1. Department S had no work in process at the beginning of the period. 12,645 un
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Question
1. Department S had no work in process at the beginning of the period. 12,645 units of direct materials were added during the period at a cost of $88,515, 9,484 units were completed during the period, and 3,161 units were 26% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $55,450 and factory overhead was $9,853.
What were the total cost of units completed during the period?
Select the correct answer.
A. $126,483
B. $88,515
C. $153,818
D. $27,335
2. Department G had 3,861 units, one-third completed at the beginning of the period, 13,974 units were completed during the period, 1,957 units were one-fifth completed at the end of the period, and the following manufacturing costs were debited to the departmental work in process account during the period:
Work in process, beginning of period
$26,206
Costs added during period:
Direct materials
$122,931
Direct labor
$81,954
Factory overhead
$27,318
Assuming that all direct materials are placed in process at the beginning of production and that the first-in, first-out method of inventory costing is used, what is the total cost of 3,861 units of beginning inventory which were completed during the period?
Select the correct answer.
A. $47,712
B. $23,202
C. $26,206
D. $27,318
3. McCabe Manufacturing Co.'s static budget at 7,835 units of production includes $43,278 for direct labor and $3,814 for electric power. Total fixed costs are $44,973. What would flexible budget show at 10,329 units of production?
Select the correct answer.
A. variable costs of $62,082 and $44,973 of fixed costs
B. variable costs of $47,092 and $44,973 of fixed costs
C. variable and fixed costs totaling $92,065
D. variable costs of $62,082 and $59,289 of fixed costs
A. $126,483
B. $88,515
C. $153,818
D. $27,335
Explanation / Answer
3. A. variable costs of $62,082 and $44,973 of fixed costs
Workings:
Statement of Variable cost As per Budget:
Amount in $ Amount
6.01
Fixed Cost is always remain irrespective of production.
Statement of Variable cost As per Budget:
Amount in $ Amount
Direc Labour 43278 Electric Power 3814 Total Variable Cost 47092 Total Budgeted Unit 7835 Variable cost per unit6.01
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