Process Costing Weighted Average Beginning goods in process inventory (March 31) Units of product 30,000 units Percentage of completion Direct materials 100 Percentage of completion Direct labor 65 Direct materials costs $4,300 Direct labor costs $ 700 Factory overhead costs applied $ 920 Activities during the current period (April) Units started this period 90,000 units Units transferred out (completed) 100,000 units Direct materials costs $ 12,900 Direct labor costs $ 6,700 Factory overhead costs applied $ 7,680 Ending goods in process inventory (April 30) Units of product 20,000 Percentage of completion Direct materials 100 Percentage of completion Direct labor 25 Process Cost Summary Weighted Average Cost Charged to Production Costs of beginning goods in process Direct Materials Direct Labor Factory Overhead Costs incurred this period Direct materials Direct Labor Factory Overhead Total costs to account for Unit Cost Information Units to accounts for Units accounted for Beginning goods in process Completed and transferred out Units started this period Ending goods in process Total units to account for Total units accounted for Direct Direct Factory Equivalents Units of Production (EUP) Materials Labor Overhead Units completed and transferred out Units of ending goods in process Direct materials Direct labor Factory overhead Equivalent units of production Direct Direct Factory Cost per EUP Materials Labor Overhead Costs of beginning goods in process Costs incurred this period Total costs EUP Cost per EUP Cost Assignment and Reconciliation Costs transferred out (COGM) Direct materials Direct labor Factory overhead Costs of ending goods in process Direct materials Direct labor Factory overhead Total costs accounted for What is the equivalent units of production for direct materials A 105,000 B 110,000 C 115,000 D 120,000 What is the equivalent units of production for direct labor A 90,000 B 95,000 C 100,000 D 105,000 What is the equivalent units of production for factory overhead A 95,000 B 100,000 C 105,000 D 110,000 What is the cost per equivalent unit of production (4 decimals) for direct materials A 1267 B 1433 C 1742 D 1944 What is the cost per equivalent unit of production (4 decimals) for direct labor 0705 B 1145 C 1398 D 1484 What is the cost per equivalent unit of production for factory overhead A 0645 B 0995 C 0524 D 0819 What is the cost of goods manufactured A 26,890 B 27,640 C 29,571 D 32,580 What is the cost of ending goods in process A 3,115 B 3,345 C 3,629 D 3,985 Measuring Cost Behavior Month Setup Hours (X) Setup Costs (Y) January 100 $1,000 February 200 1,250 March 300 2,250 April 400 2,500 May 500 3,750 What is the variable cost per unit (3 decimals) using the high low method A $6 875 B $5 934 C $7 875 D $8 545 What is the fixed cost using the high low method A $215 55 B $245 95 C $275 25 D $312 50 What is the total cost at a level of 750 setup hours using the high low method A $5,115 45 B $5,468 75 C $6,215 55 D $6,935 85 What is the variable cost per unit using least squares regression A $4 50 B $6 75 C $7 25 D $8 95 What is the fixed cost using least squares regression A $100 B $105 C $125 D $135 What is the total cost at a level of 800 setup hours using least squares regression A $4,235 B $4,765 C $4,985 D $5,525 Cost Volume Profit Analysis Sport Caps Co manufactures and sells caps for different sporting events The fixed costs of operating the company are $160,000 per month, and the variable costs for caps are $7 50 per unit The caps are sold for $10 per unit The fixed costs provide a production capacity of up to 100,000 caps per month What is the contribution margin per cap A $1 15 B $1 50 C $2 35 D $2 50 What is the break even point in terms of the number of caps produced and sold A 75,000 B 51,000 C 55,000 D 64,000 What is the amount of net income at 90,000 caps sold per month A $65,000 B $54,000 C $72,000 D $68,500 What is the contribution margin ratio A 25 B 17 C 32 D 45 What is the break even point in terms of sales dollars A $615,000 B $640,000 C $655,000 D $675,000 What is the dollars of sales needed to provide $45,000 of after tax income, assuming an income tax rate of 20 A $825,000 B $850,000 C $865,000 D $872,000 I,m reposting these questions because i did not get the answers for all the questions I only got the answers for question 1 to 8

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Process Costing Weighted Average Beginning goods in process inventory (March 31) Units of product 30,000 units Percentage of completion Direct materials 100% Percentage of completion

Process Costing Weighted Average

Beginning goods in process inventory (March 31)

