Chapter 04 Practice Test I •prov I Question #1 (of 22 ... · PDF fileChapter 04 Practice Test •prov I Question #1 (of 22) , ,.. , next _.. 1 . value: 10.00 points In a process

Chapter 04 Practice Test

•prov I Question #1 (of 22) , ,.. , next _..

1 . value: 10.00 points

In a process costing system, the journal entry used to record the transfer of units from Department A, a processing department, to Department 8, the next processing department, includes a debit to:

0 Work in Process - Department A and a credit to Work in Process - Department B.

® Work in Process - Department B and a credit to Work in Process - Department A.

0 Work in Process - Department B and a credit to Materials.

0 Finished Goods and a credit to Work in Process - Department B.

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-'4 prov I Question #2 (of 22) , ,.. , next _..

2. value: 10.00 points

The Heat Treatment Department at Northern Pipe is the th ird department in a sequential process. The work in process account for the department would consist of:

0 costs transferred in from the prior department

0 materials costs added in the heat treatment department

0 conversion costs added in the heat treatment department

® all of the above


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The Mixing Department of Deerdon Company started 8,200 units into process during the month. 1,350 units were in the beginning inventory and 810 units were in the ending inventory. How many units were completed and transferred out during the month?

® 8,740

0 7,660

0 9,550

0 9,010

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Last month the Welding Department of Eager Company started 10,200 units into production. The department had 2,550 units in process at the beginning of the month, which were 60% complete with respect to conversion costs, and 4, 100 units in process at the end of the month, which were 30°/o complete with respect to conversion costs. A total of 8,650 units were completed and transferred to the next department during the month. Using the weighted-average method, the equivalent units of production for conversion costs for the month would be:

0 11,975

0 11,730

® 9,880

0 10,700


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At the beginning of the month, 220 units were in process in the Stamping Department and they were 70o/o complete with respect to materials. During the month 2,024 units were transferred to the next department. At the end of the month, 110 units were still in process and they were 60°/o complete with respect to materials. The materials cost in the beginning work in process inventory was $2,836 and $39,800 of materials costs were added during the month. Using the weighted-average method, what is the cost per equivalent unit for materials costs?

0 $19.00

® $20.40

0 $20.50

0 $19.66


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Addingly Company uses the weighted-average method in its process costing system. The following information pertains to one of its processing departments for the current month: (Round your answer to 2 decimal places.)

Beginning work in process Started during the month Units completed Ending work in process

Number of Cost of Units Materials 60,200 $21,000

160,800 $ 56,400 170,000 51,000

All materials are added at the beginning of the process. The cost per equivalent unit for materials is closest to:

0 $0.26.

@ $0.35.

0 $0.46.

0 $1.52.

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The Weaving Department of a company had $36,050 of conversion cost in its beginning work in process inventory and added $115,000 of conversion cost during the month. The department completed 51,450 units during the month and had 18,500 units in the ending work in process inventory that were 30°/o complete with respect to conversion cost. Using the weighted-average method, the amount of cost assigned to the units in ending inventory would be: (Do not round intermediate calculations. Round your final answer to nearest dollar value.)

0 $34,318

0 $11,197

0 $39,960

® $14,708


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Erie Company uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory consisted of 54,000 units. The units in the ending work in process inventory were 50°/o complete with respect to materials and 30o/o complete with respect to labor and overhead. If the costs per equivalent unit for the current period were $9.5 for materials and $12.5 for labor and overhead, the total cost assigned to the ending work in process inventory was: (Do not round intermediate calculations.)

0 $594,000.

® $459,000.

0 $491,400.

0 $391,500.


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In April, one of the processing departments at Harvey Corporation had beginning work in process inventory of $19,000 and ending work in process inventory of $33,000. During the month, the cost of units transferred into the department was $420,000. In the department's cost reconciliation report for April, the total cost to be accounted for would be:

0 $453,000.

0 $420,000.

® $439,000.

0 $472,000.

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In September, one of the processing departments at Shenkel Corporation had beginning work in process inventory of $18, 700 and ending work in process inventory of $32,400. During the month, the cost of units transferred out from the department was $314,000. In the department's cost reconciliation report for September, the total cost accounted for would be:

0 $332,700.

0 $365,100.

® $346,400.

0 $51,100.


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-'4 prov I Question # 11 (of 22) , ,.. , next _..


Last month the Welding Department of Eager Company started 10,800 units into production. The department had 2, 700 units in process at the beginning of the month, which were 60% complete with respect to conversion costs, and 4,400 units in process at the end of the month, which were 30°/o complete with respect to conversion costs. A total of 9, 100 units were completed and transferred to the next department during the month. Using the FIFO method, the equivalent units of production for conversion costs for the month would be:

0 10,560

0 11,100

0 9,400

® 8,800


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During the current year, the following manufacturing activity took place for a company's products. (Do not round intermediate calculations.)

Beginning work-in-process, 70% complete 10, 700 units

Units started into production during the year 157 ,000 units

Units completed during the year Ending work-in-process, 25% complete

145,600 units 22, 100 units

What was the number of equivalent units produced using the first-in, first-out method?

