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Assignment Managerial

The document presents various scenarios related to cost and managerial accounting, focusing on the calculation of equivalent units of production and costs associated with work in process inventories. It includes multiple-choice questions for different companies, each requiring the application of accounting principles to determine outputs, costs, and completion percentages. The scenarios illustrate the complexities of managing production costs and inventory evaluations in different manufacturing contexts.

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hamse mohamed
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20 views2 pages

Assignment Managerial

The document presents various scenarios related to cost and managerial accounting, focusing on the calculation of equivalent units of production and costs associated with work in process inventories. It includes multiple-choice questions for different companies, each requiring the application of accounting principles to determine outputs, costs, and completion percentages. The scenarios illustrate the complexities of managing production costs and inventory evaluations in different manufacturing contexts.

Uploaded by

hamse mohamed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment of cost and managerial accounting

1- The Mixing Department’s output during the period


consists of 20,000 units completed and transferred
out, and 5,000 units in ending work in process 60%
complete as to materials and conversion costs. Beginning
inventory is 1,000 units, 40% complete as to
materials and conversion costs. The equivalent units
of production are:
(a) 22,600. (c) 24,000.
(b) 23,000. (d) 25,000.

2- In RYZ Company, there are zero units in beginning


work in process, 7,000 units started into production,
and 500 units in ending work in process 20% completed.
The physical units to be accounted for are:
(a) 7,000. (c) 7,500.
(b) 7,360. (d) 7,340.

3- Mora Company has 2,000 units in beginning work in


process, 20% complete as to conversion costs, 23,000
units transferred out to fi nished goods, and 3,000
units in ending work in process 331
3% complete as to
conversion costs.
The beginning and ending inventory is fully complete
as to materials costs. Equivalent units for materials
and conversion costs are, respectively:
(a) 22,000, 24,000. (c) 26,000, 24,000.
(b) 24,000, 26,000. (d) 26,000, 26,000.

4- Fortner Company has no beginning work in process;


9,000 units are transferred out and 3,000 units in
ending work in process are one-third fi nished as to
conversion costs and fully complete as to materials
cost. If total materials cost is $60,000, the unit materials
cost is:
(a) $5.00.
(b) $5.45 rounded.
(c) $6.00.
(d) No correct answer is given.

5- Largo Company has unit costs of $10 for materials


and $30 for conversion costs. If there are 2,500 units
in ending work in process, 40% complete as to conversion
costs, and fully complete as to materials cost,
the total cost assignable to the ending work in process
inventory is:
(a) $45,000. (c) $75,000.
(b) $55,000. (d) $100,000.

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