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Ch 17 quiz

Byrd Company decided to analyze certain costs for June of the current year
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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 $35,000? $2
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00

Department 1 of a two department production process shows:

Units
Beginning Work in Process
10,000
Ending Work in Process
50,000
Total units to be accounted for
160,000
How many units were transferred out to Department 2? 110,000

A process with 1,600 units of beginning work in process, completed and transferred out
20,000 units during a period
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Materials are added 80% at the beginning of the
process and 20% when the units are 90% complete
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T

The Molding Department of Kennett Company has the following production data: beginning
work in process 25,000 units (60% complete), started into production 425,000 units,
completed and transferred out 400,000 units, and ending work in process 50,000 units (40%
complete)
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The Milling Department logs
1,800 machine hours and Cutting Department shows 3,000 machine hours for the period
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Total manufacturing costs are $160,000
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How much is
the conversion cost per unit? $5

Gloria Company had no beginning work in process
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How many units were
started into production? 13,200

A process cost system would be used by all of the following except a(n)
Advertising company

The first step performed in preparing a production cost report is computing the equivalent
units of production
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60

The Molding Department of Boswell Company has the following production data: beginning
work process 40,000 units (60% complete), started into production 680,000 units,
completed and transferred out 640,000 units, and ending work in process 80,000 units (40%
complete)
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For the month of January, there were
no units in the beginning work in process inventory; 80,000 units were started into
production in January; and there were 20,000 units that were 40% complete in the ending
work in process inventory at the end of January
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F

In a process cost system, costs are tracked through a series of connected manufacturing
processes or departments, rather than by individual jobs
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Units started
into production equaled 28,000 and ending work in process equaled 4,000
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20

In a process cost system, a production cost report is prepared for each processing
department
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60

In the month of June, a department had 20,000 units in beginning work in process that were
70% complete
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At the end of June there were 10,000 units in ending work in process that were
40% complete
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The equivalent units of production for
materials for June were 100,000 equivalent units

Equivalent units of production are used to determine the cost per unit of completed
products
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Materials are added at the beginning of the
process, while conversion costs are incurred uniformly throughout the process
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What was the total amount of manufacturing costs assigned to those units that were
completed and transferred out of the process in September? $977,500
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There are no units in process at the beginning of the period, 1,500 units in process at the
end of the period that are 40% complete, and 15,000 units transferred out during the

period
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F

Which of the following manufacturing cost elements occurs in a process cost system? DL,
DM, MOH

Separate work in process accounts are maintained for each production department or
manufacturing process in a process cost system
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Units started into production equaled 18,000 and ending work in process equaled 1,200
units
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Conversion costs are applied
equally throughout production, and materials are applied at the beginning of the process
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00

Price Company assigns overhead based on machine hours
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If
the overhead rate is $5 per machine hour, the entry to assign overhead will show a credit to
Manufacturing Overhead for $24,000

A production cost report is an internal document for management that shows production
quantity and cost data for a particular job
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A department adds raw materials to a process at the beginning of the process and incurs
conversion costs uniformly throughout the process
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What were the equivalent units of
production for materials for the month of January? 80,000 equivalent units

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