Questions from General Accounting


Q: At Ely Company, overhead is assigned to production departments at the

At Ely Company, overhead is assigned to production departments at the rate of $5 per machine hour. In July, machine hours were 3,000 in the Machining Department and 2,400 in the Assembly Department. P...

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Q: Sanchez Co. has zero units of beginning work in process.

Sanchez Co. has zero units of beginning work in process. During the period, 12,000 units were completed, and there were 500 units of ending work in process one-fifth complete as to conversion cost and...

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Q: Hindi Co. started 3,000 units during the period.

Hindi Co. started 3,000 units during the period. Its beginning inventory is 500 units one-fourth complete as to conversion costs and 100% complete as to materials costs. Its ending inventory is 300 un...

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Q: Data for Weber Company are given in BE16-1. Supporting

Data for Weber Company are given in BE16-1. Supporting records show that (a) the Assembly Department used $24,000 of raw materials and $35,000 of the factory labor, and (b) the Finishing Department...

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Q: Factory labor data for Weber Company are given in BE16-2

Factory labor data for Weber Company are given in BE16-2. Manufacturing overhead is assigned to departments on the basis of 200% of labor costs. Journalize the assignment of overhead to the Assembly a...

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Q: Goode Company has the following production data for selected months.

Goode Company has the following production data for selected months. Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the...

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Q: Westerville Company accumulates the following data concerning a mixed cost, using

Westerville Company accumulates the following data concerning a mixed cost, using units produced as the activity level. (a) Compute the variable- and fixed-cost elements using the high-low method. (...

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Q: Trek Company has the following production data for April: units transferred

Trek Company has the following production data for April: units transferred out 40,000, and ending work in process 5,000 units that are 100% complete for materials and 40% complete for conversion cost...

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Q: Production costs chargeable to the Finishing Department in June in Cascio Company

Production costs chargeable to the Finishing Department in June in Cascio Company are materials $16,000, labor $29,500, overhead $18,000. Equivalent units of production are materials 20,000 and conver...

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Q: Data for Cascio Company are given in BE16-7. Production

Data for Cascio Company are given in BE16-7. Production records indicate that 18,000 units were transferred out, and 2,000 units in ending work in process were 50% complete as to conversion cost and 1...

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