• Document: 8.Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are:
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Chapter 3 Review 1.Which of the following manufacturing cost elements occurs in a process cost system? a. Direct materials. b. Direct labor. c. Manufacturing overhead. d. All of these. 2. Price Company assigns overhead based on machine hours. The Milling Department logs 2,400 machine hours and Cutting Department shows 4,000 machine hours for the period. If the overhead rate is \$5 per machine hour, the entry to assign overhead will show a a. debit to Manufacturing Overhead for \$32,000. b. credit to Work in Process—Cutting Department for \$20,000. c. debit to Work in Process for \$20,000. d. credit to Manufacturing Overhead for \$32,000. 3.Minor Company had the following department data: Physical Units Work in process, July 1 30,000 Completed and transferred out 165,000 Work in process, July 31 45,000 Materials are added at the beginning of the process. What is the total number of equivalent units for materials in July? a. 165,000. b. 180,000. c. 240,000. d. 210,000. 4.Gantner Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (60%) 60,000 Completed and transferred out 180,000 Work in process, May 31 (40%) 50,000 If materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May? a. 240,000. b. 230,000. c. 224,000. d. 200,000. 5.Barnes and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10,000 units of ending work in process at 80% completion and 32,000 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? a. 42,000. b. 40,000. c. 8,000. d. 30,000. 6.The Molding Department of Kennett Company has the following production data: beginning work in process 25,000 units (60% complete), started into production 475,000 units, completed and transferred out 450,000 units, and ending work in process 50,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are: a. 500,000. b. 455,000. c. 470,000. d. 450,000. 7.A process cost system would be used for all of the following products except a. chemicals. b. computer chips. c. motion pictures. d. soft drinks. 8.Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are: Materials Conversion Work in process, July 1 \$ 6,400 \$ 3,000 Costs added in July 50,400 42,000 The unit production costs for July are: Materials Conversion Costs a. \$2.52 \$2.50 b. 2.84 2.33 c. 2.52 2.33 d. 2.84 2.50 9.Materials costs of \$600,000 and conversion costs of \$642,600 were charged to a processing department in the month of September. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. There were no units in beginning work in process, 100,000 units were started into production in September, and there were 8,000 units in ending work in process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to those units that were completed and transferred out of the process in September? a. \$552,000. b. \$1,173,000. c. \$1,242,600. d. \$1,275,600. 10.The Assembly Department shows the following information: Units Beginning Work in Process 20,000 Ending Work in Process 65,000 Units Transferred Out 31,000 How many total units are to be accounted for by the Assembly Department? a. 96,000. b. 65,000. c. 85,000. d. 76,000. 11.Conversion cost per unit equals \$6. Total materials cost equal \$90,000. Equivalent units for materials are 10,000. How much is the total manufacturing cost per unit? a. \$15. b. \$6. c. \$12. d. \$9. BE 1 (step 2) Lowman Painting Co

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