Boot Camp Quiz 1
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School
San Antonio College *
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Course
2033
Subject
Industrial Engineering
Date
Dec 6, 2023
Type
docx
Pages
9
Uploaded by refugioguajardo
Boot Camp Quiz 1
Instructions
Boot Camp Exam Overview
This Boot Camp Exam is designed to test your skills on solving problems. It does not replace the
need to complete the Smartbook Review, Connect HW or practice using the in class practice
sheets.
The source of the exam questions comes from your completed chapter notes and homework
exercises. This is a small sample of the type questions you may see on the calculated problem
portion of Exam 1. The multiple choice questions are not on this practice exam.
You should take the Boot Camp Exam before taking the actual exam:
Questions
- There are 20 questions on this Boot Camp Exam that consist of
calculated problems
Time
- You have 60 minutes to complete the Boot Camp Exam
Attempts:
You are limited to 8 attempts. The highest score counts
Grade
- The Boot Camp Exam is worth 16 points. Feedback will be shown once the
exm is submitted
Honor Lock Required
- Honor Lock will be used to monitor the Boot Camp Exam
Quiz
Take the Quiz Again
Attempt History
Attempt
Time
KEPT
Attempt 2
33 minutes
LATEST
Attempt 2
33 minutes
Attempt 1
47 minutes
Score for this attempt:
5.25
out of 15
Submitted Sep 20 at 11:52pm
This attempt took 33 minutes.
Question 1
0 / 0.75 pts
Leonard Company has the following costs in its manufacturing company
Factory rent
$3,673
Direct labor
6,295
Indirect materials
694
Direct materials used
6,723
Sales commissions
2,365
Factory manager’s salary
2,726
Advertising
867
What are Leonard Company's
period costs
?
You Answered
Correct Answer
3,232
Question 2
0.75 / 0.75 pts
Leonard Company has the following costs in its manufacturing company
Factory rent
$3,716
Direct labor
7,771
Indirect materials
746
Direct materials used
6,976
Sales commissions
2,160
Factory manager’s salary
2,450
Advertising
589
What are Leonard Company's
conversion cost
?
Correct!
Correct Answer
14,683
Question 3
0.75 / 0.75 pts
Assume Gasol Company has direct materials cost of $2,875, direct labor costs of $1,017,
manufacturing overhead costs of $1,423. What is Gasol's prime cost?
Correct!
Correct Answer
3,892
Question 4
0 / 0.75 pts
Parker Company makes custom chef aprons. Parker has the following costs in its
manufacturing company related to labor.
Wages paid to seamstresses
$12,312
Wages paid to sales team
19,054
Wages paid to cutters
10,924
Wages paid to the seamstress supervisor
16,602
Office manager’s salary
15,003
Sales Commissions
5,507
What are Parker Company's
direct labor costs
?
You Answered
Correct Answer
23,236
Question 5
0.75 / 0.75 pts
Job 101 has a direct materials cost of $700 and a total manufacturing cost of $3,400. Overhead is
applied to jobs at a rate of 100 percent of direct labor cost.
What is the direct labor cost?
Correct!
Correct Answer
1,350
Question 6
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0.75 / 0.75 pts
Solo Manufacturing company applies manufacturing overhead on the basis of machine hours. At
the beginning of the year, the company estimated its total overhead cost to be $126,000 and
machine hours to be 15,000. Actual manufacturing overhead was $156,500 and actual machine
hours was 19,000.
Compute the applied manufacturing overhead.
Correct!
Correct Answer
159,600
margin of error
+/-
1
Question 7
0.75 / 0.75 pts
Solo Manufacturing company applies manufacturing overhead on the basis of machine hours. At
the beginning of the year, the company estimated its total overhead cost to be $158,700 and
machine hours to be 18,600. Actual manufacturing overhead was $124,800 and actual machine
hours was 12,900.
What is the debit to manufacturing overhead?
Correct!
Correct Answer
124,800
margin of error
+/-
1
Question 8
0.75 / 0.75 pts
Parker Company had the following information for the year:
Direct materials used $ 196,468
Direct labor incurred (7,120 hours) $ 226,955
Actual manufacturing overhead incurred $ 190,111
Parker Company used a predetermined overhead rate using estimated overhead of $166,231 and
6,720 estimated direct labor hours. What are the total manufacturing costs ? (
In other words, what is
the total debit to Work in Process
?)
Correct!
Correct Answer
599,549
margin of error
+/-
2
Question 9
0 / 0.75 pts
Parker Company had the following information for the year:
Direct materials used $ 112,712
Direct labor incurred (8,320 hours) $ 177,570
Actual manufacturing overhead incurred $ 182,154
Parker Company used a predetermined overhead rate using estimated overhead of $206,266 and
6,200 estimated direct labor hours. How much overhead was applied during the year?
You Answered
Correct Answer
276,796
margin of error
+/-
2
Question 10
0 / 0.75 pts
Anderson Inc incurred $79,341 in direct labor costs (5,847 hours) and $19,383 in supervision costs (paid in
cash).
