A ________ cost system produces goods that are equivalent from each various other using a constant process manufacturing process.processjob orderproductioncontinuous
Conversion expenses are comprised ofdirect labor and direct materials.direct labor and selling expenses.direct labor and factory overhead.factory overhead and also direct materials.

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Which the the complying with is not a way in which process and task order cost systems are similar?Both need to calculate tantamount units to calculation per unit costs.Both allocate factory overhead costs to products.Both categorize manufacturing expenses into direct materials, straight labor, and also factory overhead.Both preserve perpetual inventories.
The complying with production data to be taken from the documents of the Finishing Department for July:Inventory in process, July 1, 40% perfect 4,000 unitsTransferred to perfect goods during July 37,500 unitsEnding occupational in procedure during July, 20% perfect 3,500 unitsDetermine the total equivalent systems for straight materials, assuming the the first-in, first-out technique is provided to price inventories. Assume that all direct materials are put in the procedure at the beginning of production.37,000 units41,000 units36,600 units39,400 units
The following production data were taken native the records of the Finishing Department for July:Inventory in process, July 1, 30% completed 5,000 unitsTransferred to finished goods during July 40,500 unitsEnding job-related in procedure during July, 40% completed 4,000 unitsDetermine the total equivalent systems for counter costs, assuming that the first-in, first-out method is used to price inventories. Assume that all direct materials are inserted in the process at the start of production.40,600 units44,500 units40,500 units39,500 units
Department Z had no work-related in process at the beginning of the period, 18,000 units were started during the period, 2,000 devices were 30% perfect at the end of the period, and also the following manufacturing costs were debited come the departmental occupational in process account throughout the period (assuming the firm uses FIFO):Direct materials $80,100Direct job 102,300Factory overhead 37,140Assuming that all direct materials are placed in procedure at the beginning of production, what is the full cost of the units completed during the period?$205,600$134,400$213,310$80,100
Equivalent units of manufacturing areAll that these choices are correct.the part of whole units that room completed with respect to materials or switch costs.the number of units in production during a period, whether completed or not.the part of entirety units that are completed with respect to materials or marketing costs.
Guardino firm manufactures a single product through a constant process, involving three manufacturing departments. The records show that direct materials, direct labor, and applied factory overhead because that Department 1 to be $100,000, $125,000, and $150,000 respectively. The records more indicate that direct materials, direct labor, and also applied factory overhead because that Department 2 were $50,000, $60,000, and also $70,000 respectively. In addition, job-related in procedure at the beginning of the period for room 1 totaled $75,000 and also work in process at the finish of the duration totaled $60,000.The newspaper entry to record the flow of prices into room 1 throughout the duration for manufacturing facility overhead isWork in Process—Department 1 150,000 manufacturing facility Overhead—Department 1 150,000
Guardino agency manufactures a solitary product by a constant process, involving three manufacturing departments. The records indicate that straight materials, straight labor, and applied factory overhead because that Department 1 to be $100,000, $125,000, and $150,000 respectively. The records additional indicate that direct materials, straight labor, and also applied manufacturing facility overhead for Department 2 to be $50,000, $60,000, and $70,000 respectively. In addition, job-related in process at the start of the duration for room 1 totaled $75,000 and work in process at the end of the duration totaled $60,000.The journal entry to document the flow of prices into department 1 throughout the period for direct materials is:Work in Process—Department 1 100,000 products 100,000
What is the newspaper entry because that the application of factory Overhead to work in process if the driver is imprints, the price is $1.80 per imprint, and also the imprint meter reads 1,780 in ~ the begin of the day and also 2,890 at the finish of the day?Work in procedure 1,998 factory Overhead 1,998
The journal entry come record straight labor because that Department A and also Department B would includeNone that these choices are correct.a diminish to occupational in procedure for every department individually.a to decrease to work in process for both departments synthetic together.a to decrease to earnings Payable.
Which of the following is not a use of the cost of production report?to aid managers to boost operationsto assist managers regulate operationsto aid managers isolate problemsto project production
Which the the adhering to measures would not assist managers to control and also improve operations?commissions paid every time periodunit productioncost alters for details productsproduct yields
The productivity is the ratio ofmaterials prices to switch costs.the amount of products output come the quantity of materials input.the quantity of materials input come the amount of products output.materials expenses to tantamount units.
Conversion price per indistinguishable unit istotal conversion costs for the period divided by complete equivalent devices of straight materials price for the period.total indistinguishable units that conversion prices for the duration divided by full conversion prices for the period.total conversion costs for the duration divided by complete equivalent devices of conversion prices for the period.total direct materials cost for the period divided by complete equivalent devices of conversion expenses for the period.

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total conversion prices for the duration divided by complete equivalent devices of conversion expenses for the period.
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