1. Syntec Company uses a job-order costing system and applies overhead based on direct labor dollars. Job M45 was started in March and incurred $1,950 in direct material cost, $1,780 in direct labor cost and $2,047 in applied overhead cost for the month of March. The company continued to work on the job during April with an additional $875 in direct material cost and $1,400 in direct labor cost. What was the overhead cost applied to Job M45 during April?
   1.  

1. The term given to units that represents the number of completed units that is equal, in terms of production inputs, to a given number of partially completed units is
   1. Units completed
   2. Units started and completed
   3. Equivalent units
   4. Total units in production

1. Alter, Inc. had two jobs in process on July 1, Job 851 and 853. The company uses job order costing and applies manufacturing overhead based on machine hours. The company expected 40,000 machine hours to be used during the period and expected total overhead to be $140,000.

At the end of June, Job 851 had a total job cost of $5,800 and Job 853 had a total job cost of $2,350. The company worked on four jobs during the month of July. The:

Job No.	Direct Material	Direct Labor	Machine Hours	Direct Labor Hours
851	--	$2,590	800	185
853	$8,700	$1,235	750	65
855	$3,250	$1,792	1,020	128
858	$7,900	$1,805	950	95

Actual indirect production costs incurred during July included machine depreciation ($3,500), indirect labor ($3,400), indirect materials ($1,550), and other factory costs ($1,890). Alter, Inc. completed Jobs 851, 855, and 858 during July. Jobs 851 and 858 were sold during July.

What is the total cost of goods manufactured for the company during July?

1.  

Use the following information to answer the next 2 questions:

Henry Incorporated manufactures a high volume of identical flashlights called the Illumin-8. The company reported the following for the month of August:

Physical Units

Beginning work in process, August 1 18,000

Started during the August 90,000

Ending work in process, August 31 24,000

Materials are added at the beginning of the process. The beginning inventory was 60% complete with respect to conversion, and ending inventory was 90% complete with respect to conversion.

1. What is Henry's equivalent units for materials in August using the weighted average method?
   1. What is Henry's equivalent units for conversion in August using the FIFO method?

1. 1.