Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $44,990. An additional 92,000 units were started into production during the month and 96,000 units were completed in the Welding Department and transferred to the next processing department. There were 17,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $679,800 in conversion costs were incurred in the department during the month.

The cost per equivalent unit for conversion costs for the month is closest to:

$5.288

$7.389

$7.292

$7.480

David Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,000 units in its beginning work in process inventory that were 85% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $137,200. An additional 93,000 units were started into production during the month. There were 21,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $431,250 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round your final answer to 3 decimal places.)

rev: 03_09_2015_QC_CS-10038

$5.909

$6.179

$6.112

$4.483

Valley Manufacturing Corporation's beginning work in process inventory consisted of 12,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning inventory was $35,000. During the month, 55,000 units were transferred out. The equivalent unit cost was computed to be $2.5 for materials and $3.9 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was:

$353,025

$287,650

$321,775

$352,000

Sanchez Corporation 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. (Do not round Cost per equivalent unit.)

	Units	Percent Complete with Respect to Conversion
Beginning work in process inventory	7,800	75%
Transferred in from the prior department during March	52,100
Ending work in process inventory	3,800	90%

The Fitting Department's cost per equivalent unit for conversion cost for March was $9.26. How much conversion cost was assigned to the units transferred out of the Fitting Department during March?

$519,486

$554,674

$551,155

$482,446

In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $39,000 and ending work in process inventory of $14,000. During the month, the cost of units transferred out from the department was $448,000. In the department's cost reconciliation report for February, the total cost to be accounted for under the weighted-average method would be:

$53,000

$462,000

$487,000

$501,000

Top of Form

Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arizaga uses a weighted-average process cost system to collect costs in both departments.

All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 330 canoes in process that were 10% complete with respect to conversion cost. On July 31, Fabrication had 550 canoes in process that were 20% complete with respect to conversion cost. During July, the Fabrication Department completed 6,800 canoes and transferred them to the Waterproofing Department.

What are the Fabrication Department's equivalent units related to conversion costs for July?

6,855

6,866

6,910

6,943

Bottom of Form

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 630 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$7,200	75%
Conversion costs	$6,200	15%

A total of 9,400 units were started and 8,150 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$137,200
Conversion costs	$323,200

The ending inventory was 75% complete with respect to materials and 70% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

What are the equivalent units for conversion costs for the month in the first processing department?

1,316 Units

9,466 Units

8,150 Units

10,030 Units

Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$6,900	60%
Conversion costs	$5,900	20%

A total of 9,100 units were started and 8,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$136,900
Conversion costs	$322,900

The ending inventory was 70% complete with respect to materials and 65% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

$14.11

$15.65

$14.82

$14.90

Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 650 units. The costs and percentage completion of these units in beginning inventory were:

	Cost	Percent Complete
Materials costs	$	8,900	55	%
Conversion costs	$	3,700	15	%

A total of 11,300 units were started and 10,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:

Materials costs	$241,000
Conversion costs	$378,000

The ending inventory was 80% complete with respect to materials and 70% complete with respect to conversion costs.

Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.

The cost per equivalent unit for materials for the month in the first processing department is closest to:

$18.92

$20.60

$21.36

$21.59

Spartan Systems reported total sales of $400,000, at a price of $20 and per unit variable expenses of $11, for the sales of their single product.

	Total	Per Unit
Sales	$400,000	$20
Variable expenses	220,000	11
Contribution margin	180,000	$9
Fixed expenses	120,000
Net operating income	$60,000

What is the amount of contribution margin if sales volume increases by 30%?

rev: 03_17_2015_QC_CS-11135

$180,000

$78,000

$234,000

$42,000

Maack Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $51,500. If the company's sales for a month are $314,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change.

$202,840

$8,160

$262,500

$59,660

Arthur Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $346,800 and the variable expenses are 45% of sales. Given this information, the actual profit is: (Do not round your intermediate calculations.)

$92,480

$63,580

$17,340

$47,685

Darwin Inc. sells a particular textbook for $27. Variable expenses are $20 per book. At the current volume of 43,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:

$301,000

$1,161,000

$1,462,000

$860,000

Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.)

Selling price per unit	$	330.00
Variable expense per unit	$	75.90
Fixed expense per month	$	173,250

The break-even in monthly dollar sales is closest to:

$225,000

$276,750

$173,250

$450,000

Wyly Inc. produces and sells a single product. The selling price of the product is $245.00 per unit and its variable cost is $73.50 per unit. The fixed expense is $417,270 per month.

