Question :
96.When performing incremental analysis,
A.process costing unit costs should always be : 1302713
96.When performing incremental analysis,
A.process costing unit costs should always be considered as they are incremental costs.
B.process costing unit costs should be considered as they are period costs.
C.process costing unit costs should not be considered as they comprise of both product costs and period costs.
D.all process costing unit costs should not be considered as they are sunk costs.
97.The production cost report contains the four steps listed below:
1.Assign costs to items completed and to the items remaining in Work in Process
2.Account for the amount of product cost
3.Calculate the cost per equivalent unit
4.Account for the number of physical units
Which is the correct order of these steps?
A.1, 2, 3, 4
B.4, 2, 1, 3
C.4, 2, 3, 1
D.4, 3, 1, 2
98.If beginning Work in Process inventory in the Assembly Department consists of 2,200 units, ending inventory is 1,400 units, and 17,000 units were started during the period, how many units were completed and transferred out of the Assembly Department?
A.20,600 units
B.16,200 units
C.19,200 units
D.17,800 units
99.During 2014, Cost Savers Production used a predetermined overhead rate of $1.50 per machine hour in the Cutting Department. Actual overhead for the year was $65,000. If 1,700 machine hours were used during the year, what is the correct journal entry to record the application of overhead?
A.Manufacturing Overhead—Cutting Dept.. 2,550
Work in Process—Cutting Dept. 2,550
B.Work in Process—Cutting Dept. 2,550
Manufacturing Overhead 2,550
C.Cutting Dept. Expenses 2,550
Manufacturing Overhead—Cutting Dept. 2,550
D.Finished Goods 2,550
Work in Process—Cutting Dept. 2,550
100.Wall Creations uses process costing. On June 1, its Soldering Department had 580 units in process. The department transferred 6,500 units to the next department during June and there were 670 units in process on June 30. How many units were received and started by the Soldering Department during June?
A.7,170 units
B.6,500 units
C.6,590 units
D.6,680 units
101.Creative Creations uses process costing. Its Molding Department started 21,300 units in August and transferred 23,100 units to the Cutting Department. If the ending Work in Process inventory was 880 units in the Molding Department, how many units were in process on August 1?
A.2,680 units
B.23,980 units
C.22,180 units
D.21,300 units
102.The Work in Process Inventory account decreased from 1,832 units to 1,275 units during the month. If 8,653 units were started during the month, how many units were transferred out?
A.8,096 units
B.3,107 units
C.5,546 units
D.9,210 units
103.Macklin Products uses process costing. Ending Work in Process inventory consists of 2,600 units that are 100% complete with respect to materials and 30% complete with respect to conversion costs. What are the equivalent units for materials and for conversion costs, respectively, in the ending Work in Process inventory?
A.2,600 and 780 units
B.780 and 2,600 units
C.780 and 780 units
D.2,600 and 2,600 units
104.Rally Gifts uses process costing. In its Forming Department, all the materials are added at the beginning of processing. At the end of the year, 6,000 units remain in Work in Process inventory in the department. During the year, 54,000 units were completed and transferred out and 55,000 units were started. How many equivalent units will be used in the cost per equivalent unit calculation for material costs?
A.61,000 units
B.54,000 units
C.60,000 units
D.48,000 units
105.Ending Work in Process inventory in the Assembly Department consists of 700 units that are 50% complete with respect to conversion costs. The beginning inventory consisted of 2,000 units. During the month, 6,000 units were started. How many equivalent units will be used in the cost per equivalent unit calculation for conversion costs?
A.7,650 units
B.7,300 units
C.8,000 units
D.6,700 units
