1.Department G had 3,171 units, one-third completed at the beginning of the peri
ID: 2717394 • Letter: 1
Question
1.Department G had 3,171 units, one-third completed at the beginning of the period, 12,814 units were completed during the period, 1,668 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
$29,314
Costs added during period:
Direct materials
$134,748
Direct labor
$89,832
Factory overhead
$29,944
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 the units "started and completed" during the period?
Select the correct answer.
A.
$210,406
B. $134,748
C. $23,176
D. $50,256
2. The level of inventory of a manufactured product has increased by 8,308 units during a period. The following data are also available:
Variable
Fixed
Unit manufacturing costs of the period
$10
$3
Unit operating expenses of the period
$1
$5
What would be the effect on income from operations if variable costing is used rather than absorption costing?
Select the correct answer.
A. $49,848 increase
B. $66,464 increase
C. $24,924 decrease
D. $24,924 increase
3. Below is budgeted production and sales information for Fleming Company for the month of December:
Product X
Product Y
Estimated beginning inventory
30,758 units
18,027 units
Desired ending inventory
34,285 units
159,483 units
Region I, anticipated sales
301,917 units
260,712 units
Region II, anticipated sales
199,840 units
140,146 units
The unit selling price for product X is $6 and for product Y is $14.
What are the budgeted sales for the month?
Select the correct answer.
A. $5,415,690
B. $8,622,554
C. $9,429,746
D. $12,636,610
Work in process, beginning of period
$29,314
Costs added during period:
Direct materials
$134,748
Direct labor
$89,832
Factory overhead
$29,944
Explanation / Answer
Answer:1 B. $134,748
Answer:2 C. $24,924 decrease
=8308*$3=24924
Answer:3 B. $8,622,554
Particulars Product X Product Y Total Region I, anticipated sales 301917 260712 Region II, anticipated sales 199840 140146 Total 501757 400858 Unit selling price 6 14 Budgeted sales ($) 3010542 5612012 8622554Related Questions
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