Question : 118. A department had the following information for the month: Total : 1311652

118. A department had the following information for the month:

Total materials costs$210,000

Conversion cost per unit$3.00

Total manufacturing cost per unit$5.00

What are the equivalent units of production for materials?

a.105,000.

b.70,000.

c.42,000.

d.Cannot be determined

119.Maisley Company decided to analyze certain costs for June of the current year. Units started into production equaled 28,000 and ending work in process equaled 4,000. With no beginning work in process inventory, how much is the conversion cost per unit if ending work in process was 25% complete and total conversion costs equaled $105,000?

a.$3.30.

b.$3.75.

c.$4.20.

d.$2.10.

120.Materials costs of $800,000 and conversion costs of $1,020,000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 20,000 units were started into production in September, and there were 5,000 units in ending work in process that were 40% complete at the end of September.

What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September?

a.$1,500,000.

b.$2,000,000.

c.$1,606,500.

d.$1,365,000.

121.Materials costs of $800,000 and conversion costs of $1,020,000 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 20,000 units were started into production in September, and there were 5,000 units in ending work in process that were 40% complete at the end of September.

What was the total amount of manufacturing costs assigned to the 5,000 units in the ending work in process?

a.$455,000.

b.$500,000.

c.$320,000.

d.$200,000.

122.Mayer Company has recently tried to improve its analysis for its manufacturing process. Units started into production equaled 18,000 and ending work in process equaled 1,200 units. Mayer had no beginning work in process inventory. Conversion costs are applied equally throughout production, and materials are applied at the beginning of the process. How much is the materials cost per unit if ending work in process was 25% complete and total materials costs equaled $90,000?

a.$5.00.

b.$5.27.

c.$20.00.

d.$4.69.

123.Madison Industries has equivalent units of 8,000 for materials and for conversion costs. Total manufacturing costs are $160,000. Total materials costs are $120,000. How much is the conversion cost per unit?

a.$15.

b.$5.

c.$20.

d.$4.

124.In a process cost system, a production cost report is prepared

a.only for the first processing department.

b.for all departments in the aggregate.

c.for each processing department.

d.only for the last processing department.

125.A production cost report

a.is prepared for each product.

b.is prepared from a job cost sheet.

c.will show quantity and cost data for a production department.

d.will not identify a specific department if more than one department is involved in the production process.

126.In the production cost report, the total

a.physical units accounted for equals the costs accounted for.

b.physical units accounted for equals the units to be accounted for.

c.costs charged equals the units to be accounted for.

d.costs accounted for equals the costs of the units started into production.

127.The Cutting Department’s output during the period consists of 18,000 units completed and transferred out, and 4,000 units in ending work in process that were 25% complete as to materials and conversion costs. Beginning inventory was 2,000 units that were 25% complete as to materials and conversion costs. Under the FIFO method, what are the equivalent units of production for materials?

a.20,300

b.18,500

c.21,300

d.20,000