Question : 81. Which of the following an example of a non-financial measure? A. lead : 1239682

81. Which of the following is an example of a non-financial measure? 
A. lead time
B. setup time
C. units scrapped
D. all of the above

82. Which of the following is best suited to providing timely and focused performance information? 
A. non-financial information
B. financial accounting information
C. cost accounting information
D. variance analysis

83. Rabbitt Co. operates in a just-in-time manufacturing environment. For June production, Rabbitt purchased 5,000 units of raw materials at $6.00 per unit on account. The journal entry required to record this transaction is: 
A. Raw and In Process Inventory    30,000
   Accounts Payable                                30,000
B. Cost of Goods Manufactured     30,000
   Accounts Payable                                30,000
C. Finished Goods                          30,000
   Accounts Payable                                30,000
D. Raw Materials Inventory            30,000
   Accounts Payable                                30,000

84. Kilbuck Manufacturing operates in a just-in-time manufacturing environment. Kilbuck’s actual conversion costs for the month of April follow:
 

Direct and indirect labor

$150,000

Machine depreciation

85,000

Maintenance and supplies

    60,000

Total conversion costs

$295,000

The journal entry to record April’s conversion costs will include: 
A. a debit to Work in Process Inventory
B. a debit to Raw Materials Inventory
C. a credit to Raw and In Process Inventory
D. a debit to Raw and In Process Inventory

85. Logan Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell. For the year planned labor and overhead was $76,800,000; materials costs, $25 per unit. Planned production included 9,600 hours to produce 76,800 motor drives. Actual production for the month of August was 5,200 units, and motor drives shipped amounted to 5,040 units. From the foregoing information, determine the budgeted cell conversion cost per hour. 
A. $8,025
B. $800
C. $7,200
D. $8,000

86. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell for the coming year. Projected labor and overhead, $7,370,000; materials costs, $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units.

From the foregoing information, determine the budgeted cell conversion cost per unit. 
A. $240.00
B. $268.00
C. $296.00
D. $1,842.50

87. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell for the coming year. Projected labor and overhead, $7,370,000; materials costs, $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units.

From the foregoing information, determine the manufacturing cost per unit. 
A. $240.00
B. $268.00
C. $296.00
D. $1,870.50

88. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell for the coming year. Projected labor and overhead, $7,370,000; materials costs, $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units.

From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August. 
A. $369,840
B. $408,480
C. $428,800
D. $473,600

89. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell for the coming year. Projected labor and overhead, $7,370,000; materials costs, $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units.

From the foregoing information, determine the production costs transferred to Finished Goods during August. 
A. $369,840
B. $408,480
C. $428,800
D. $473,600

90. Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the motor drives for several accounts. The process consists of a just-in-time cell for each customer. The following information relates only to one customer’s just-in-time cell for the coming year. Projected labor and overhead, $7,370,000; materials costs, $28 per unit. Planned production included 4,000 hours to produce 27,500 motor drives. Actual production for August was 1,600 units, and motor drives shipped amounted to 1,380 units.

From the foregoing information, determine the production costs transferred to Cost of Goods Sold during August. 
A. $369,840
B. $408,480
C. $428,800
D. $473,600