Sales commission is considered to be a product cost O True False Joe Company uses the...

 

    

    

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Sales commission is considered to be a product cost O True False Joe Company uses the weighted-average method in its process costing system. The following information was available for one of its processing departments: • The beginning work in process inventory consisted of 16,000 units, which were 75% complete with respect to conversion costs. • The department converted the equivalent of 59,000 units of production during the current month. • A total of 50,000 units were completed and transferred out of that department during the current month. • The ending work in process inventory consisted of 12,000 units, which were 65% complete with respect to conversion costs. What is the number of equivalent units in ending work in process for the month for conversion costs? 7800 10000 none of the above At an activity level of 4,000 machine-hours in a month, Curt Corporation's total variable production engineering cost is $154,200 and its total fixed production engineering cost is $129,000. If the activity level was increased to 4300 machine hours per month Assume that this level of activity is within the relevant range. What is total factory overhead costs@ 4300 hours? 156090 294765 none of the above No answer text provided. When using the formula Y= a +bx b= total fixed cost True False At an activity level of 4,000 machine-hours in a month, Curt Corporation's total variable production engineering cost is $154,200 and its total fixed production engineering cost is $129,000. If the activity level was increased to 4300 machine hours per month Assume that this level of activity is within the relevant range. What is the variable cost per unit at 4300 hours? 6.3 38.55 none of the above No answer text provided. period costs can be classified as direct and indirect True False product costs can be classified as selling or administrative True False When using the formula Y= a +bx x= activity level True False Sales commission is considered to be a product cost O True False Joe Company uses the weighted-average method in its process costing system. The following information was available for one of its processing departments: • The beginning work in process inventory consisted of 16,000 units, which were 75% complete with respect to conversion costs. • The department converted the equivalent of 59,000 units of production during the current month. • A total of 50,000 units were completed and transferred out of that department during the current month. • The ending work in process inventory consisted of 12,000 units, which were 65% complete with respect to conversion costs. What is the number of equivalent units in ending work in process for the month for conversion costs? 7800 10000 none of the above At an activity level of 4,000 machine-hours in a month, Curt Corporation's total variable production engineering cost is $154,200 and its total fixed production engineering cost is $129,000. If the activity level was increased to 4300 machine hours per month Assume that this level of activity is within the relevant range. What is total factory overhead costs@ 4300 hours? 156090 294765 none of the above No answer text provided. When using the formula Y= a +bx b= total fixed cost True False At an activity level of 4,000 machine-hours in a month, Curt Corporation's total variable production engineering cost is $154,200 and its total fixed production engineering cost is $129,000. If the activity level was increased to 4300 machine hours per month Assume that this level of activity is within the relevant range. What is the variable cost per unit at 4300 hours? 6.3 38.55 none of the above No answer text provided. period costs can be classified as direct and indirect True False product costs can be classified as selling or administrative True False When using the formula Y= a +bx x= activity level True False

Answer rating: 100% (QA)

Answer 1 FALSE Sales Commission is not a product cost Its part of Selling exp... View the full answer