Question 25

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Hamada Company uses the FIFO method in its process costing system. Beginning inventory in the mixing department consisted of 4,000 units, 50% complete with respect to conversion costs. Ending work in process inventory consisted of 3,000 units, 60% complete with respect to conversion costs. If 12,000 units were transferred to the next department during the period, the equivalent units for conversion costs would be:

a.

10,800 units

b.

11,800 units

c.

13,200 units

d.

13,000 unit

Question 26 Not yet answered Marked out of 1.00 P Flag question National company has two support departments A&B and two operating departments X&Y. for the first quarter 2021, Budgeted overhead costs before any interdepartmental costs allocations were: A $800,000, B $1,500,000, X $5,000,000 and Y $11,000,000. Support work supplied by A to B 20%, to X 50% and to Y 30%. Support work supplied by B to A 25%, to X 35% and to Y 40%. Using direct method, out of department B cost, amount allocated to department X is: a. $1,500,000 b. $800,000. c. $0. d. $700,000. Previous page Next page Jump to