Reference no: EM132889405
Problem 1. Abanador Company uses a destined overhead rate reliant upon machine-hours to apply creating overhead to occupations. The association makes instruments to customer subtleties.
The going with data identify with Job 1501:
Direct materials used............................................................. $4,200
Direct work hours worked .................................................... 300
Direct work rate per hour...................................................... $8.00
Machine-hours used.............................................................. 200
Predestined overhead rate each machine-hour ................. $15.00
What is the full scale gathering cost recorded on Job 1501?
a. $8,800
b. $9,600
c. $10,300
d. $11,100
Problem 2. The underlying stage in choosing the cost per EUP per cost part under the weighted typical system is to
a. add the beginning Work in Process Inventory cost to the current time period's creation cost.
b. parcel the current time span's creation cost by similar units.
c. deduct the beginning Work in Process Inventory cost from the current time period's creation cost.
d. parcel the current time span's creation cost into the EUP.
Problem 3. EUP assessments for standard communication costing are identical to
a. the EUP assessments for weighted typical association costing.
b. the EUP assessments for FIFO measure costing.
c. LIFO stock costing for stock.
d. the EUP assessments for LIFO measure costing.
Problem 4. To figure indistinguishable units of creation using the FIFO technique for measure costing, work for the current time period ought to be communicated in units
a. wrapped up during the period and units in completing stock.
b. completed from beginning stock, units started and wrapped up during the period,
additionally, units for the most part completed in completing stock.
c. started during the period and units moved out during the period.
d. arranged during the period and units wrapped up during the period.
Problem 5. The fundamental qualification between the FIFO and weighted typical methods for measure costing is
a. in the treatment of beginning Work in Process Inventory.
b. in the treatment of current period creation costs.
c. in the treatment of demolished units.
d. nothing except if there are different choices.
Problem 6. When should deal with costing techniques be used in giving out costs for things?
a. If the thing is made dependent on each solicitation got.
b. Right when creation is simply not entirely wrapped up during the accounting time period.
c. In case the thing is made out of mass-conveyed homogeneous units.
d. Whenever standard costing techniques should not be used.
Problem 7. Which of coming up next is a quality of a cycle costing structure?
a. Work-in measure stock is repeated similar to completed units.
b. Costs are gathered according to popular demand.
c. It is used by an association delivering custom equipment.
d. Standard costs are not significant.
Problem 8. From the endeavors recorded underneath, which one is well headed to use measure costing in addressing creation costs?
a. Road engineer
b. Electrical undertaking specialist
c. Paper distributer
d. Auto mechanics shop.
Problem 9. An indistinguishable unit of material or change cost is comparable to
a. The proportion of material or change cost critical to complete one unit of creation.
b. A unit of work-in-measure stock.
c. The proportion of material or change cost critical to start a unit of creation in work-in-measure.
d. A big part of the material or change cost of a unit of finished product stock (tolerating an immediate creation plan).
Problem 10. The degree of finish of the beginning work-in-measure stock should be considered in the estimation of similar units of creation for which of the following techniques for measure costing?
FIFO Weighted Average
a. To be sure No
b. To be sure Yes
c. No Yes
d. No