14 7 questions 1 sss company produces calendars in a one department process the foll 4307847

14.7   Questions

1) SSS Company produces calendars in a one-department process.  The following data is available for the past month:

Work-in-process inventory, beginning0

Units started15,000

Units completed and transferred12,000

Units in ending inventory3,000

Direct materials added$30,000

Direct labor$20,700

Factory overhead costs$10,350

The units in process at the end of the month are 100 percent complete with respect to materials and 60 percent complete with respect to conversion costs.  What are the total costs to account for?

A) $20,700

B) $30,000

C) $50,700

D) $61,050

2) Happy Company manufactures tape dispensers.  The Assembly Department reported the follow data for the past month:

Units started and completed70,000

Units started and not complete10,000

Units in beginning inventory0

Direct materials costs$560,000

Conversion costs$240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 60 percent complete with respect to conversion costs.  The unit cost of direct materials is ________.

A) $1.67

B) $3.32

C) $6.86

D) $7.00

3) Gilmore Company manufactures tape dispensers.  The Assembly Department reported the follow data for the past month:

Units started and completed70,000

Units started and not complete10,000

Units in beginning inventory0

Direct materials costs$480,000

Conversion costs$240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 40 percent complete with respect to conversion costs.  The unit cost of conversion costs is ________.

A) $3.00

B) $3.24

C) $3.42

D) $24.00

4) Whipit Company manufactures tape dispensers.  The Assembly Department reported the follow data for the past month:

Units started and completed70,000

Units started and not complete10,000

Units in beginning inventory0

Direct materials costs$480,000

Conversion costs$240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs.  The cost of one completed unit in the Assembly Department is ________.

A) $9.00

B) $9.20

C) $9.47

D) $10.29

5) Referee Company manufactures tape dispensers.  The Assembly Department reported the follow data for the past month:

Units started and completed70,000

Units started and not complete10,000

Units in beginning inventory0

Direct materials costs$480,000

Conversion costs$240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs.  The total cost of units completed and transferred is ________.

A) $630,000

B) $644,000

C) $690,000

D) $720,000

6) Carnival Company manufactures tape dispensers.  The Assembly Department reported the follow data for the past month:

Units started and completed70,000

Units started and not complete10,000

Units in beginning inventory0

Direct materials costs$480,000

Conversion costs$240,000

The partially complete units at the end of the month were 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs.  The total cost of ending work-in-process inventory is ________.

A) $60,000

B) $76,000

C) $90,000

D) $91,600

7) Broderick Company manufactures phones in a two-department process that involve Assembly andFinishing.  The Assembly Department reported the follow data for the past month:

Direct materials added$336,000

Direct labor460,000

Factory overhead204,000

Total costs to account for$1,000,000

Units started80,000

Units completed and transferred67,200

Units not complete12,800

Units in beginning inventory0

The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.  The journal entry to record the requisition of direct materials for the Assembly Department includes a debit to ________.

A) Direct Materials Inventory for $336,000

B) Work-in-Process Inventory, Finishing for $336,00

C) Work-in-Process Inventory, Assembly for $336,000

D) Finished Goods Inventory for $336,000

8) Matthew Company manufactures phones in a two-department process that involve Assembly and Finishing.  The Assembly Department reported the follow data for the past month:

Direct materials added$336,000

Direct labor460,320

Factory overhead204,000

Total costs to account for$1,000,320

Units started80,000

Units completed and transferred67,200

Units not complete12,800

Units in beginning inventory0

The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.  The unit cost of conversion costs is ________.

A) $3.00

B) $6.00

C) $8.65

D) $9.00

9) Help Inc. manufactures phones in a two-department process that involve Assembly and Finishing.  The Assembly Department reported the follow data for the past month:

Direct materials added$336,000

Direct labor460,800

Factory overhead230,400

Total costs to account for$1,027,200

Units started80,000

Units completed and transferred67,200

Units not complete12,800

Units in beginning inventory0

The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.  The cost of a finished unit is ________.

A) $12.84

B) $13.20

C) $15.29

D) $17.20

10) Baker Company manufactures phones in a two-department process that involve Assembly and Finishing.  The Assembly Department reported the follow data for the past month:

Direct materials added$336,000

Direct labor460,800

Factory overhead230,400

Total costs to account for$1,027,200

Units started80,000

Units completed and transferred67,200

Units not complete12,800

Units in beginning inventory0

The partially complete units at the end of the month were 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs.  The journal entry to record the units completed and transferred to the Finishing Department includes ________.

A) debit to Work-in-Process Inventory, Finishing for $862,848

B) credit to Work-in-Process Inventory, Finishing for $862,848

C) debit to Work-in-Process Inventory, Assembly for $887,040

D) credit to Work-in-Process Inventory, Assembly for $887,040