Reference no: EM132764391
Questions -
Q1. Kariox Company uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below:
Units Percentage complete
Beginning work in process inventory 6,300 10%
Transferred in from the prior department during April 65,600
Ending work in process inventory 4,600 70%
What were the equivalent units of production for conversion costs in the Painting Department for April?
a) 67,300 units.
b) 68,820 units.
c) 70,520 units.
d) 63,900 units.
Q2. Yozti Company uses the weighted-average method in its process costing system. The Fitting Department is the second department in its production process. The data below summarize the department's operations in March:
Units Percentage complete
Beginning work in process inventory 7,100 70%
Transferred in from the prior department during March 61,000
Ending work in process inventory 4,600 30%
The Fitting Department's production report indicates that the cost per equivalent unit for conversion cost for March was $8.24.
How much conversion cost was assigned to the units transferred out of the Fitting Department during March?
a) $482,287.20.
b) $502,640.00.
c) $523,240.00.
d) $561,144.00.
Compute the direct-material price and quantity variances
: Use the variance formulas to compute the direct-material price and quantity variances, the direct material purchase price variance, and the direct-labor rate
|
Prepare and deliver professional presentation
: Prepare and deliver a professional presentation based on the research paper you have been working on all session.
|
How much can you withdraw each month
: How much can you withdraw each month from your account assuming a withdrawal period of 20 years? (Do not round intermediate calculations
|
Find how would first of available assets be distributed
: Partner A of P20,000 and capital balances for Partners A, B and C of P70,000, How would the first P100,000 of available assets be distributed?
|
What the equivalent units of production for conversion costs
: What were the equivalent units of production for conversion costs in the Painting Department for April
|
How can health care organizations utilize social media
: How can health care organizations utilize social media to better understand the needs and preferences of patients and consumers?
|
Find how much should be allocated to partner aa
: Remaining profits will be allocated to AA and the balance to BB. If the partnership had net income of P102,500, how much should be allocated to Partner AA?
|
Discuss how would account for the depreciation of building
: Discuss how would account for the depreciation of the building and how the replacement of the roof would affect the depreciation calculations.
|
How much will be paid to common shareholders
: Assuming the preferred shares have a cumulative dividend preference, how much will be paid to common shareholders in year 2
|