Question
Question 9 During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 & ending finished goods inventory of $24,500.Beginning work-in-process was $12,000and
Question 9
During FY 2018, Towson Manufacturing had a beginning finished goods inventory of $17,000 & ending finished goods inventory of $24,500.Beginning work-in-process was $12,000and ending work-in-process was 12,500.Factory overhead was $22,500.The total manufacturing costs amounted to $294,000.Use this information to determine the FY 2018 Cost of Goods Sold. (Round enter as whole dollars only.)
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Question 10
During FY 2019, Dorchester Company plans to sell Widgets for $10 a unit. Current variable costs are $6 a unit and fixed costs are expected to total of $101,000. Use this information to determinethe number of units of Widgets for Dorchester to breakeven.(Round to the nearest whole number)
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Question 11
During FY 2019, Dorchester Company plans to sell Widgets for $15 a unit. Current variable costs are $6 a unit and fixed costs are expected to total of $129,000. Use this information to determinethe dollar value of sales for Dorchester to breakeven.(Round to the nearest whole dollar)
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Question 12
Baltimore Company uses a job order cost system and applies overhead based on estimated rates.The overhead application rate is based on total estimated overhead costs of $285,000 and direct labor hours of 9,000. During the month of February 2019, actual direct labor hours of 10,100 were incurred. Use this information to determine the amount of factory overhead that was applied in February.(round answer to the nearest whole dollar):
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Question 13
During March 2019, Annapolis Corporation recorded $40,200 of costs related to factory overhead.Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $41,700 would be incurred, and 5,500 direct labor hours would be worked.During March, 4,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.(Round answers to the nearest whole dollar.Enter as a positive number if under applied.Enter as a negative number if over applied.)
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Question 14
On May 21, 2019, Christine worked 5.5 hours on Job A-1, and 3 hours on general "overhead activities."Christine is paid $17 per hour.Overhead is applied based on $25 per direct labor hour.Additionally, on May 21 Job A-1 requisitioned and entered into production $300 of direct material.On May 21, Christine, while working on Job A-1 used $27 of indirect material.Indirect material is included in the overhead application rate.Use this information to determine thetotal cost that should have been recorded in the Work in Process for Job A-1 on May 21?Round your answer to the closest whole dollar.
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Question 15
Bethesda Company's April 1, 2019 beginning work in process was 650 units. During April an additional 2,300 units were put into production. At the end of April all units were completed except for 875 units. Use this information to determine number of units completed.
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Question 16
On March 1, 2019, Baltimore Company's beginning work in process inventory had 7,500 units. This is its only production department. Beginning WIP units were 50% complete to conversion costs. Baltimore introduces direct materials at the beginning of the production process.During March, a total of 29,600 units were started and the ending WIP inventory had 5,000 units which were 30% complete as to conversion costs.Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)
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