TB MC Qu. 4-36 Bratton Corporation had... Bratton Corporation had 12,900 units of work In process on April 1. During April, 23,600 units were completed and as of April 30, 5,430 units remained In production. How many units were started during April? Multiple Choice O 9,700. O 16,130. O 25.000. O 41,930. O None of the answers is correct.TB MC Qu. 10-63 Airon Company recently... Alron Company recently completed 12,800 units of its single product, consuming 26,000 labor hours that cost the firm $410,800. According to manufacturing specifications, each unit should have required 2 hours of labor time at $16.20 per hour. On the basis of this Information, determine Airon's total labor variance. Multiple Choice O $16.560 F O $3,920 U O $16.880 U O $3,920 F O $16.880 FTB MC Qu. 4-34 Hornsby has a single production department, and... Hornsby has a single production department, and uses a process-costing system. The balance In Its Work-In-Process account on January 1 was $68,000. The account was charged with direct materials, direct labor, and manufacturing overhead of $500,000 throughout the year. If a review of the accounting records determined that $137,000 of goods were still in production at year-end, Hornsby should make a Journal entry on December 31 that Includes: Multiple Choice O a debit to Cost of Goods Sold for $431,000. O a debit to Finished-Goods Inventory for $431.000. O a debit to Work-In-Process Inventory for $431,000. O a debit to Finished-Goods Inventory for $137,000. O a credit to Work-In-Process Inventory for $137,000.TB MC Qu. 11-63 Hope, Inc. has a standard variable overhead.. Hope, Inc. has a standard variable overhead rate of $5 per machine hour, with each completed unit expected to take 2 machine hours to produce. A review of the company's accounting records found the following: Actual variable overhead: $226,000 Variable-overhead efficiency variance: $18,800U Variable-overhead spending variance: $30,80OF How many units did Hope actually produce during the period? Multiple Choice O 15,040. O 15,760. O 23,800. O 24.520. O None of the answers is correct.TB MC Cu. 446 Warren Industries uses a process-costing... Warren Industries uses a process-costing system for Its single product, which is manufactured from Material X and Material Y. X and Y are Introduced to the product as follows: Material X: Added at the beginning of manufactunng Material Y: Added at the 80% stage of completion The company started and completed T4000 units during the periocL and had an ending workInorocess Inventory amounting to 11000 units, 30% complete. Which of the following choices correctly expresses the total equivalent units of production for Material X and Material '1'? Material X Material Y A. 3?, see 79, 199 B. 3?,683 373,683 c. 91, 800 M, 800 o. 91, 688 79, me E. 91,883 3?,633 Multiple Choice 0 Choice A Choice B Choice C Choice 0 Choice E 0000 TB MC Qu. 3-97 Use the following labor budget data... Use the following labor budget data for Roy & Miller Accounting, LLP. Partner Salaries $700, 000 Partner Benefits (30%) 210, 000 Total Partner Compensation $910, 000 Staff Accountant Salaries $700, 600 Staff Benefits (30%) 210,000 Total Staff Compensation $910, 000 The budgeted overhead cost for the year is $1,747,200. The company has estimated that one-third of the budgeted over-head cost is Incurred to support the firm's two partners, and two-thirds goes to support the staff accountants. The current audit bid for Monoco Industries requires $15,000 in direct partner professional labor, $26,000 In direct staff accountant professional labor, $5,200 In direct material. What Is the overhead rate for staff accountants, If separate rates are used for partners and staff accountants? Multiple Choice O 64% O 74% O 67.2% O 128.0% O 138%TB MC Qu. 6-97 Shum Manufacturing, which uses the high-low method, makes... Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost types (A, B, and C) and has a relevant range of operation between 2,500 units and 10,000 units per month. Per-unit costs at two different activity levels for each cost type are presented below. Type A Type B Type C Total 5,000 units $7 $18 $7 $32 7, 500 units 12 6 25 If Shum produces 10,000 units, the total cost would be: Multiple Choice O $114,000. O $88,000. O $215,000. O $143,000. O None of the answers Is correct.TB MC Qu. 8-48 Riverton Corp., which began business... Riverton Corp., which began business at the start of the current year, had the following data: Planned and actual production: 40,000 units Sales: 39,000 units at $15 per unit Production costs: Variable: $4 per unit Fixed: $296,000 Selling and administrative costs: Variable: $1 per unit Fixed: $39,000 The contribution margin that the company would disclose on a variable-costing Income statement Is: Multiple Choice $71,400. O $133,000 O $140.400. O $390.000. O None of the answers is correct.TB MC Qu. 10-61 Action Enterprises recently... Action Enterprises recently used 18,000 labor hours to produce 6,400 completed units. According to manufacturing specifications, each unit is anticipated to take two hours to complete. The company's actual payroll cost amounted to $208,800. If the standard labor cost per hour is $11.3, Action's labor rate variance Is: Multiple Choice O $5,400 U. O $5.400 F. O $5.500 U. O $5,500 F. O None of the answers Is correct.TB MC Qu. 6-82 Fulton and Sons, Inc. presently leases a copy... Fulton and Sons, Inc. presently leases a copy machine under an agreement that calls for a fixed fee each month and a charge for each copy made. Fulton made 9,000 coples and paid a total of $540 In March; In May, the firm paid $500 for 7,000 copies. The company uses the high-low method to analyze costs. Fulton's variable cost per copy is: (Round your final answer to 3 decimal places.) Multiple Choice O $0.020. O $0.031. O $0.033. O $0.036. O None of the answers is correct.TB MC Qu. 8-56 ProTech began business at the... ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conformed to expectations. Sales totaled 39,000 units at $43 each. Costs Incurred were: Variable manufacturing overhead per unit $ 19 Fixed manufacturing overhead 275,000 Variable selling and administrative cost per unit Fixed selling and administrative cost per unit 226,000 If there were no variances, the company's variable-costing Income would be: Multiple Choice O $183.000. O $240,000. O $268.500. O $741,000. O None of the answers is correct