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QUESTIONS Kaleidoscope, Corp. uses a process costing system and has two departments: Mixing and Canning. The following information available for the period for the Mixing
QUESTIONS Kaleidoscope, Corp. uses a process costing system and has two departments: Mixing and Canning. The following information available for the period for the Mixing department, the first of the two departments: Units in Beginning WIP inventory 2,500 Units in Ending WIP inventory 1,800 Units started during the period 26,400 How many units were completed and transferred out to the Canning department during the period? a. 27,100 b.25,700 C. 28,200 d. 30,700 .e. 22,100 QUESTION 9 Move Down South, Co. is a manufacturer and uses a job order costing system. It uses a single, plantwide predetermined overhead rate based on direct labor hours (DLh). The firm estimates that fixed factory overhead will be $2,500,000 and variable factory overhead will be $1,300,000 for the upcoming period. They also estimate that direct labor hours used will be 82,600 DLh and machine hours used will be 56,000 Mh for the upcoming period. What was the predetermined overhead rate the firm used during the period (round your final answer to two decimal places)? a $67.86 per DL hour ob. $27.42 per DL hour C. $46.00 per DL hour d. $30.27 per DL hour e. $15.74 per DL hour QUESTION 10 The Brewing Department for Fine, Corp. began the current period with a beginning Work in Process (WIP) inventory balance of $92,400. During the period, the Brewing Department was assigned the following costs related to units started during the period: direct materials used, $115,000; direct labor used, S167,000; and factory overhead applied, 5188,000. Also, during the period, completed units with a cost of $414,200 were transferred out of the Brewing Department to the next department in the process. Based on this information, what would the ending WIP inventory balance for the Brewing Department be as of the end of the current period? a. $470,000 b. $148,200 C. $791,800 d. $55,800 e $36,600
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