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Ma Final Exam

The document provides information about Darvin Company's weighted average process costing system. It states that the Welding Department began the month with 20,000 units that were 10% complete, with beginning WIP of $7,000. During the month it added 63,000 additional units and ended with 10,000 units that were 10% complete. Total conversion costs were $237,600. The question asks to calculate the equivalent units cost per unit to 3 decimal places.

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118 views6 pages

Ma Final Exam

The document provides information about Darvin Company's weighted average process costing system. It states that the Welding Department began the month with 20,000 units that were 10% complete, with beginning WIP of $7,000. During the month it added 63,000 additional units and ended with 10,000 units that were 10% complete. Total conversion costs were $237,600. The question asks to calculate the equivalent units cost per unit to 3 decimal places.

Uploaded by

Vĩnh Đạt Nguyễn
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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14.Darvin Company uses the weighted-average method in its process costing system.

The first
processing department, the Welding Department, started the month with 20,000 units in its
beginning work in process inventory that were 10% complete with respect to conversion costs. The
conversion cost in this beginning work in process inventory was $7,000. An additional 63,000 units
were started into production during the month. There were 10,000 units in the ending work in
process inventory of the Welding Department that were 10% complete with respect to conversion
costs. A total of $237,600 in conversion costs were incurred in the department during the month.
What would be the cost per equivalent unit for conversion costs for the month? (Round off to three
decimal places.)
Chọn một:

A.
$3.255

B.
$3.771

C.
$3.500

D.
$3.305
15. Boml Company uses the weighted-average method in its process costing system. The Assembly
Department started the month with 4,000 units in its beginning work in process inventory that were
20% complete with respect to conversion costs. An additional 62,000 units were transferred in from
the prior department during the month to begin processing in the Assembly Department. There were
14,000 units in the ending work in process inventory of the Assembly Department that were 30%
complete with respect to conversion costs. What were the equivalent units for conversion costs in
the Assembly Department for
the month?
Chọn một:

A.
56,200

B.
55,400

C.
72,000

D.
52,000
21. Belsky Corporation has provided the following data from its activity-based costing system:

Activity Cost Pool Total Cost Total Activity


Assembly $313,490 29,000 machine-hours
Processing orders $49,476 1,400 orders
Inspection $73,882 1,060 inspection-hours

The company makes 490 units of product Q19S a year, requiring a total of 1,080 machine-hours, 60
orders, and 20 inspection-hours per year. The product's direct materials cost is $46.42 per unit and
its direct labor cost is $20.22 per unit. According to the activity-based costing system, the average
cost of product Q19S is closest to:
Chọn một:

A.
$97.64 per unit

B.
$66.64 per unit

C.
$93.31 per unit

D.
$94.79 per unit

23. Razz Company is estimating the following sales:


July ......................... $45,000
August .................... $50,000
September .............. $65,000
October ................... $80,000
November ............... $75,000
December ............... $60,000
Sales at Razz are normally collected as follows: 10% in the month of sale; 60% in the month
following the sale; and the remaining 30% in the second month following the sale. In Razz's
budgeted balance sheet at December 31, at what amount will accounts receivable be shown?
Chọn một:

A.
$49,500
B.
$76,500

C.
$120,500

D.
$135,500

24. Use the following to answer this and next questions:


The TS Company has budgeted sales for the year as follows:
Quarter 1: 10,000 units
Quarter 2: 12,000 units
Quarter 3: 14,000 units
Quarter 4 : 16,000 units
The ending inventory of finished goods for each quarter should equal 25% of the next quarter's
budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four
pounds of raw materials are required for each unit produced. Raw materials on hand at the start of
the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal
10% of the next quarter's production needs in material.
Scheduled production for the third quarter should be:
Chọn một:

A.
14,500 units

B.
18,500 units

C.
15,500 units

D.
13,500 units
25. Scheduled purchases of raw materials for the second quarter should be:
Chọn một:

A.
50,000 pounds

B.
55,800 pounds

C.
50,800 pounds

D.
55,000 pounds
26. Mcgahen Medical Clinic measures its activity in terms of patient-visits. Last month, the budgeted
level of activity was 1,080 patient-visits and the actual level of activity was 990 patient-visits. The
clinic's director budgets for variable overhead costs of $3.30 per patient-visit and fixed overhead
costs of $10,600 per month. The actual variable overhead cost last month was $3,380 and the actual
fixed overhead cost was $8,780. In the clinic's flexible budget performance report for last month,
what would have been the variance for the total overhead cost?
Chọn một:

A.
$113 U

B.
$297 F

C.
$1,707 F

D.
$2,004 F
 
30. A product that does not cover its allocated share of general corporate administrative expenses
should be dropped
Chọn một:

A.
True

B.
False

31. Kahn Company produces and sells 8,000 units of Product X each year. Each unit of Product X
sells for $10 and has a contribution margin of $6. It is estimated that if Product X is discontinued,
$50,000 of the $60,000 in fixed costs charged to Product X could be eliminated. These data indicate
that if Product X is discontinued, overall company net operating income should:
Chọn một:
A.
increase by $2,000 per year

B.
decrease by $2,000 per year

C.
increase by $38,000 per year

D.
decrease by $38,000 per year

32. Use the following to answer this and next questions:


Regis Company makes the plugs it uses in one of its products at a cost of $36 per unit. This cost
includes $8 of fixed overhead. Regis needs 30,000 of these plugs annually, and Orlan Company has
offered to sell them to Regis at $33 per unit. If Regis decides to purchase the plugs, $60,000 of the
annual fixed overhead will be eliminated, and the company may be able to rent the facility previously
used for manufacturing the plugs.
If Regis Company purchases the plugs but does not rent the unused facility, the company would:
Chọn một:

A.
save $3.00 per unit.

B.
lose $6.00 per unit.

C.
save $6.00 per unit.

D.
lose $3.00 per unit.

33. If the plugs are purchased and the facility rented, Regis Company wishes to realize $100,000 in
savings annually. To achieve this goal, the minimum annual rent on the facility must be:
Chọn một:

A.
$10,000

B.
$40,000

C.
$70,000

D.
$190,000

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