Question : 101. Department G had 3,600 units, one-third completed at the beginning : 1233778

101. Department G had 3,600 units, one-third completed at the beginning of the period, 12,000 units were completed during the period, 2,000 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:
 

Work in process, beginning of period

$30,000

Costs added during period:

  Direct materials (10,400 at $8)

83,200

  Direct labor

62,000

  Factory overhead

24,800

Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the material and conversion cost per unit (to the nearest penny), respectively. 
A. $5.94 and $5.86
B. $5.94 and $6.38
C. $8.00 and $8.68
D. $8.00 and $7.75

102. From the selections offered below, select the one journal entry that properly presents the application of Factory Overhead to Work in Process if the driver is Drop-Forge Strokes and the rate is $1.75 per stroke and the meter read 1,780 at the start of the day and 2,890 at the end of the day. 
A. Jan 21   Work in Process                                 1.75
                   Factory Overhead                                        1.75
B. Jan 21   Work in Process                           1,942.50
                   Depreciation Expense                             1,942.50
C. Jan 21   Work in Process                           1,942.50
                   Cash                                                     1,942.50
D. Jan 21   Work in Process                           1,942.50
                   Factory Overhead                                   1,942.50

103. The company maintains several standards for the allocation of indirect labor to factory overhead. 70% of Stockhandlers wages are allocated to Stamping and 30% to Finishing. Supervisors are allocated at 60% to Stamping and 20% to Finishing while the balance is left as a period expense due to activities outside production. Because of the ratio of production equipment to office equipment 40% of depreciation is allocated to Stamping, 30% is allocated to Finishing while the balance is left as a period expense representing office equipment.

If the stockhandlers wages are $2,750, the supervisors wages are $4,550, and the depreciation for the period is $15,000, the proper journal entry would be: 
A. Oct 31    Factory Overhead – Stamping               10,655
              Factory Overhead – Finishing                  6,235
                      Wage Expense                                                 6,390
                       Depreciation Expense                                   10,500
B. Oct 31    Factory Overhead – Stamping               10,655
              Factory Overhead – Finishing                  6,235
                      Cash                                                             16,890
C. Oct 31    Factory Overhead                               16,890
                      Cash                                                             16,890
D. Oct 31    Accounts Payable                               16,890
                      Wage Expense                                                6,390
                       Depreciation Expense                                  10,500

104. Which of the following is not a use of the cost of production report? 
A. To help managers control operations.
B. To help managers isolate problems.
C. To project production.
D. To help managers to improve operations.

105. Which of the following measures would not help managers to control and improve operations? 
A. Units produced per time period
B. Cost trends of a product
C. Yield trends
D. Commissions paid per time period

106. Just-in-time processing is a business philosophy that focuses on reducing time and cost and eliminating poor quality. This is accomplished in manufacturing and non-manufacturing processes by: 
A. moving a product from process to process as each function is completed
B. combining processing functions into work centers and cross-training workers to perform more than one function
C. having production supervisors attempt to enter enough materials into manufacturing to keep all manufacturing departments operating
D. having workers typically perform one function on a continuous basis

107. When a firm adopts a just-in-time operating environment, 
A. new, more efficient machinery and equipment must be purchased and installed in the original layout.
B. machinery and equipment are moved into small autonomous production lines called manufacturing cells.
C. new machinery and equipment must be purchased from franchised JIT dealers.
D. employees are retrained on different equipment but the plant layout generally stays unchanged.

108. Which of the following best describes the effect on direct labor when management adopts a just-in-time environment? 
A. Workers typically perform one function.
B. The environment becomes more labor intensive.
C. Each employee runs a single machine.
D. Workers are often cross-trained to perform more than one function.

109. According to the just-in-time philosophy, 
A. finished goods should always be available in case a customer wants something.
B. employees should be expert at one function rather than be cross-trained for multiple functions.
C. movement of the product and material is reduced.
D. the product moves from process to process until completion.

110. Just-in-time operations attempt to significantly reduce 
A. inspection time and processing time.
B. moving time and processing time.
C. inspection time and moving time.
D. only storage time.