Question
q1 Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed
q1 Kurtulus Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory: | |||
Units in beginning work in process inventory | 900 | ||
Materials costs | $ | 7,300 | |
Conversion costs | $ | 2,600 | |
Percent complete with respect to materials | 55 | % | |
Percent complete with respect to conversion | 25 | % | |
Units started into production during the month | 6,800 | ||
Units transferred to the next department during the month | 6,000 | ||
Materials costs added during the month | $ | 110,400 | |
Conversion costs added during the month | $ | 83,500 | |
Ending work in process inventory: | |||
Units in ending work in process inventory | 1,700 | ||
Percent complete with respect to materials | 70 | % | |
Percent complete with respect to conversion | 55 | % | |
The total cost transferred from the first processing department to the next processing department during the month is closest to: (Round "Cost per equivalent unit" to 3 decimal places.)
Garrison 16e Rechecks 2017-08-28
Garrison 16e Rechecks 2019-08-02
Multiple Choice
-
$199,903
-
$172,710
-
$215,593
-
$190,603
q2 Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $21,000 and variable expenses of $10,050. Product X96N had sales of $34,000 and variable expenses of $16,900. The fixed expenses of the entire company were $45,960. The break-even point for the entire company is closest to:
Garrison 16e Rechecks 2019-08-02
Multiple Choice
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$45,960
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$28,050
-
$72,910
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