0 157,000

0 145,600

0 151,125

® 143,635

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Mercer Corp. uses the FIFO method in its process costing system. The Cutting Department had $12,500 of materials cost in its beginning work in process inventory and $83,070 in materials cost was added during the period. The equivalent units of production for materials for the period was 21,300. The cost per equivalent unit for materials would be:

@ $3.90

0 $4.49

0 $1.70

0 $.59


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Materials costs of $95, 100 and conversion costs of $104,500 were added to the Packaging Department during March. The equivalent units of production for materials were 40,000 and the equivalent units of production for conversion were 38,200. The total cost per equivalent unit of production for March was: (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

0 $2.38

0 $2.74

® $5.11

0 $2.55


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The Packaging Department's Work in Process account had a beginning balance of $18,000 on March 1. There were 3,600 units on hand at the beginning of March; those units were 100°/o complete as to materials and 40o/o complete as to conversion. A total of 40,000 units were started and completed during the month. Equivalent unit costs for the month of March were $2.32 for materials and $2.71 for conversion for a total cost per equivalent unit of $5.03. The costs transferred to the next department during the month totaled: (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)

0 $23,854

0 $201,200

0 $18,000

® $225,054


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There were 8,400 units on hand at the end of March; those units were 50% complete as to materials and 25o/o complete as to conversion. Equivalent unit costs for the month of March were $2.30 for materials and $2.70 for conversion for a total cost per equivalent unit of $5.00. The cost of the units in ending inventory at the end of March was: (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.)

0 $5,670

0 $42,000

0 $9,660

® $15,330

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In January, one of the processing departments at Tyler Corporation had beginning work in process inventory of $9,400 and ending work in process inventory of $16,300. During the month, the cost of units transferred into the department was $208,000. In the department's cost reconciliation report for January, the total cost to be accounted for would be:

0 $224,300.

0 $233,700.

® $217,400.

0 $208,000.


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In June, one of the processing departments at Granite Corporation had beginning work in process inventory of $29,200 and ending work in process inventory of $35,300. During the month, the cost of units transferred out from the department was $202,000. In the department's cost reconciliation report for June, the total cost accounted for would be:

0 $231,200.

0 $266,500.

0 $64,500.

® $237,300.


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Oscar Company has two service departments, Personnel and Custodial, and two operating departments, A and B. Budgeted data for the current year appear below (Do not round intermediate calculations. Round your final answer to the nearest dollar amount.):

Overhead costs Employees Space occupied (OOOs of square feet)

Service Departments

Personnel Custodial $ 950 $ 750

2 24 23 13

Operating Departments A B

$ 2,300 $ 5,600 36 59 43 86

Personnel costs are allocated on the basis of employees. Custodial costs are allocated on the basis of space occupied. The company makes no distinction between fixed and variable costs in its service department allocations. If the direct method of service department allocation is used, how much Personnel Department cost would be allocated to Operating Department A?

0 $283

® $360

0 $0

0 $950


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Oscar Company has two service departments, Personnel and Custodial, and two operating departments, A and B. Budgeted data for the current year appear below:


Service Departments

Personnel Custodial $1,200 $1,000

4 24 16 6


$2,800 $6,600 46 74 36 72

Personnel costs are allocated on the basis of employees. Custodial costs are allocated on the basis of space occupied. The company makes no distinction between fixed and variable costs in its service department allocations. If the direct method of service department allocation is used, how much Personnel Department cost would be allocated back to the Personnel Department?

0 $32

0 $1,200

@ $0

0 $300

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Oscar Company has two service departments, Personnel and Custodial, and two operating departments, A and B. Budgeted data for the current year appear below (Do not round intermediate calculations. Round your final answer to 2 decimal places.):


Service Departments

Personnel Custodial $1,550 $1,350

2 18 19 9


$3,500 $8,000 40 32 39 78

Personnel costs are allocated on the basis of employees. Custodial costs are allocated on the basis of space occupied. The company makes no distinction between fixed and variable costs in its service department allocations. If the step-down method of service department allocation is used and Personnel Department costs are allocated first, how much Personnel Department cost would be allocated to the Custodial Department?

® $310.00

0 $0

0 $303.26

0 $387.50


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-'4 prov I Question #22 (of 22) I.,.. I next ~


Oscar Company has two service departments, Personnel and Custodial, and two operating departments, A and B. Budgeted data for the current year appear below:


Service Departments

Personnel Custodial $1,000 $ 800

3 26 24 14


$2,400 $5,800 38 62 44 88

Personnel costs are allocated on the basis of employees. Custodial costs are allocated on the basis of space occupied. The company makes no distinction between fixed and variable costs in its service department allocations. If the step-down method of service department allocation is used and Personnel Department costs are allocated first, how much Custodial Department cost would be allocated to the Personnel Department?

0 $112.94

® $0

0 $123.08

0 $200.00


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Chapter 04 Practice Test I •prov I Question #1 (of 22 ... · PDF fileChapter 04 Practice Test •prov I Question #1 (of 22) , ,.. , next _.. 1 . value: 10.00 points In a process