Question :
126.Heinz Bottling Company produces various glass and plastic containers and : 1302716
126.Heinz Bottling Company produces various glass and plastic containers and uses a process costing system. The following information relates to production in the Formulating Department during January for the company’s 2-quart size glass jars:
?Beginning Work in Process inventory: 4,500 units, 85% complete as to conversion costs
?Beginning Work in Process inventory—cost of direct materials, $18,000
?Beginning Work in Process inventory—costs of conversion, $14,000
?Number of jars started in January: 270,000 units
?Ending Work in Process Inventory: 2,000 units, 35% complete as to conversion
?Direct materials added during January: $78,075
?Conversion costs incurred during January: $40,700
Direct materials are added at the beginning of the Formulating process, and conversion costs are incurred uniformly throughout production. How many glass jars were completed during January?
A.268,000 units
B.272,500 units
C.274,500 units
D.272,000 units
127.Heinz Bottling Company produces various glass and plastic containers and uses a process costing system. The following information relates to production in the Formulating Department during January for the company’s 2-quart size glass jars:
?Beginning Work in Process inventory: 4,500 units, 85% complete as to conversion costs
?Beginning Work in Process inventory—cost of direct materials, $18,000
?Beginning Work in Process inventory—costs of conversion, $14,000
?Number of jars started in January: 270,000 units
?Ending Work in Process inventory: 2,000 units, 35% complete as to conversion
?Direct materials added during January: $78,075
?Conversion costs incurred during January: $40,700
Direct materials are added at the beginning of the Formulating process, and conversion costs are incurred uniformly throughout production. How much is the total cost to account for during January?
A.$118,775
B.$320,000
C.$149,600
D.$150,775
128.Heinz Bottling Company produces various glass and plastic containers and uses a process costing system. The following information relates to production in the Formulating Department during January for the company’s 2-quart size glass jars:
?Beginning Work in Process inventory: 4,500 units, 85% complete as to conversion costs
?Beginning Work in Process inventory—cost of direct materials, $18,000
?Beginning Work in Process inventory—costs of conversion, $14,000
?Number of jars started in January: 270,000 units
?Ending Work in Process inventory: 2,000 units, 35% complete as to conversion
?Direct materials added during January: $78,075
?Conversion costs incurred during January: $40,700
Direct materials are added at the beginning of the Formulating process, and conversion costs are incurred uniformly throughout production. How much is the cost per equivalent unit for materials?
A.$0.35
B.$0.55
C.$0.20
D.$0.45
129.Heinz Bottling Company produces various glass and plastic containers and uses a process costing system. The following information relates to production in the Formulating Department during January for the company’s 2-quart size glass jars:
?Beginning Work in Process inventory: 4,500 units, 85% complete as to conversion costs
?Beginning Work in Process inventory—cost of direct materials, $18,000
?Beginning Work in Process inventory—costs of conversion, $14,000
?Number of jars started in January: 270,000 units
?Ending Work in Process inventory: 2,000 units, 35% complete as to conversion
?Direct materials added during January: $78,075
?Conversion costs incurred during January: $40,700
Direct materials are added at the beginning of the Formulating process, and conversion costs are incurred uniformly throughout production. How much is the total cost accounted for?
A.$118,775
B.$320,000
C.$149,600
D.$150,775
130.Hair Shine Company produces Shine Bright shampoo and uses a process costing system. Conversion costs are added evenly throughout the production process. The following information is available for March for the Mixing Department:
Units in process, March 1 (40% complete) 200
Units started in March 1,000
Units in process, March 31 (80% complete) 250
Conversion costs in Work in Process, March 1:
Labor $ 38,000
Overhead 8,000
Labor costs during March (5,100 hours) 102,780
Overhead applied during March 49,020
How many units were completed in the Mixing Department during March?
A.950 units
B.1,200 units
C.1,000 units
D.1,050 units
131.Hair Shine Company produces Shine Bright shampoo and uses a process costing system. Conversion costs are added evenly throughout the production process. The following information is available for March for the Mixing Department:
Units in process, March 1 (40% complete) 200
Units started in March 1,000
Units in process, March 31 (80% complete) 250
Conversion costs in Work in Process, March 1:
Labor $ 38,000
Overhead 8,000
Labor costs during March (5,100 hours) 102,780
Overhead applied during March 49,020
What is the cost per equivalent unit for conversion costs in March?
A.$132.00
B.$164.82
C.$172.00
D.$367.25
132.Hair Shine Company produces Shine Bright shampoo and uses a process costing system. Conversion costs are added evenly throughout the production process. The following information is available for March for the Mixing Department:
Units in process, March 1 (40% complete) 200
Units started in March 1,000
Units in process, March 31 (80% complete) 250
Conversion costs in Work in Process, March 1:
Labor $ 38,000
Overhead 8,000
Labor costs during March (5,100 hours) 102,780
Overhead applied during March 49,020
What is the amount of conversion costs included in units completed during March?
A.$197,800
B.$163,400
C.$125,400
D.$348,890
