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