15. The last department in a production process shows the following information at the end of the period: Units 25,000 240,000 50,000 Beginning Work in Process Started into Production Ending Work in Process How many units have been transferred out to finished goods during the period? A) 215,000 B) 265,000 C) 240,000 D) 290,000. 18 (A mod (8 16. Physical units accounted for are 160,000. Total conversion costs are $387,100. There are 4,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit? A) $2.39. B) $2.42. C) $2.36. D) $2.45. Caleraubo ds brs ($300 0000 1: per ders Wot bailogs ai per Uioam's 40 odst 00,01$.E(A 17. Which of the following is not typical of traditional costing systems? A) Use of a single predetermined overhead rate. B) Assumption of correlation between direct labor and incurrence of overhead cost. C) Use of multiple cost drivers to allocate overhead. Use of direct labor hours or direct labor cost to assign overhead.1 T.SE (1 D) . . 18. Ordering materials, setting up machines, assembling products, and inspecting products are examples of A) overhead cost pools. 3onio 2.000 at etoubonn owod on B) nonmanufacturing activities. lt 9010 M n 000.01 C) direct labor costs. D) cost drivers.00 20k lo od mul wolk 02 000.00 000.008 12 (2 (A 19. An example of an activity cost pool is ot CO S 12(8 2(0 000 A) number of inspections. B) machine hours. C) number of setups. D) setting up machines. C) 2310
15. The last department in a production process shows the following information at the end of the period: Units 25,000 240,000 50,000 Beginning Work in Process Started into Production Ending Work in Process How many units have been transferred out to finished goods during the period? A) 215,000 B) 265,000 C) 240,000 D) 290,000. 18 (A mod (8 16. Physical units accounted for are 160,000. Total conversion costs are $387,100. There are 4,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit? A) $2.39. B) $2.42. C) $2.36. D) $2.45. Caleraubo ds brs ($300 0000 1: per ders Wot bailogs ai per Uioam's 40 odst 00,01$.E(A 17. Which of the following is not typical of traditional costing systems? A) Use of a single predetermined overhead rate. B) Assumption of correlation between direct labor and incurrence of overhead cost. C) Use of multiple cost drivers to allocate overhead. Use of direct labor hours or direct labor cost to assign overhead.1 T.SE (1 D) . . 18. Ordering materials, setting up machines, assembling products, and inspecting products are examples of A) overhead cost pools. 3onio 2.000 at etoubonn owod on B) nonmanufacturing activities. lt 9010 M n 000.01 C) direct labor costs. D) cost drivers.00 20k lo od mul wolk 02 000.00 000.008 12 (2 (A 19. An example of an activity cost pool is ot CO S 12(8 2(0 000 A) number of inspections. B) machine hours. C) number of setups. D) setting up machines. C) 2310
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:15. The last department in a production process shows the following information at the end
of the period:
Units
25,000
240,000
50,000
Beginning Work in Process
Started into Production
Ending Work in Process
How many units have been transferred out to finished goods during the period?
A) 215,000
B) 265,000
C) 240,000
D) 290,000.
18
(A
mod (8
16. Physical units accounted for are 160,000. Total conversion costs are $387,100. There are
4,000 units in ending inventory which are 50% complete as to conversion costs. How
much is the conversion cost per unit?
A) $2.39.
B) $2.42.
C) $2.36.
D) $2.45.
Caleraubo
ds
brs ($300
0000
1: per
ders
Wot bailogs ai
per
Uioam's
40
odst
00,01$.E(A
17. Which of the following is not typical of traditional costing systems?
A) Use of a single predetermined overhead rate.
B) Assumption of correlation between direct labor and incurrence of overhead cost.
C) Use of multiple cost drivers to allocate overhead.
Use of direct labor hours or direct labor cost to assign overhead.1
T.SE
(1
D)
. .
18. Ordering materials, setting up machines, assembling products, and inspecting products
are examples of
A) overhead cost pools.
3onio
2.000
at etoubonn owod
on
B) nonmanufacturing activities. lt
9010
M
n
000.01
C) direct labor costs.
D) cost drivers.00
20k
lo od mul
wolk
02
000.00
000.008 12 (2
(A
19. An example of an activity cost pool is ot
CO
S 12(8
2(0
000
A) number of inspections.
B) machine hours.
C) number of setups.
D) setting up machines.
C) 2310
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