1. The company had 2000 gallons of ice cream in work in process 60% complete at the beginning of the month. During the month the company started and completed 60,000 gallons of Ice cream. At the end of the month, the company had 4,000 gallons of ice cream in work in process 25% complete. All materials are put into the process at the beginning and the conversion costs are put in evenly over the process. Determine the number of whole units, the number of equivalent units getting material and the number of equivalent units receiving conversion costs.

Answers should be entered as whole numbers with no signs or punctuation

Whole Units

Equivalent Units getting materials

Equivalent Units getting Conversion Costs

2. The company uses a single plantwide factory overhead rate. The budgeted Factory Overhead Costs for the year are $1,400,000 and allocates factory overhead based on direct labor hours. The company plans to make 100,000 shirts and 50,000 pairs of pants. It takes 2 direct labor hours to make a shirt and 3 direct labor hours to make a pair of pants. What are the total number of direct labor hours? What is the single plantwide factory overhead rate?

Answers should be entered as whole numbers with no signs or punctuation

Total direct labor hours

Single plantwide factory overhead rate per direct labor hour

How much FOH is allocated to a single shirt

How much FOH is allocated to a single pair of paints

Answer rating: 100% (QA)

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