Question 1

Department W had 2,400 units, one-third completed at the beginning of the period; 16,000 units were transferred to Department X from Department W during the period; and 1,800 units were one-half completed at the end of the period.  Assume the completion ratios apply to direct materials and conversion costs.
What is the equivalent units of production used to compute unit conversion cost on the cost of production report for Department W? Assume the company uses FIFO.

Accepted Answer

A)   16,100 units
B)   13,600 units
C)   15,000 units
D)   18,500 unitsE) A) and B)
F) None of the above

Question 2

The three categories of manufacturing costs comprising the total cost of work in process are direct labor, direct materials, and

Accepted Answer

A)   selling expenses
B)   direct expenses
C)   accounting salaries expense
D)   factory overheadE) A) and B)
F) A) and D)

Exam 3: Process Cost Systems

Correct Answer
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The three categories of manufacturing costs comprising the total cost of work in process are direct labor, direct materials, and

Correct Answer
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Exam 3: Process Cost Systems

Correct AnswerverifiedShow Answer

The three categories of manufacturing costs comprising the total cost of work in process are direct labor, direct materials, and

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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