159) The following information is provided by Galloway Company: WIP inventory, January 1 0 units Units started 22,000 units Units completed and transferred out 9,000 units WIP inventory, December 31 13,000 units Direct materials $26,500 Direct labor $12,500 Manufacturing overhead $12,000 The units were 80% complete for materials and 30% complete for conversion costs. How much are the total costs for which Galloway has to account (i.e., its total costs to account for)? A) $26,500 B) $24,500 C) $39,000 D) $51,000 160) A shampoo manufacturer offers the following information: WIP inventory, January 1 0 units Units started 25,600 units Units […]

101) Potter & Weasley Company had the following activities, estimated indirect activity costs, and allocation bases: Activities Indirect Activity Costs Allocation Base Account inquiry (hours) $86,400 2,700 Account billing (lines) $56,000 32,000 Account verification (accounts) $38,250 25,500 Correspondence (letters) $80,000 10,000 Potter & Weasley uses activity based costing. The above activities are used by Departments P and Q as follows: Department P Department Q Account inquiry (hours) 400 800 Account billing (lines) 10,000 4,000 Account verification (accounts) 6,000 7,000 Correspondence (letters) 1,000 2,000 What is the cost per driver unit for the account verification activity? A) $1.75 B) $1.50 C) […]

169) A tennis ball maker gives us its data for the year: WIP inventory, beginning 0 units Units started 8,500 units Units completed and transferred out 5,600 units WIP inventory, ending 2,900 units Direct materials $14,778 Direct labor $6,500 Manufacturing overhead $5,611 Units in ending WIP inventory were 90% complete for materials and 60% complete for conversion costs. On December 31, the total costs of units complete and transferred would be closest to A) $7,569. B) $29,325. C) $14,361. D) $19,320. 170) Raw materials purchased were $18,640 and ending inventory of raw materials was $5,200. If raw materials beginning inventory […]

11) A specification that a computing device has 100 million bytes of memory means that the device could hold up to 100 million characters. 12) A gigabyte is 1,024 terabytes. 13) An exabyte is 1,024 petabytes. 14) A terabyte is a larger unit than a petabyte. 15) A computer is faster if it has a large cache. 16) The CPU keeps rarely used instructions in the cache. 17) The CPU loads programs into the memory as chunks. 18) Constant memory swapping will reduce the speed of a computer. 19) Processing many programs at the same time needs lots of main […]

92) The Akron Slugger Company produces various types of wooden baseball bats. It has calculated the average cost per unit of a production level of 7,500 bats to be $10.00. If $22,500 of the costs are fixed, and the plant manager uses the cost equation to predict total costs, her forecast for 8,500 bats will be A) $10,000. B) $75,000. C) $85,000. D) $82,000. 93) The Maple Company has total fixed costs of $400,000. It also has $200,000 in total variable costs. These costs exist at a production level of 100,000 units. The variable cost per unit is A) $2.00. […]