Debit to Manufacturing Overhead would be $_____________
You Answered
Correct Answer
19,383
Question 11
0 / 0.75 pts
Anderson Inc. issued $150,252 in raw materials to production (of the $150,252, $40,279 were not traceable to
specific jobs). The credit to Raw Materials Inventory would be $_____________
You Answered
Correct Answer
150,252
Question 12
0 / 0.75 pts
Ginobili Corp has the following information:
Beginning
Inventory
(1/1)
Ending
Inventory
(12/31)
Raw Materials Inventory
$ 22,342 $ 23,434
Work in Process Inventory
$ 10,797 $ 9,073
Finished Goods Inventory
$ 19,302 $ 19,543
Additional information for the year is as follows:
Raw materials purchases
$ 55,834
Direct labor
$ 44,460
Manufacturing overhead applied
$ 49,455
Indirect materials
$
2,276
Compute the
direct materials used
in production.
You Answered
Correct Answer
52,466
Question 13
0 / 0.75 pts
Ginobili Corp has the following information:
Beginning
Inventory
(1/1)
Ending
Inventory
(12/31)
Raw Materials Inventory
$ 22,760 $ 24,717
Work in Process Inventory
$ 13,405 $ 9,646
Finished Goods Inventory
$ 16,490 $ 18,025
Additional information for the year is as follows:
Raw materials purchases
$ 56,462
Direct labor
$ 41,222
Manufacturing overhead applied
$ 49,078
Indirect materials
$
2,096
Compute the
cost of goods manufactured
.
You Answered
Correct Answer
146,468
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Question 14
0 / 0.75 pts
Leonard, Inc., which uses a volume-based cost system, produces cat condos that sell for $91
each. Direct materials cost $13 per unit, and direct labor costs $23 per unit. Manufacturing
overhead is applied at a rate of 220% of direct labor cost. Nonmanufacturing costs are $22 per
unit.
What is the
cost of goods sold
per unit for the cat condos?
(Round your answer nearest whole
dollar.)
You Answered
Correct Answer
87
margin of error
+/-
0.5
Question 15
0 / 0.75 pts
Kawhi, Inc., which uses a volume-based cost system, produces cat condos, and has a gross profit margin of
37%. Direct materials cost $17 per unit, and direct labor costs $14 per unit. Manufacturing overhead is applied
at a rate of 130% of direct labor cost. Nonmanufacturing costs are $22 per unit.
How much does each cat condo sell for?
You Answered
Correct Answer
78
margin of error
+/-
2
Question 16
0 / 0.75 pts
Mills, Inc. produces two different products (Product A and Product X) using two different activities:
Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as
an activity driver. The activity rate for Machining is $24 per machine hour, and the activity rate for Inspection
is $58 per batch. The activity drivers are used as follows:
Product A
Product X
Machine hours
1,973
1,695
Number of batches
167
211
What is the amount of Machining cost assigned to Product A?
You Answered
Correct Answer
47,352
Question 17
0.75 / 0.75 pts
Mills, Inc. produces two different products (Product A and Product X) using two different activities:
Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as
an activity driver. The activity rate for Machining is $21 per machine hour, and the activity rate for Inspection
is $48 per batch. The activity drivers are used as follows:
Product A
Product X
Machine hours
1,874
1,789
Number of batches
127
392
What is the total cost of Inspection?
Correct!
Correct Answer
24,912
Question 18
0 / 0.75 pts
Amy Andrews is a CPA who works as a managerial accounting consultant for a variety of firms. To determine
her hourly rate, Amy uses a cost-plus pricing system, which she updates each year.
The hourly cost of her assistant (including taxes and benefits) is $10, the hourly cost of her office space is $4,
the hourly cost of her marketing and other overhead materials is $5, and Amy's own hourly salary (including
taxes and benefits) is $90. Amy adds a 23% premium to her costs.
What is her hourly rate using a cost-plus pricing strategy? Round your answer to the nearest dollar.
You Answered
Correct Answer
134
margin of error
+/-
1
Question 19
0 / 0.75 pts
Walnut Systems produces two different products, Product A, which sells for $124 per unit, and Product B,
which sells for $196 per unit, using three different activities: Design, which uses Engineering Hours as an
activity driver; Machining, which uses machine hours as an activity driver; and Inspection, which uses number
of batches as an activity driver. The cost of each activity and usage of the activity drivers are as follows:
Cost
Usage by Product A Usage by Product B
Design (Engineering Hours)
$
147,216
369
789
Machining (Machine Hours)
$
245,631
2,066
3,044
Inspection (Batches)
$
92,278
222
625
Calculate the activity rate for inspection.
Round to 2 decimal places
You Answered
Correct Answer
108.95
margin of error
+/-
0.5
Question 20
0 / 0.75 pts
Walnut Systems produces two different products, Product A, which sells for $124 per unit, and Product B,
which sells for $196 per unit, using three different activities: Design, which uses Engineering Hours as an
activity driver; Machining, which uses machine hours as an activity driver; and Inspection, which uses number
of batches as an activity driver. The cost of each activity and usage of the activity drivers are as follows:
Cost
Usage by Product A Usage by Product B
Design (Engineering Hours)
$
132,729
382
504
Machining (Machine Hours)
$
232,267
1,984
3,312
Inspection (Batches)
$
88,089
365
641
Determine the indirect costs assigned to Product A.
Round your final answer to the nearest dollar. (Do not round any intermediate calculations, only the
final answer)
You Answered
Correct Answer
176,199.4
margin of error
+/-
10
Quiz Score:
5.25
out of 15
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