Units of product 30,000 units

Percentage of completion Direct materials 100%

Percentage of completion Direct labor 65%

Direct materials costs $4,300

Direct labor costs $ 700

Factory overhead costs applied $ 920

Activities during the current period (April)

Units started this period 90,000 units

Units transferred out (completed) 100,000 units

Direct materials costs $ 12,900

Direct labor costs $ 6,700

Factory overhead costs applied $ 7,680

Ending goods in process inventory (April 30)

Units of product 20,000

Percentage of completion Direct materials 100%

Percentage of completion Direct labor 25%

Process Cost Summary

Weighted Average

Cost Charged to Production

Costs of beginning goods in process

Direct Materials

Direct Labor

Factory Overhead

Costs incurred this period

Direct materials

Direct Labor

Factory Overhead

Total costs to account for

Unit Cost Information

Units to accounts for: Units accounted for:

Beginning goods in process Completed and transferred out

Units started this period Ending goods in process

Total units to account for Total units accounted for

Direct Direct Factory

Equivalents Units of Production (EUP) Materials Labor Overhead

Units completed and transferred out

Units of ending goods in process

Direct materials

Direct labor

Factory overhead

Equivalent units of production

Direct Direct Factory

Cost per EUP Materials Labor Overhead

Costs of beginning goods in process

Costs incurred this period

Total costs

/EUP

Cost per EUP

Cost Assignment and Reconciliation

Costs transferred out (COGM)

Direct materials

Direct labor

Factory overhead

Costs of ending goods in process

Direct materials

Direct labor

Factory overhead

Total costs accounted for

What is the equivalent units of production for direct materials?

A. 105,000

B. 110,000

C. 115,000

D. 120,000

What is the equivalent units of production for direct labor?

A. 90,000

B. 95,000

C. 100,000

D. 105,000

What is the equivalent units of production for factory overhead?

A. 95,000

B. 100,000

C. 105,000

D. 110,000

What is the cost per equivalent unit of production (4 decimals) for direct materials?

A. .1267

B. .1433

C. .1742

D. .1944

What is the cost per equivalent unit of production (4 decimals) for direct labor?

.0705

B .1145

C. .1398

D. .1484

What is the cost per equivalent unit of production for factory overhead?

A. .0645

B. .0995

C. .0524

D. .0819

What is the cost of goods manufactured?

A. 26,890

B. 27,640

C. 29,571

D. 32,580

What is the cost of ending goods in process?

A. 3,115

B. 3,345

C. 3,629

D. 3,985

Measuring Cost Behavior

Month Setup Hours (X) Setup Costs (Y)

January 100 $1,000

February 200 1,250

March 300 2,250

April 400 2,500

May 500 3,750

What is the variable cost per unit (3 decimals) using the high-low method?

A. $6.875

B. $5.934

C. $7.875

D. $8.545

What is the fixed cost using the high-low method?

A. $215.55

B. $245.95

C. $275.25

D. $312.50

What is the total cost at a level of 750 setup hours using the high-low method?

A. $5,115.45

B. $5,468.75

C. $6,215.55

D. $6,935.85

What is the variable cost per unit using least-squares regression?

A. $4.50

B. $6.75

C. $7.25

D. $8.95

What is the fixed cost using least-squares regression?

A. $100

B. $105

C. $125

D. $135

What is the total cost at a level of 800 setup hours using least-squares regression?

A. $4,235

B. $4,765

C. $4,985

D. $5,525

Cost-Volume-Profit Analysis

Sport Caps Co. manufactures and sells caps for different sporting events. The fixed costs of operating the company are $160,000 per month, and the variable costs for caps are $7.50 per unit. The caps are sold for $10 per unit. The fixed costs provide a production capacity of up to 100,000 caps per month.

What is the contribution margin per cap?

A. $1.15

B. $1.50

C. $2.35

D. $2.50

What is the break-even point in terms of the number of caps produced and sold?

A. 75,000

B. 51,000

C. 55,000

D. 64,000

What is the amount of net income at 90,000 caps sold per month?

A. $65,000

B. $54,000

C. $72,000

D. $68,500

What is the contribution margin ratio?

A. .25

B. .17

C. .32

D. .45

What is the break-even point in terms of sales dollars?

A. $615,000

B. $640,000

C. $655,000

D. $675,000

What is the dollars of sales needed to provide $45,000 of after-tax income, assuming an income tax rate of 20%.

A. $825,000

B. $850,000

C. $865,000

D. $872,000

I,m reposting these questions because i did not get the answers for all the questions. I only got the answers for question 1 to 8

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