Reference no: EM132847665

Questions -

Q1. If equivalent units are 6200 for conversion costs and units transferred out equals 3000, what stage of completion should the ending Work in Process be for the 10000 units remaining?

Q2. A company expected its annual overhead costs to be $882180 and machine hours to equal 101400 hours. The actual overhead was $744700, and actual machine hours totalled 97200 hours. How much overhead was applied?

Q3. Swifty' Assembly Department has materials cost at $2 per unit and conversion cost at $6 per unit. There are 9500 units in ending Work in Process, all of which are 70% complete as to conversion costs and fully complete as to direct materials. How much are total costs to be assigned to inventory if the weighted-average method is used?

Q4. Marigold produces two models: Model 24 has sales of 192 units with a contribution margin of $35 each; Model 26 has sales of 76 units with a contribution margin of $41 each. If sales of Model 26 increase by 49 units, how much will profit change?

Q5. Crane Manufacturing Company reported the following year-end information: beginning work in process inventory, $79300; cost of goods manufactured, $979400; beginning finished goods inventory, $49400; ending work in process inventory, $71000; and ending finished goods inventory, $40500. How much is Crane's cost of goods sold for the year?

Q6. As production manager, Mr. B is asked to track the manufacturing cost per unit on the factory floor. Total manufacturing costs were $91000 before considering factory maintenance salaries of $11000 and $53000 of factory depreciation. How much is the calculation of manufacturing cost per unit if 500 units had been produced in the current quarter?