Question :
91. Foley Electronics Corporation manufactures and assembles electronic motor drives for : 1233985
91. Foley 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. Foley 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, $4,800,000; materials costs, $25 per unit. Planned production included 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 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. Foley 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, $4,800,000; materials costs, $25 per unit. Planned production included 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 units, and motor drives shipped amounted to 1,260 units. From the foregoing information, determine the manufacturing cost per unit. A. $292.00B. $275.00C. $333.00D. $342.00
94. Foley 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, $4,800,000; materials costs, $25 per unit. Planned production included 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 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. $325,000
95. Foley 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, $4,800,000; materials costs, $25 per unit. Planned production included 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 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. $357,500D. $400,000
96. Foley 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, $4,800,000; materials costs, $25 per unit. Planned production included 2,400 hours to produce 19,200 motor drives. Actual production for August was 1,300 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. $346,500
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.
Activity
Activity Cost
Preventive maintenance
$2,000
Warranty work
750
Product design
1,000
Prototype inspection
500
Emergency maintenance
1,250
Rework
750
Scrap processing
500
Processing returned products
750
Machine operator training
1,500
Process audits
500
From the above Schedule of Activity Cost, determine the total activity cost. A. $6,750B. $9,500C. $3,750D. $6,000
