The nature of process X is such that there is never any work in progress at the end of themonth.During July 1,000 gallons of liquid A, purchased for $3,910, were processed. The output of920 gallons was passed on to the next process.For every 100 gallons of liquid A input, the expected output is 85 gallons, the balance beingevaporated during the process. The cost of output is based on normal levels of evaporation.Labour and overhead costs for the month were as follows:$Labour 2,500Overheads 1410 3910What is the cost per unit of output for July (to the nearest cent)?

1 .An organisation absorbs overheads on a machine hour basis. The planned level of activity forlast month was 30,000 machine hours with a total overhead cost of $247,500. Actual resultsshowed that 28,000 machine hours were recorded with a total overhead cost of $238,000.What was the total under absorption of overheads last month?

A $7,000 B $7,500 C $9,500 D $16,500

题型: 单选题 提问时间: 2021-08-23

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2 .

A $25,000 B $27,000 C $45,000 D $47,000

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3 .A company uses absorption costing with a predetermined hourly overhead absorption rate.The following situations arose last month:(i) Actual hours worked exceeded planned hours.(ii) Actual overhead expenditure exceeded planned expenditure.Which of the following statements is correct?

A Situation (i) would cause overheads to be over absorbed and situation (ii) wouldcause overheads to be under absorbed. B Situation (i) would cause overheads to be under absorbed and situation (ii) wouldcause overheads to be over absorbed. C Both situations would cause overheads to be over absorbed....

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4 .A company uses an absorption costing system. It has a variable cost of /$5 per unit and absorbs fixed production overhead at /$3 per unit. In a period when 1,800 units of product were sold and 2,000 units were produced, it recorded an operating profit of /$3,600.What would its operating profit have been if it had used a marginal costing system?

A $2,600 B $3,000 C $4,200 D $4,600

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5 .In its first year of operations a company produced 100,000 units of a product and sold 80,000units at $9 per unit. It earned a marginal costing profit of $200,000. It calculates that itsfixed production overhead per unit is $5.What profit would it have earned under an absorption costing system?

A $100,000 B $200,000 C $300,000 D $320,000

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7 .A chemical refining process incurred the following costs in a month: $Materials – 8,000 kg at a total cost of 20,000Conversion costs 15,000The actual output from the process during the month was 7,000 kg and there was no openingor closing inventory of work in process or finished goods. The normal loss from the processis 18% of input weight and this can be sold as scrap for 50￠ per kg.What is the net value of the abnormal gain recorded in the company’s cost accounts (tothe nearest $)?

A $3,735 B $2,299 C $2,128 D $2,079

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8 .How many equivalent units were produced in the month in respect of labour andoverheads?

A 6,650 B 7,610 C 8,250 D 9,210

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9 .What is the cost per unit transferred to finished goods (to the nearest $)?

A $93 B $97 C $101 D $108

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10 .Process X had no opening inventory. 2,000 units of raw material were transferred in at a totalcost of $25,680. Additional material, labour and overheads were added at a cost of $52,000.Closing inventory was 50% complete in respect of process X. 1,730 completed units weretransferred out of the process.What was the closing inventory in process X (to the nearest $)?

A $7,231 B $7,525 C $8,066 D $10,994

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