Exam 9: Recording and Evaluating Conversion Process Activities

Use the following to answer questions The following information relates to Andrews, Inc. for April: -Determine the cost of direct materials issued into production.

Which of the following shows the order of cost flows through the manufacturing inventories?

Which of the following is not associated with the manufacture and sale of a product?

The activity "maintaining parts inventory" is part of the activity level:

Use the following to answer questions The following information relates to Andrews, Inc. for April: -Determine the cost of goods manufactured.

The direct materials price variance is calculated as:

Bollinger Industries manufactures back-packs.Selected data regarding standard costs follow: Actual selected results for the month of January are shown below: Calculate the following variances: ( A)direct labor price variance (b)direct labor usage variance (c)direct materials price variance (d)direct materials usage variance (e)direct materials inventory variance

This prenumbered document is issued by the production function and triggers the manufacture of the company's product.

Use the following to answer questions Sarasota Copy Company applies batch-related manufacturing overhead on the basis of the number of production runs. The following information is available: -The predetermined manufacturing overhead rate per production run is:

When the amount of over-underapplied manufacturing overhead is small,the Manufacturing Overhead account is generally closed out to:

Use the following to answer questions Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows: -The standard cost for direct labor is $190,000 if the company produces 15,200 units of product.Actual direct labor cost to produce 15,800 units of product totaled $213,300.What is the standard cost for direct labor at the actual level of production:

Use the following to answer questions Fostoria Corporation began the current period with $21,975 of raw materials, purchased $97,950 of raw materials during the period, and ended the period with $30,205 of raw materials. Indirect materials used and indirect labor totaled $16,950 and $25,320, respectively. -The total amount of raw materials put into production during the current period was:

Use the following to answer questions Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows: -What was Dodd's cost of goods manufactured for July?

The purchasing department is responsible for materials price variances.Do you agree or disagree with this statement? Explain.

The entry to close out a significant amount of overapplied manufacturing overhead would affect all of the below except:

Which of the following is not included in cost of work-in-process?

Use the following to answer questions Keowee Enterprises began the year with $165,700 of finished goods inventory. During the year the company manufactured goods costing $689,200. At the end of the year, $194,100 of finished goods remained in inventory. Actual manufacturing overhead was $235,800, estimated manufacturing overhead was $230,000, and manufacturing overhead applied totaled $221,500. -The unadjusted cost of goods sold was: