selection type

65. Using the FIFO method, the number of units started and completed in July was a. 14,250 b. 15,000 c. 13,400 d. 15,740 66. 66. Which of the following measures would not help managers to control and improve operations? a. units produced pertime period b. cost trends of a product c. yield trends d. commissions paid per time period 67. Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicate that direct materials, direct labor, and applied factory overhead for Department 1 were $100,000, $125,000, and $150,000, respectively. The records further indicate that direct materials, direct labor, and applied factory overhead for Department 2 were $50,000, $60,000, and $70,000, respectively. Department 2 has transferred-in costs of $390,000 for the current period. In addition, work in process at the beginning of the period for Department 2 totaled $75,000, and work in process at the end of the period totaled $90,000. The journal entry to record the flow of costs into Department 3 during the period is a. Work in ProcessDepartment 3 375,000 Work in ProcessDepartment 2 375,000 b. Work in ProcessDepartment 3 570,000 Work in ProcessDepartment 2 570,000 c. Work in ProcessDepartment 3 490,000 Work in ProcessDepartment 2 490,000 d. Work in ProcessDepartment 3 555,000 Work in ProcessDepartment 2 555,000 68. Insurance expense incurred on a factory building would be treated as a: a. direct cost b. period cost c. product cost d. selling cost