Black, Inc. employs a weighted average method in its process costing system. Black's work in process inventory on June 30 consists of 40,000 units. These units are 100% complete with respect to materials and 60% complete with respect to conversion costs. The equivalent unit costs are USD5.00 for materials and USD7.00 for conversion costs. What is the total cost of the June 30 work in process inventory?

1 .Good Stuff Vitamin Corporation is trying to locate customers that will likely be interested in their range of health related products. The company is promoting their products to active adults and active seniors and has obtained a list of older adults from retirement associations and the names of individuals using other health related products such as athletic footwear. Future promotions are tailored to individual needs based on past orders. Good Stuff's marketing practices could best be characterized as:

A Transaction marketing. B E-marketing. C Database marketing. D Network marketing.

题型: 单选题 提问时间: 2021-08-24

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2 .For purposes of allocating joint costs to joint products, the sales price at point of sale, reduced by cost to complete after split-off, is assumed to be equal to the:

A Total costs. B Net sales value at split-off. C Sales price less a normal profit margin at point of sale. D Joint costs.

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3 .Gram Co. develops computer programs to meetcustomers' special requirements. How should Gram categorize payments toemployees who develop these programs? Direct costs Value-adding costs

A Yes........No B No.........No C No........Yes D Yes.......Yes

题型: 单选题 提问时间: 2021-08-24

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4 .Madtack Company's beginning and endinginventories for the month of November Year 1 are: November 1 November 30 Direct materials USD67,000 USD62,000 Work-in-process 145,000 171,000 Finished goods 85,000 78,000 Production datafor the month of November follows. Direct labor USD200,000 Actual factory overhead 132,000 Direct materials purchased 163,000 Transportation in 4,000 Purchase returns and allowances 2,000 Madtack uses onefactory overhead control account and charges factory overhead to production at70 percent of direct labor cost. The company does not formally recognizeover/underapplied overhead until year-end.Madtack Company'sprime cost for November is:

A USD363,000 B USD170,000 C USD370,000 D USD368,000

题型: 单选题 提问时间: 2021-08-24

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5 .Kimbeth Manufacturing uses a process costsystem to manufacture Dust Density Sensors for the mining industry. Thefollowing information pertains to operations for the month of May: Units Beginning work-in-process inventory, May 1 16,000 Started in production during May 100,000 Completed production during May 92,000 Ending work-in-process inventory, May 31 24,000 The beginninginventory was 60 percent complete for materials and 20 percent complete forconversion costs. The ending inventory was 90 percent complete for materialsand 40 percent complete for conversion costs.Costs pertainingto the month of May are as follows:·Beginning inventory costs are: materials, USD54,560;direct labor USD20,320; and factory overhead, USD15,240.·Costs incurred during May are: materials used, USD468,000;direct labor, USD182,880; and factory overhead, USD391,160.·Using the FIFO method, the total cost of units in theending work-in-process inventory at May 31 is:

A USD156,960 B USD155,328 C USD153,168 D USD154,800

题型: 单选题 提问时间: 2021-08-24

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7 .Cost drivers are:

A A mechanical basis, such as machine hours, computer time, size of equipment, or square footage of factory, used to assign to activities. B Accounting measurements used to evaluate whether or not performance is proceeding according to plan. C Costs linked to two or more other costs. D Activities th...

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8 .The distribution of overhead costs is known as:

A Cost management. B Burden distribution. C Uncontrollable cost allocation. D Cost allocation.

题型: 单选题 提问时间: 2021-08-24

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9 .Alex Company had the following inventories atthe beginning and end of the month of January. January 1 January 31 Finished Goods USD125,000 USD117,000 Work-in-process 235,000 251,000 Direct materials 134,000 124,000 The followingadditional manufacturing data was available for the month of January. Direct materials purchased USD189,000 Purchase returns and allowances 1,000 Transportation in 3,000 Direct labor 300,000 Actual factory overhead 175,000 Alex Companyapplies factory overhead at a rate of 60 percent of direct labor cost, and anyoverapplied or underapplied factory overhead is deferred until the end of theyear, December 31.Alex Company'stotal manufacturing cost for January was:

A USD669,000 B USD681,000 C USD679,000 D USD671,000

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10 .An accounting system that collects financial and operating data on the basis of the underlying nature and extent of the cost drivers is:

A Direct costing. B Activity-based costing. C Variable costing. D Target costing.

题型: 单选题 提问时间: 2021-08-24

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