Process cost accounting is used when

1.      Process cost accounting is used when                                                                                                                                                                                                                                                        

 

A.

              the production process is continuous.            

 

B.

              production is aimed at filling a specific customer order.            

 

C.

              dissimilar products are involved.            

 

D.

costs are to be assigned to specific jobs.

3.In a process cost system,

 

A.

a W-I-P account is kept for each product.

 

B.

a materials requisition must identify the job on which the materials will be used.

 

C.

a W-I-P account is kept for each process.

 

D.

one W-I-P account is maintained for all the processes, similar to a job order cost system.

 

1.
Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 15,000 Total units to be accounted for 40,000 How many units were started into production in Department 1?

 

A.

25,000.

 

B.

65,000.

 

C.

55,000.

 

D.

30,000.

1.Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 15,000 Total units to be accounted for 40,000How many units were transferred out to Department 2?

 

A.

25,000.

 

B.

65,000.

 

C.

55,000.

 

D.

30,000.

1 points   

1.A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory 30,000 units were started into production in January and there were 8,000 units that were 45% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of January?

 

A.

33,600 equivalent units

 

B.

25,600 equivalent units

 

C.

30,000 equivalent units

 

D.

38,000 equivalent units

1 points   

1.A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory 30,000 units were started into production in January and there were 8,000 units that were 45% complete in the ending work in process inventory at the end of January.What were the equivalent units of production for conversion costs for the month of January?

 

A.

33,600 equivalent units

 

B.

25,600 equivalent units

 

C.

30,000 equivalent units

 

D.

38,000 equivalent units

1 points   

1.When manufacturing overhead costs are assigned to production in a process cost system, they are debited to

 

A.

the Finished Goods Inventory account.

 

B.

Cost of Goods Sold.

 

C.

a Manufacturing Overhead account.

 

D.

the Work in Process account.

1 points   

1.In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June, 14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.How many units were transferred out of the process in June?

 

A.

20,000 units

 

B.

21,000 units

 

C.

22,000 units

 

D.

15,000 units

1 points   

1.In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June, 14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.The equivalent units of production for materials for June was

 

A.

20,000 equivalent units.

 

B.

21,000 equivalent units.

 

C.

22,000 equivalent units.

 

D.

20,300 equivalent units.

1 points   

1.In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June,14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.The equivalent units of production for conversion costs for June was

 

A.

20,000 equivalent units.

 

B.

21,000 equivalent units.

 

C.

20,700 equivalent units.

 

D.

20,300 equivalent units.

 

 

Calculate the price of your order

Select your paper details and see how much our professional writing services will cost.

We`ll send you the first draft for approval by at
Price: $36
  • Freebies
  • Format
  • Formatting (MLA, APA, Chicago, custom, etc.)
  • Title page & bibliography
  • 24/7 customer support
  • Amendments to your paper when they are needed
  • Chat with your writer
  • 275 word/double-spaced page
  • 12 point Arial/Times New Roman
  • Double, single, and custom spacing
  • We care about originality

    Our custom human-written papers from top essay writers are always free from plagiarism.

  • We protect your privacy

    Your data and payment info stay secured every time you get our help from an essay writer.

  • You control your money

    Your money is safe with us. If your plans change, you can get it sent back to your card.

How it works

  1. 1
    You give us the details
    Complete a brief order form to tell us what kind of paper you need.
  2. 2
    We find you a top writer
    One of the best experts in your discipline starts working on your essay.
  3. 3
    You get the paper done
    Enjoy writing that meets your demands and high academic standards!

Samples from our advanced writers

Check out some essay pieces from our best essay writers before your place an order. They will help you better understand what our service can do for you.

Get your own paper from top experts

Order now

Perks of our essay writing service

We offer more than just hand-crafted papers customized for you. Here are more of our greatest perks.

  • Swift delivery
    Our writing service can deliver your short and urgent papers in just 4 hours!
  • Professional touch
    We find you a pro writer who knows all the ins and outs of your subject.
  • Easy order placing/tracking
    Create a new order and check on its progress at any time in your dashboard.
  • Help with any kind of paper
    Need a PhD thesis, research project, or a two-page essay? For you, we can do it all.
  • Experts in 80+ subjects
    Our pro writers can help you with anything, from nursing to business studies.
  • Calculations and code
    We also do math, write code, and solve problems in 30+ STEM disciplines.

Frequently asked questions

Get instant answers to the questions that students ask most often.

See full FAQ
    See full FAQ

    Take your studies to the next level with our experienced specialists

    Chat
    Hello, we are online 24/7. Leave a message we will reply instantly