Question 1

Apoly Manufacturing Company has the following production data for January.  
Instructions
Compute the physical units for January.

Accepted Answer

The answer of Apoly Manufacturing Company has the following production...

Question 2

In computing equivalent units, ___________ is not part of the equivalent units of production formula.
A) units transferred out
B) beginning work in process
C) ending work in process
D) None of these is correct.

Accepted Answer

The answer of In computing equivalent units, ___________ is not...

Question 3

Production costs chargeable to the Sanding Department in July for Joyful Art are $12,500 for materials, $26,000 for labor, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 20,000 for conversion costs.
Instructions
Compute the unit costs for materials and conversion costs.

Accepted Answer

The answer of Production costs chargeable to the Sanding Department...

Question 4

The basic similarities between job order cost and process cost systems include all of the following except the
A) manufacturing cost elements.
B) flow of costs.
C) point at which costs are totaled.
D) accumulation of the costs of materials, labor, and overhead.

Accepted Answer

The answer of The basic similarities between job order cost...

Question 5

The total costs accounted for in a production cost report equal the
A) cost of units completed and transferred out only.
B) cost of units started into production.
C) cost of units completed and transferred out plus the cost of ending work in process.
D) cost of beginning work in process plus the cost of units completed and transferred out.

Accepted Answer

The total cost accounted for in a production cost report includes both the cost of units completed and transferred out, as well as the cost of ending work in process. Therefore, choice C is correct. Choices A and B are incorrect because they only include partial costs, and choice D is incorrect because it includes the cost of beginning work in process, which should not be included in the total cost accounted for in a production cost report.

Question 6

Tomlinson Company has the following production data for May:
$\bullet$Beginning work in process, 0 units
$\bullet$Units started, 62,000
$\bullet$Ending work in process, 7,000 units that are 100% complete for materials and 60% complete for conversion costs
$\bullet$Unit materials cost, $5
$\bullet$Unit conversion cost, $10
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Accepted Answer

The answer of Tomlinson Company has the following production data...

Question 7

Tip Top Painting Company has the following production data for January:
$\bullet$Beginning work in process, 0 units
$\bullet$Units transferred out, 35,000
$\bullet$Units in ending work in process, 6,000, which are 30% complete for conversion costs
Materials are added only at the beginning of the process.
Instructions
Compute equivalent units of production for both materials and conversion costs.

Accepted Answer

The answer of Tip Top Painting Company has the following...

Question 8

In Saint-Simon, Inc., 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?
A) 0.
B) 3,000.
C) 6,000.
D) 12,000.

Accepted Answer

The answer of In Saint-Simon, Inc., the Assembly Department started...

Question 9

Which of the following statements is incorrect concerning just-in-time (JIT) processing?
A) U.S. firms are switching to JIT processing in response to foreign competition.
B) JIT manufacturing is dedicated to producing the right products at the right time as they are needed.
C) JIT strives to eliminate inventories by using a "push" approach in manufacturing.
D) JIT accounting creates a Raw and In-Process Inventory account.

Accepted Answer

JIT strives to eliminate inventories by using a "pull" approach in manufacturing, not a "push" approach. The other statements are correct- U.S. firms are adopting JIT in response to foreign competition, JIT manufacturing aims to produce the right products at the right time, and JIT accounting includes a Raw and In-Process Inventory account.

Question 10

The total units to be accounted for is computed by adding
A) beginning units in process to units transferred out.
B) ending units in process to units started into production.
C) beginning units in process to units started into production.
D) ending units in process to total units accounted for.

Accepted Answer

The total units to be accounted for includes all units that were either already in process at the beginning of the period or started into production during the period. Therefore, the correct calculation is beginning units in process plus units started into production. The options A and D include transfers out and total units accounted for, respectively, which are not factored into the calculation of the total units to be accounted for. Option B includes only the ending units in process and units started into production, which is not complete.

