Question : 91. Logan Electronics Corporation manufactures and assembles electronic motor drives for : 1247004

91. 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. $8,800B. $800C. $7,200D. $8,000

92. 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, $5,000,000; materials costs, $30 per unit. Planned production included 2,500 hours to produce 20,000 motor drives. Actual production for August was 1,400 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the budgeted cell conversion cost per unit. A. $250.00B. $267.00C. $308.00D. $317.00

93. 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, $5,000,000; materials costs, $30 per unit. Planned production included 2,500 hours to produce 20,000 motor drives. Actual production for August was 1,400 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the manufacturing cost per unit. A. $292.00B. $280.00C. $333.00D. $342.00

94. 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, $5,000,000; materials costs, $30 per unit. Planned production included 2,500 hours to produce 20,000 motor drives. Actual production for August was 1,400 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the amount of the conversion costs charged to Raw and In Process Inventory during August. A. $440,000B. $400,000C. $360,000D. $350,000

95. 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, $5,000,000; materials costs, $30 per unit. Planned production included 2,500 hours to produce 20,000 motor drives. Actual production for August was 1,400 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the production costs transferred to Finished Goods during August. A. $346,500B. $412,500C. $392,000D. $400,000

96. 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, $5,000,000; materials costs, $30 per unit. Planned production included 2,500 hours to produce 20,000 motor drives. Actual production for August was 1,400 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the production costs transferred to Cost of Goods Sold during August. A. $357,500B. $412,500C. $400,000D. $352,800

97. Accounting for Just-In-Time operations requires fewer transactions because A. large batches of inventory are combined in a smaller number of transactionsB. costs are accumulated in departments and then transferred to the next departmentC. combined material and conversion costs are transferred to finished goods.D. costs are transferred from department to department thus allowing for better controls in costs

98. Just-In-Time accounting has fewer transactions because A. all manufacturing costs are combined in one account called Raw and In Process InventoryB. employees in production cells are required to perform various tasks, some are considered direct costs and some are indirect costs. Therefore the distinction is eliminated.C. less movement of inventory between department to department.D. All of the above.

99. The budgeted cell conversion cost rate includes which of the following? A. factory overhead onlyB. direct labor and direct materials onlyC. direct labor, direct materials, and factory overheadD. direct labor and factory overhead only

100. Schedule of Activity Costs

Quality Control Activities

Activity Cost

Process audits

$55,000

Training of machine operators

26,000

Processing returned products

18,000

Scrap processing (disposal)

29,000

Rework

8,000

Preventative maintenance

30,000

Product design

46,000

Warranty work

12,000

Finished goods inspection

22,000

From the above Schedule of Activity Costs, determine the total activity cost. A. $49,000B. $179,000C. $191,000D. $246,000