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Accounting Expert Answers & Study Resources : Page 178

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240) Which term below best describes the quality cost category for "cost to re-inspect reworked blenders"? A) Prevention costs B) Internal failure costs C) Appraisal costs D) External failure costs 241) Which term below best describes the quality cost category for "cost of warranty repairs on juicers"? A) Prevention costs B) Appraisal costs C) External failure costs D).

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  • 240) Which term below best describes the quality cost category
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41) In a mass-production environment, direct labor is usually a relatively small component of the total manufacturing costs. 42) Companies that use automated production processes often condense the three manufacturing costs into two categories: Direct materials and Conversion costs. 43) Companies that use automated production processes often condense the three manufacturing costs.

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  • 41) In a mass-production environment, direct labor usually a relatively
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83) The following information is provided by Mel Company: WIP inventory, January 1 0 units Units started 23,000 units Units completed and transferred out 18,000 units WIP inventory, December 31 5,000 units Direct materials $22,400 Direct labor $16,500 Manufacturing overhead $27,200 The units in ending WIP inventory were 90% complete for materials and 25% complete for conversion costs. Required: a.  What are.

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  • 83) The following information provided by Mel Company: WIP inventory, January
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181) Direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 28,400 units Units started 124,000 units Units completed and transferred out 107,000 units WIP ending (50% for conversion) 45,400 units Beginning WIP direct materials $53,200 Beginning WIP conversion costs $19,600 Costs of materials added $442,100 Costs of conversion added $304,650 Required: a.What.

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  • 181) Direct materials added at the beginning of the process
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150) Tasty Treats is a snow cone stand near the local park. To plan for the future, Tasty Treats wants to determine its cost behavior patterns. It has the following information available about its operating costs and the number of snow cones served. Month Number of snow cones Total operating costs January 6,400 $5,980 February 7,000 $6,400 March 6,200 $5,840 April 6,900 $6,330 May 7,600 $6,820 June 7,250 $6,575 The variable cost.

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  • 150) Tasty Treats a snow cone stand near the local
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164) A shampoo manufacturer offers the following information: WIP inventory, January 1 0 units Units started 25,600 units Units completed and transferred out 19,200 units WIP inventory, December 31 6,400 units Direct materials $276,480 Direct labor $585,000 Manufacturing overhead $328,920 The units in ending WIP inventory were 60% complete for materials and 40% complete for conversion costs. On December 31, what.

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  • 164) A shampoo manufacturer offers the following information: WIP inventory, January
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41) Selected financial data for Spark Enterprises follows for a production level of 120,000 units: Total fixed costs $ 300,000 Total costs (fixed and variable) $ 450,000 a.Calculate the variable cost per unit. b.If Flash Corporation makes 75,000 units, calculate the fixed cost per unit. c.If Flash Corporation makes 160,000 units, calculate the total variable costs. d.If.

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  • 41) Selected financial data for Spark Enterprises follows for a
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81) The following information is provided by Bynes Company: WIP inventory, January 1 0 units Units started 23,000 units Units completed and transferred out 20,000 units WIP inventory, December 31 3,000 units Direct materials $22,400 Direct labor $16,500 Manufacturing overhead $27,200 The units in ending WIP inventory were 85% complete for materials and 25% complete for conversion costs. Required: a.What are the.

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  • 81) The following information provided by Bynes Company: WIP inventory, January
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124) At Sunrise Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: WIP beginning (50% for conversion) 19,200 units Units started 120,500 units Units completed and transferred out 116,700 units WIP ending (60% for conversion) 23,000 units Beginning WIP direct materials $35,000 Beginning WIP conversion costs $22,500 Costs of materials added $384,100 Costs.

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  • 124) At Sunrise Corporation, direct materials added at the beginning
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242) Brambles Corporation has two sequential processing departments: Assembly then Shaping. The Shaping Department reports the following information. Conversion costs are applied evenly throughout the process. Beginning WIP inventory 8,000 unit Transferred-in costs in beginning WIP inventory $110,200 Direct materials cost in beginning WIP inventory $24,500 Conversion costs in beginning WIP inventory $22,750 Units transferred-in 57,000 units Transferred-in costs $546,300 Units completed 52,000 Costs.

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  • 242) Brambles Corporation has two sequential processing departments: Assembly then
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21) Process costing is most likely used in which of the following industries? A) Chemicals B) Aircraft C) Construction D) Printing 22) Process costing is most likely used in which of the following industries? A) Pharmaceuticals B) Health Care C) Shipbuilding D) Construction 23) Process costing would likely be used by which of the following? A) Clear Channel Advertising B) PIP.

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  • 21) Process costing most likely used in which of the
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254) At Billy Distillery, direct materials are added at the beginning of the process and conversion costs are added throughout the process. Data for the finishing department follows: WIP, April 1 22,000 units Transferred-in costs in WIP, April 1 $95,200 Direct materials (100%) in WIP, April 1 $24,200 Conversion costs (65%) in WIP, April 1 $20,100 Units transferred-in 38,000 Transferred-in costs.

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  • 254) At Billy Distillery, direct materials added at the beginning
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134) At Hodgson Corporation, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Other details include: Beginning WIP direct materials $32,000 Beginning WIP conversion costs $20,250 Costs of materials added $384,100 Costs of conversion added $271,125 WIP beginning (50% for conversion) 19,200 units Units started 119,500 units Units completed and transferred out 115,700 units WIP ending (60%.

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  • 134) At Hodgson Corporation, direct materials added at the beginning
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