Vallin Manufacturing Corporations beginning work in process inventory consisted of 8,600 units, 100% complete with respect to materials cost and 60% complete with respect to conversion costs. The total cost in the beginning inventory was $42,000. During the month, 46,000 units were transferred out. The equivalent unit cost was computed to be $3.10 for materials and $3.60 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

Multiple Choice

• $244,000

• $245,600

• $308,200

• $316,000

Navern Corporation manufactures and sells custom home elevators. From the time an order is placed until the time the elevator is installed in the customers home averages 96 days. This 96 days is spent as follows:

Wait time	18	days
Inspection time	15	days
Process time	25	days
Move time	24	days
Queue time	14	days

What is Navern's manufacturing cycle efficiency (MCE) for its elevators?

Multiple Choice

• 58.3%

• 32.1%

• 41.7%

• 56.3%

Virgen Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During May, the kennel budgeted for 3,700 tenant-days, but its actual level of activity was 3,690 tenant-days. The kennel has provided the following data concerning the formulas used in its budgeting and its actual results for May:

Data used in budgeting:

	Fixed Element per Month			Variable element per tenant-day
Revenue		-		$	26.40
Wages and salaries	$	2,500		$	6.10
Food and supplies		1,300			9.70
Facility expenses		8,600			2.60
Administrative expenses		6,800			0.40
Total expenses	$	19,200		$	18.80

Actual results for May:

Revenue	$	92,626
Wages and salaries	$	23,919
Food and supplies	$	37,833
Facility expenses	$	18,594
Administrative expenses	$	8,386

The administrative expenses in the planning budget for May would be closest to:

Garrison 16e Rechecks 2018-06-07

Multiple Choice

• $8,409

• $8,280

• $8,276

• $8,386

Dearden Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $144,000, variable manufacturing overhead of $2.00 per machine-hour, and 60,000 machine-hours. The predetermined overhead rate is closest to:

Multiple Choice

• $6.40 per machine-hour

• $2.00 per machine-hour

• $4.40 per machine-hour

• $2.40 per machine-hour