33.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
$36,520
$15,100
$5,600
Ending Balance (EB)
?
11,400
12,200
Transferred In (TI)
166,200
?
68,400
Transferred Out
(TO)
164,400
93,200
?
For Case (A) above, what is the Ending Balance (EB)?
34.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
$36,520
$15,100
$5,600
Ending Balance (EB)
?
11,400
12,200
Transferred In (TI)
166,200
?
68,400
Transferred Out
(TO)
164,400
93,200
?
35.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
$36,520
$15,100
$5,600
Ending Balance (EB)
?
11,400
12,200
Transferred In (TI)
166,200
?
68,400
Transferred Out
(TO)
164,400
93,200
?
36.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
?
$8,630
$71,600
Ending Balance (EB)
34,360
?
75,100
Transferred In (TI)
194,600
42,600
?
Transferred Out
(TO)
192,800
46,500
181,900
37.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
?
$8,630
$71,600
Ending Balance (EB)
34,360
?
75,100
Transferred In (TI)
194,600
42,600
?
Transferred Out
(TO)
192,800
46,500
181,900
For Case (B) above, what is the Ending Balance (EB)?
38.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
?
$8,630
$71,600
Ending Balance (EB)
34,360
?
75,100
Transferred In (TI)
194,600
42,600
?
Transferred Out
(TO)
192,800
46,500
181,900
For Case (C) above, what is the Transferred-In (TI)?
39.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
64,800
$59,840
?
Ending Balance (EB)
61,300
?
13,800
Transferred In (TI)
189,100
79,530
65,200
Transferred Out
(TO)
?
76,420
67,300
40.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
64,800
$59,840
?
Ending Balance (EB)
61,300
?
13,800
Transferred In (TI)
189,100
79,530
65,200
Transferred Out
(TO)
?
76,420
67,300
41.
Case
(A)
Case
(B)
Case
(C)
Beginning Balance
(BB)
64,800
$59,840
?
Ending Balance (EB)
61,300
?
13,800
Transferred In (TI)
189,100
79,530
65,200
Transferred Out
(TO)
?
76,420
67,300
42.
Refresh produces soft drinks and sodas. Production of 100,000 liters was started in
February, 85,000 liters were completed. Material costs were $38,220 for the month while
conversion costs were $16,380. There was no beginning work–in-process; the ending
work-in-process was 40% complete. What is the cost of the product that was completed
and transferred to finished goods?
43.
Refresh produces soft drinks and sodas. Production of 100,000 liters was started in
February, 85,000 liters were completed. Material costs were $38,220 for the month while
conversion costs were $16,380. There was no beginning work–in-process; the ending
work-in-process was 40% complete. What is the cost of the product that remains in work–
in-process?
44.
MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending
work-in-process was 70% complete. What is the cost of the product that was completed
and transferred to finished goods?
45.
MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending
work-in-process was 70% complete. What is the cost of the product that remains in work–
in-process?
46.
MegaRock produces quick setting concrete mix. Production of 200,000 tons was started in
April, 190,000 tons were completed. Material costs were $3,152,000 for the month while
conversion costs were $591,000. There was no beginning work–in-process; the ending
work-in-process was 70% complete. What is the material cost of the product that remains
in work-in-process?
47.
QuikCard processes credit card receipts for local banks. QuikCard processed 1,400,000
receipts in October. All receipts are processed the same day they are received. October
costs were labor of $14,000 and overhead of $28,000. What is the cost to process 1,000
receipts?
48.
Slider processes rebate requests for a large building supply firm. Slider processed 420,000
rebates in March. All rebates are processed the same day they are received. March costs
were labor of $28,000 and overhead of $14,000. What is the cost to process 1,000
rebates?
49.
When a manufacturing company has a highly automated manufacturing plant producing
many different products, what is probably the most appropriate basis of applying overhead
costs to work-in-process?
50.
Magnum Company uses direct labor cost as a basis for computing its predetermined
overhead rate. In computing the predetermined overhead rate for 2016, the company
misclassified a portion of direct labor cost as indirect labor. The effect of this
misclassification will be to:
51.
52.
The following information has been gathered for the Harrell Manufacturing Company for
its fiscal year ending December 31:
Actual manufacturing overhead costs
$212,500
Actual direct labor hours
54,900
Actual direct labor costs
$445,000
Estimated manufacturing overhead
costs
$210,000
Estimated direct labor
$434,000
Estimated direct labor hours
56,000
What is the predetermined manufacturing overhead rate per direct labor hour?