batch processes questions

1. (TCO 3) Which system would a manufacturer of unique special orders or batch processes most likely use to accumulate costs? (Points : 3) 
Contract costing
Variable costing
Process costing
Job-order costing





Question 2. 2. (TCO 3) Which is NOT a feature of a process costing system? (Points : 3) 
Standardized products pass through standardized processes.
Each unit is treated uniquely in receiving a process.
Manufacturing costs are accumulated by a process for a given time period.
Unit costs are calculated for each department.





Question 3. 3. (TCO 3) The whole units that could have been produced in a period given the amount of manufacturing inputs used are called (Points : 3) 
FIFO costing.
transferred-in cost.
weighted average cost.
equivalent units of output.





Question 4. 4. (TCO 3) Holly Inc. manufactures dolls. The following data were provided for production results for the current month.
0 Units, beginning work-in-process
300 Units started
? Units completed
100 Units, ending work-in-process (40% complete)
Which are the equivalent units using the weighted average method? (Points : 3) 
300
240
260
200 
None of the above 





Question 5. 5. (TCO 3) Which is NOT a difference between the job-order costing system and the process costing system? (Points : 3) 
They accumulate their costs to different cost objectives.
The number of work-in-process accounts is different.
One does not use the finished goods account.
All of the above





Question 6. 6. (TCO 3) Keller Inc. manufactures office chairs. The following data were provided for production results for the current month.
0 Units, beginning work-in-process
10,000 Units started
? Units completed
5,000 Units, ending work-in-process
$440,000 Cost of direct materials
$64,000 Cost of conversion
Ending inventory is 100% complete for materials and 20% complete for conversion. 
How many units were started and completed? (Points : 3) 
10,000
0
5,000
20,000
None of the above





Question 7. 7. (TCO 3) Unit cost of materials for a department using the FIFO method of process costing is found by taking
the total cost of materials issued to the department during the year divided by (Points : 3) 
units in process.
units started and completed.
total units manufactured.
equivalent units of output.






Question 8. 8. (TCO 3) Abby Corp. adds raw materials to production at the beginning of the process in the Assembly Dept. Materials data for this department for the current month are as follows. 





Costs






Units

Materials

Conversion


Beginning work-in-process

10,000 

$70,750 

$175,350 


Started during month

65,000 

$250,000 

$736,350 


Ending work-in-process 

6,000 








Beginning inventory was 70% complete. Ending inventory was 40% complete. 
How many equivalent units for conversion costs would there be for Abby Corp. during the month using the weighted average method?
(Points : 3) 
65,000
68,400
75,000
64,400





Question 9. 9. (TCO 2) The following information was provided by Sally Company. 



% complete

Units


Begninning work-in-process

30%

15,000


Units transferred in 

40,000

Ending work-in-process

60%

13,000


Materials are added at the beginning of the process. 
How many equivalent units for materials would there be using the weighted average method? (Points : 3) 
68,000
40,000
47,800
55,000

Question 10. 10. (TCO 3) The costs included in the cost per equivalent unit using the weighted average method are (Points : 3) 
current costs.
beginning work in process.
ending work in process.
Both A and B