still in process at the end of the period, one-fourth completed. Using the weighted average method, the equivalent units produced by the department were: A. 5,000 units. B. 5,900 units. C. 6,100 units. D. 5,500 units. E. 6,700 units. 22. A company uses a process cost accounting system. Its Sewing Department completed and transferred out 120,000 units during the current period. The ending inventory in the Sewing Department consists of 40,000 units (20% complete with respect to direct materials and 60% complete with respect to direct labor). Overhead is applied based on direct labor. Determine the equivalent units of production for the Sewing Department for direct materials, direct labor and overhead assuming the weighted average method. A. 120,000; 120,000; 120,000 B. 120,000; 160,000; 120,000 C. 128,000; 120,000; 120,000 D. 128,000; 144,000; 144,000 E. 128,000; 184,000; 160,000 23. A system of accounting in which the costs of each process are accumulated and then assigned to the units of product that passed through the process is a: A. General cost accounting system. B. Process cost accounting system. C. Job order cost accounting system. D. Manufacturing cost accounting system. E. Goods in process accounting system. 24. An organizational unit of a factory that has the responsibility for partially manufacturing or producing a product is called a: A. Production department. B. Service department. C. Primary department. D. Responsibility department. E. Control department. 25. In a process cost accounting system, direct material costs incurred are record A. Indirectly to a Goods in Process Inventory account. B. Indirectly to a Finished Goods Inventory account. C. Directly to a Goods in Process Inventory account. D. Directly to a Finished Goods Inventory account. E. Directly to a Cost of Goods Sold account