Reference no: EM132685465
Questions -
Question 1 - During March 2019, Annapolis Corporation recorded $42,000 of costs related to factory overhead. Alpha's overhead application rate is based on direct labor hours. The preset formula for overhead application estimated that $41,300 would be incurred, and 4,500 direct labor hours would be worked. During March, 5,750 hours were actually worked. Use this information to determine the amount of factory overhead that was (over) or under applied.
Question 2 - On May 21, 2019, Christine worked 5.0 hours on Job A-1, and 3 hours on general "overhead activities." Christine is paid $14 per hour. Overhead is applied based on $20 per direct labor hour. Additionally, on May 21 Job A-1 requisitioned and entered into production $160 of direct material. On May 21, Christine, while working on Job A-1 used $27 of indirect material. Indirect material is included in the overhead application rate. Use this information to determine the total cost that should have been recorded in the Work in Process for Job A-1 on May 21?
Question 3 - Bethesda Company's April 1, 2019 beginning work in process was 750 units. During April an additional 2,500 units were put into production. At the end of April all units were completed except for 875 units. Use this information to determine number of units completed.
Question 4 - On March 1, 2019, Baltimore Company's beginning work in process inventory had 6,500 units. This is its only production department. Beginning WIP units were 50% complet as to conversion costs. Baltimore introduces direct materials at the beginning of the production process. During March, a total of 20,200 units were started and the ending WIP inventory had 7,800 units which were 60% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
Question 5 - On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 39,000 units were started. At the end of the month all started units were 60% complete with respect to conversion. Direct Materials placed into production had a total cost of $390,000 and the total conversion cost for the month was $393,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material for the month of March.
Question 6 - On March 1, 2019, Annapolis Company has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 25,000 units were started. At the end of the month all started units were 80% complete with respect to conversion. Direct Materials placed into production had a total cost of $385,000 and the total conversion cost for the month was $308,000. Annapolis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March.