The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

$1,390,900

$973,630

$596,100

$417,270

Mounts Corporation produces and sells two products. In the most recent month, Product I05L had sales of $37,000 and variable expenses of $11,380. Product P42T had sales of $50,000 and variable expenses of $17,330. The fixed expenses of the entire company were $46,120. The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

$68,836

$74,830

$68,796

$46,120

Rickers Inc. produces and sells two products. Data concerning those products for the most recent month appear below:

	Product O66C	Product V67G
Sales	$28,000	$33,000
Variable expenses	$11,600	$23,170

The fixed expenses of the entire company were $39,180. The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.)

$73,950

$91,116

$39,180

$46,300

Brummitt Corporation has two divisions: the BAJ Division and the CBB Division. The corporation's net operating income is $11,700. The BAJ Division's divisional segment margin is $81,100 and the CBB Division's divisional segment margin is $46,300. What is the amount of the common fixed expense not traceable to the individual divisions?

$92,800

$115,700

$58,000

$127,400

Colasuonno Corporation has two divisions: the West Division and the East Division. The corporation's net operating income is $84,700. The West Division's divisional segment margin is $31,400 and the East Division's divisional segment margin is $169,300. What is the amount of the common fixed expense not traceable to the individual divisions?

$254,000

$200,700

$116,000

$116,100

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$152
Units in beginning inventory	0
Units produced	9,450
Units sold	9,050
Units in ending inventory	400
Variable costs per unit:
Direct materials	$28
Direct labor	$70
Variable manufacturing overhead	$16
Variable selling and administrative	$20
Fixed costs:
Fixed manufacturing overhead	$141,750
Fixed selling and administrative	$9,800

What is the net operating income for the month under variable costing?

$11,350

$(34,250)

$17,350

$6,000

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$157
Units in beginning inventory	0
Units produced	9,150
Units sold	9,250
Units in ending inventory	1,150
Variable costs per unit:
Direct materials	$35
Direct labor	$52
Variable manufacturing overhead	$16
Variable selling and administrative	$26
Fixed costs:
Fixed manufacturing overhead	$73,200
Fixed selling and administrative	$166,000

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

What is the net operating income for the month under variable costing?

$19,000

$19,800

$4,700

$30,100

Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations:

Selling price	$165
Units in beginning inventory	0
Units produced	9,250
Units sold	9,350
Units in ending inventory	1,250
Variable costs per unit:
Direct materials	$37
Direct labor	$54
Variable manufacturing overhead	$18
Variable selling and administrative	$28
Fixed costs:
Fixed manufacturing overhead	$74,000
Fixed selling and administrative	$166,600

The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month.

What is the net operating income for the month under absorption costing?

$20,400

$4,900

$4,900

$32,100

Carr Company produces a single product. Last year, Carr manufactured 28,000 units and sold 22,500 units. Production costs for the year were as follows:

Fixed manufacturing overhead	$336,000
Variable manufacturing overhead	$215,600
Direct labor	$134,400
Direct materials	$229,600

Sales were $1,046,250, for the year, variable selling and administrative expenses were $117,000, and fixed selling and administrative expenses were $201,600. There was no beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.)

$179,850

$207,350

$241,350

$249,850

Nantua Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division:

	Total Company	Southern	Northern
Sales	$5,000,000	$3,100,000	$1,900,000
Contribution margin	$2,150,000	$1,350,000	$800,000
Divisional segment margin	$1,150,000	$900,000	$250,000

Net operating income last year for Nantua Corporation was $500,000.

In last year's income statement segmented by division, what were Nantua's total common fixed expenses?

$650,000

$1,000,000

$1,650,000

$1,800,000

Pong Incorporated's segmented income statement for the most recent month is given below.

