ACCT 344 Week 2 Quiz
1. (TCO 3) The appropriate cost accounting system to use when inventory items are produced on an assembly line is
WRITE THIS ESSAY FOR ME
Tell us about your assignment and we will find the best writer for your paper.
Get Help Now!2. (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in
3. (TCO 3) “Equivalent units” expresses all activity of the period in terms of
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?
5. (TCO 3) When products and their costs are moved from one process to the next process, these costs are referred to as
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
6,000 Units started
? Units completed
2,000 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?
7. (TCO 3) The two methods used to determine equivalent units of production are
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. Beginning inventory was 70% complete. Ending inventory was 40% complete. How many equivalent units for materials would there be for Abby Corp. during the month using the FIFO method?
9. (TCO 3) The following information was provided by Sally Company. All materials are added at the beginning of the process. How many equivalent units for materials would there be using the weighted average method?
10. (TCO 3) The material cost per equivalent unit using the weighted average method is calculated as
Introducing our Online Essay Writing Services Agency, where you can confidently place orders for a wide range of academic assignments. Our reputable homework writing company specializes in crafting essays, term papers, research papers, capstone projects, movie reviews, presentations, annotated bibliographies, reaction papers, research proposals, discussions, and various other assignments. Rest assured, our content is guaranteed to be 100% original, as every piece is meticulously written from scratch. Say goodbye to concerns about plagiarism and trust us to deliver authentic and high-quality work.
WRITE MY ESSAY NOW