Question 11

The Kirkland Department of Delta Manufacturing began the month of December with beginning work in process of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units transferred out are 10,000 units. Ending work in process contains 3,000 units that are 100% complete as to materials and 60% complete as to conversion costs.
Instructions
Compute the equivalent units of production for materials and conversion costs for the month of December.

Accepted Answer

The answer of The Kirkland Department of Delta Manufacturing began...

Question 12

In a production cost report, which one of the following sections is not shown under Costs?
A) Unit costs.
B) Costs to be accounted for.
C) Costs during the period.
D) Units accounted for.

Accepted Answer

"Units accounted for" is not a section shown under Costs in a production cost report. Instead, it relates to the quantity of units being tracked through the production process, not the costs associated with them.

Question 13

Total physical units to be accounted for are equal to the units
A) started (or transferred) into production.
B) started (or transferred) into production plus the units in beginning work in process.
C) started (or transferred) into production less the units in beginning work in process.
D) completed and transferred out.

Accepted Answer

Total physical units to be accounted for include units started (or transferred) into production as well as units in beginning work in process. Therefore, to account for all units, we need to add these two together.

Question 14

Sandusky Widget Company has the following production data for March.  
Instructions
Compute the physical units for March.

Accepted Answer

The answer of Sandusky Widget Company has the following production...

Question 15

Dirt Cleaners, Inc. has the following production data for January:  
The units in ending work in process are 100% complete for materials and 60% complete for conversion costs. There is no beginning work in process. Materials cost is $8 per unit and conversion costs are $11 per unit.
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Accepted Answer

The answer of Dirt Cleaners, Inc. has the following production...

Question 16

Sequal Company has the following production data for June: units transferred out 50,000, and ending work in process 6,000 units that are 100% complete for materials and 30% complete for conversion costs. Unit materials cost is $5 and unit conversion cost is $11.
Instructions
Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Accepted Answer

The answer of Sequal Company has the following production data...

Question 17

In the Camria 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
A) the same as the units started.
B) the same as the units completed.
C) less than the units started.
D) less than the units completed.

Accepted Answer

Since materials are added at the beginning of the process, all units started would have received materials, making the equivalent units for materials costs the same as the units started.

Question 18

White Supplies' total material costs are $50,000 and total conversion costs are $65,000. Equivalent units of production for materials are 10,000, and 5,000 for conversion costs.
Instructions
Compute the unit costs for materials, conversion costs, and total manufacturing costs for the month.

Accepted Answer

The answer of White Supplies' total material costs are $50,000...

Question 19

Lowman Painting Company has the following production data for March:
$\bullet$Beginning work in process, 2,000 units
$\bullet$Units transferred out, 42,000
$\bullet$Units in ending work in process, 8,000, which are 80% complete for conversion costs
Materials are added only at the beginning of the process.
Instructions
Compute equivalent units of production for both materials and conversion costs.

Accepted Answer

The answer of Lowman Painting Company has the following production...

Question 20

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
A) $160,000.
B) $136,000.
C) $120,000.
D) $144,000.

Accepted Answer

The answer of For the Assembly Department, unit materials cost...

Quiz 21: Process Costing

Apoly Manufacturing Company has the following production data for January. Instructions Compute the physical units for January.

In computing equivalent units, ___________ is not part of the equivalent units of production formula.

The basic similarities between job order cost and process cost systems include all of the following except the

The total costs accounted for in a production cost report equal the

In Saint-Simon, Inc., 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?

Which of the following statements is incorrect concerning just-in-time (JIT) processing?

The total units to be accounted for is computed by adding

In a production cost report, which one of the following sections is not shown under Costs?

Total physical units to be accounted for are equal to the units

Sandusky Widget Company has the following production data for March. Instructions Compute the physical units for March.

In the Camria 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

White Supplies' total material costs are $50,000 and total conversion costs are $65,000. Equivalent units of production for materials are 10,000, and 5,000 for conversion costs. Instructions Compute the unit costs for materials, conversion costs, and total manufacturing costs for the month.

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