65) It is necessary to calculate equivalent units of production in a department because
| a physical count of units is impossible. |
| some units worked on in the department are not fully complete. |
| the physical units in the department are always 100% complete. |
at times a department may use a job order cost system and then switch to a process cost system.
79) The Molding Department of Bonanza Industries has the following production data: beginning work process 30,000 units (60% complete), started into production 510,000 units, completed and transferred out 480,000 units, and ending work in process 60,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are:
| 540,000. | | 570,000. | | 450,000. | | 504,000. | |
102) Sterling Company's Assembly Department has materials cost at $4 per unit and conversion cost at $8 per unit. There are 15,000 units in ending work in process, all of which are 70% complete as to conversion costs. How much are total costs to be assigned to inventory?
| $144,000 |
| $84,400 |
| $126,600 |
| $180,000 |
105) The Packaging Department production process shows:
| Units |
| Beginning Work in Process | 10,000 |
| Ending Work in Process | 50,000 |
| Total units to be accounted for | 140,000 |
How many units were started into production in Department 1?
| 130,000 |
| 140,000 |
| 50,000 |
| 90,000 |
107) The Slicing Department shows the following information:
| Units |
| Beginning Work in Process | 20,000 |
| Ending Work in Process | 50,000 |
| Units Transferred Out | 11,000 |
How many total units are to be accounted for by the Slicing Department?
| 140,000 |
| 61,000 |
| 50,000 |
| 90,000 |
109) A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the month, how many units were started into production during the month?
| 10,000 |
| 13,000 |
| 12,000 |
| 11,000 |
118)A department had the following information for the month:
| Total materials costs | $150,000 |
| Conversion cost per unit | $3.00 |
| Total manufacturing cost per unit | $5.00 |
What are the equivalent units of production for materials?
| 75,000 |
| 50,000 |
| 30,000 |
| Cannot be determined. |
123) Spitfire Industries has equivalent units of 4,000 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?
135) A process cost system would be used by all of the following
except a(n)
| chemical company. |
| advertising company. |
| oil company. |
| computer chip company. |
138) Equivalent units of production are a measure of
| the work done in a period expressed in fully completed units. |
| units transferred out. |
| units in ending work in process. |
| units completed and transferred out. |
141) In Valencia Manufacturing, the Assembly Department started 18,000 units and completed 21,000 units. If beginning work in process was 9,000 units, how many units are in ending work in process?
142) The total units to be accounted for is computed by adding
| beginning units in process to units transferred out. |
| ending units in process to total units accounted for. |
| beginning units in process to units started into production. |
| ending units in process to units started into production. |
143) In the Lockard Manufacturing Company, materials are entered at the beginning of the process. If there is no beginning work in process, but there is an ending work in process inventory, the number of equivalent units as to materials costs will be
| less than the units started. |
| the same as the units started. |
| the same as the units completed. |
| less than the units completed |
144) For the Assembly Department, unit materials cost is $8 and unit conversion cost is $12. If there are 8,000 units in ending work in process 75% complete as to conversion costs, the costs to be assigned to the inventory are
| $136,000. |
| $160,000. |
| $120,000. |
| $144,000. |
145) The total costs accounted for in a production cost report equal the
| cost of units started into production. |
| cost of units completed and transferred out only. |
| cost of beginning work in process plus the cost of units completed and transferred out. |
| cost of units completed and transferred out plus the cost of ending work in process. |