The Assembly Department shows the following information, how many total units are to be accounted for? *

81,000 units

50,000 units

70,000 units

None of the above

The following department data are available, what is the total manufacturing cost per unit? *

$6.25

$4.50

$8.50

None of the above

The Molding Department of the Smith Company has the following production data: beginning work in process 20,000 units, started in production 340,000 units, completed and transferred out 320,000 units, and ending working process 40,000 units (40% complete). The total equivalent units for conversion costs are: *

336,000 equivalent units

344,000 equivalent units

320,000 equivalent units

None of the above

The term break-even means which of the following: *

A business makes neither a profit nor a loss

Sales revenue is the same as last year

The difference between selling price and variable cost per unit

None of the above

Which formula should be used when calculating the amount of units which must be sold to achieve a break-even point? *

(Fixed Costs+Target Net Income)/CM per unit

(Fixed Costs+Target Net Income)/CM Ratio

Fixed Costs/CM per unit

None of the above

Beginning Work in Process 20,000 units Ending Work in Process 50,000 units Units Transferred Out 31,000 units Total materials costs $240,000 Equivalent units of materials 60,000 Total conversion costs $135,000 Equivalent units of conversion costs 30,000