	Total	Store A	Store B
Sales	$162,500	$64,400	$98,100
Variable expenses	57,122	27,692	29,430
Contribution margin	105,378	36,708	68,670
Traceable fixed expenses	71,300	20,400	50,900
Segment margin	34,078	$16,308	$17,770
Common fixed expenses	22,500
Net operating income	$ 11,578

If Store B sales increase by $45,400 with no change in fixed expenses, the overall company net operating income should:

increase by $9,080

increase by $4,540

increase by $31,780

increase by $30,418

Diston Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 21,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $44,990. An additional 92,000 units were started into production during the month and 96,000 units were completed in the Welding Department and transferred to the next processing department. There were 17,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $679,800 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to: $5.288 $7.389 $7.292 $7.480 David Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 20,000 units in its beginning work in process inventory that were 85% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $137,200. An additional 93,000 units were started into production during the month. There were 21,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $431,250 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round your final answer to 3 decimal places.) rev: 03_09_2015_QC_CS-10038 $5.909 $6.179 $6.112 $4.483 Valley Manufacturing Corporation's beginning work in process inventory consisted of 12,500 units, 100% complete with respect to materials cost and 30% complete with respect to conversion costs. The total cost in the beginning inventory was $35,000. During the month, 55,000 units were transferred out. The equivalent unit cost was computed to be $2.5 for materials and $3.9 for conversion costs under the weighted-average method. Given this information, the total cost of the units completed and transferred out was: $353,025 $287,650 $321,775 $352,000 Sanchez Corporation 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. (Do not round Cost per equivalent unit.) Units Percent Complete with Respect to Conversion Beginning work in process inventory 7,800 75% Transferred in from the prior department during March 52,100 Ending work in process inventory 3,800 90% The Fitting Department's cost per equivalent unit for conversion cost for March was $9.26. How much conversion cost was assigned to the units transferred out of the Fitting Department during March? $519,486 $554,674 $551,155 $482,446 In February, one of the processing departments at Whisenhunt Corporation had beginning work in process inventory of $39,000 and ending work in process inventory of $14,000. During the month, the cost of units transferred out from the department was $448,000. In the department's cost reconciliation report for February, the total cost to be accounted for under the weighted-average method would be: $53,000 $462,000 $487,000 $501,000 Arizaga Corporation manufactures canoes in two departments, Fabrication and Waterproofing. In the Fabrication Department, fiberglass panels are attached to a canoe- shaped aluminum frame. The canoes are then transferred to the Waterproofing department to be coated with sealant. Arizaga uses a weightedaverage process cost system to collect costs in both departments. All materials in the Fabrication Department are added at the beginning of the production process. On July 1, the Fabrication Department had 330 canoes in process that were 10% complete with respect to conversion cost. On July 31, Fabrication had 550 canoes in process that were 20% complete with respect to conversion cost. During July, the Fabrication Department completed 6,800 canoes and transferred them to the Waterproofing Department. What are the Fabrication Department's equivalent units related to conversion costs for July? 6,855 6,866 6,910 6,943 Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 630 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Cost $7,200 Percent Complete 75% Conversion costs $6,200 15% A total of 9,400 units were started and 8,150 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs $137,200 $323,200 The ending inventory was 75% complete with respect to materials and 70% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. What are the equivalent units for conversion costs for the month in the first processing department? 1,316 Units 9,466 Units 8,150 Units 10,030 Units Chae Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $6,900 $5,900 Percent Complete 60% 20% A total of 9,100 units were started and 8,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs $136,900 $322,900 The ending inventory was 70% complete with respect to materials and 65% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. The cost per equivalent unit for materials for the month in the first processing department is closest to: $14.11 $15.65 $14.82 $14.90 Guo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 650 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $ 8,900 $ 3,700 Percent Complete 55 % 15 % A total of 11,300 units were started and 10,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs $241,000 $378,000 The ending inventory was 80% complete with respect to materials and 70% complete with respect to conversion costs. Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. The cost per equivalent unit for materials for the month in the first processing department is closest to: $18.92 $20.60 $21.36 $21.59 Spartan Systems reported total sales of $400,000, at a price of $20 and per unit variable expenses of $11, for the sales of their single product. Fixed expenses Net operating income Per Unit $20 11 180,000 Sales Variable expenses Contribution margin Total $400,000 220,000 $9 120,000 $60,000 What is the amount of contribution margin if sales volume increases by 30%? rev: 03_17_2015_QC_CS-11135 $180,000 $78,000 $234,000 $42,000 Maack Corporation's contribution margin ratio is 19% and its fixed monthly expenses are $51,500. If the company's sales for a month are $314,000, what is the best estimate of the company's net operating income? Assume that the fixed monthly expenses do not change. $202,840 $8,160 $262,500 $59,660 Arthur Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $346,800 and the variable expenses are 45% of sales. Given this information, the actual profit is: (Do not round your intermediate calculations.) $92,480 $63,580 $17,340 $47,685 Darwin Inc. sells a particular textbook for $27. Variable expenses are $20 per book. At the current volume of 43,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total: $301,000 $1,161,000 $1,462,000 $860,000 Data concerning Wang Corporation's single product appear below: (Do not round your intermediate calculations.) Selling price per unit Variable expense per unit $ $ 330.00 75.90 Fixed expense per month $ 173,250 The break-even in monthly dollar sales is closest to: $225,000 $276,750 $173,250 $450,000 Wyly Inc. produces and sells a single product. The selling price of the product is $245.00 per unit and its variable cost is $73.50 per unit. The fixed expense is $417,270 per month. The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) $1,390,900 $973,630 $596,100 $417,270 Mounts Corporation produces and sells two products. In the most recent month, Product I05L had sales of $37,000 and variable expenses of $11,380. Product P42T had sales of $50,000 and variable expenses of $17,330. The fixed expenses of the entire company were $46,120. The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.) $68,836 $74,830 $68,796 $46,120 Rickers Inc. produces and sells two products. Data concerning those products for the most recent month appear below: Sales Variable expenses Product O66C $28,000 $11,600 Product V67G $33,000 $23,170 The fixed expenses of the entire company were $39,180. The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answer to the nearest dollar amount.) $73,950 $91,116 $39,180 $46,300 Brummitt Corporation has two divisions: the BAJ Division and the CBB Division. The corporation's net operating income is $11,700. The BAJ Division's divisional segment margin is $81,100 and the CBB Division's divisional segment margin is $46,300. What is the amount of the common fixed expense not traceable to the individual divisions? $92,800 $115,700 $58,000 $127,400 Colasuonno Corporation has two divisions: the West Division and the East Division. The corporation's net operating income is $84,700. The West Division's divisional segment margin is $31,400 and the East Division's divisional segment margin is $169,300. What is the amount of the common fixed expense not traceable to the individual divisions? $254,000 $200,700 $116,000 $116,100 Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $152 0 9,450 9,050 400 $28 $70 $16 $20 $141,750 $9,800 What is the net operating income for the month under variable costing? $11,350 $(34,250) $17,350 $6,000 Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $157 0 9,150 9,250 1,150 $35 $52 $16 $26 $73,200 $166,000 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under variable costing? $19,000 $19,800 $4,700 $30,100 Khanam Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Fixed costs: Fixed manufacturing overhead Fixed selling and administrative $165 0 9,250 9,350 1,250 $37 $54 $18 $28 $74,000 $166,600 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. What is the net operating income for the month under absorption costing? $20,400 $4,900 $4,900 $32,100 Carr Company produces a single product. Last year, Carr manufactured 28,000 units and sold 22,500 units. Production costs for the year were as follows: Fixed manufacturing overhead Variable manufacturing overhead Direct labor Direct materials $336,000 $215,600 $134,400 $229,600 Sales were $1,046,250, for the year, variable selling and administrative expenses were $117,000, and fixed selling and administrative expenses were $201,600. There was no beginning inventory. Assume that direct labor is a variable cost. Under absorption costing, the ending inventory for the year would be valued at: (Do not round intermediate calculations.) $179,850 $207,350 $241,350 $249,850 Nantua Corporation has two divisions, Southern and Northern. The following information was taken from last year's income statement segmented by division: Sales Contribution margin Divisional segment margin Total Company $5,000,000 $2,150,000 $1,150,000 Southern $3,100,000 $1,350,000 $900,000 Northern $1,900,000 $800,000 $250,000 Net operating income last year for Nantua Corporation was $500,000. In last year's income statement segmented by division, what were Nantua's total common fixed expenses? $650,000 $1,000,000 $1,650,000 $1,800,000 Pong Incorporated's segmented income statement for the most recent month is given below. Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income Total $162,500 57,122 Store A $64,400 27,692 Store B $98,100 29,430 105,378 36,708 68,670 71,300 20,400 50,900 34,078 $16,308 $17,770 22,500 $ 11,578 If Store B sales increase by $45,400 with no change in fixed expenses, the overall company net operating income should: increase by $9,080 increase by $4,540 increase by $31,780 increase by $30,418