Ch 18 | Accounting homework help

Question 1

1.    LDR Manufacturing produces a chemical pesticide and uses course requireing. There are three courseing sectionsMixing, Refining, and Packaging. On January 1, 2012, the Refining Section had 2,000 gallons of insufficiently courseed effect in effection. During January, 32,000 gallons were infections in from the Mixing Section and 29,000 gallons were perfectd and infections out. At the end of the month, there were 5,000 gallons of insufficiently courseed effect fostering in the Refining Department. See subjoined details beneath.

 
Refining Department, commencement pit at January 1, 2012
Quantity: 2,000 aces (insufficiently courseed.
Cost: $15,600 of requires infections in
$1,900 of materials require
$4,500 of change require
$22,000 whole representation pit

 
Costs external during January
Cost of aces infections in: $222,400
Direct materials require $45,000
Conversion require $93,750

 
Refining Department, achievement pit at January 31, 2012
Quantity: 5,000 aces (insufficiently courseed.
% whole for materials require: 90%
% whole for change require: 75%

 
What was the require per equiponderant ace after a while reference to frequented materials requires for the Refining Section in the month of January? Use the weighted-mean arrangement. (Round off your calculations to the right cent.)

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$3.00

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$1.34

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$1.40

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$7.00

1 points  

Question 2

1.    LDR Manufacturing produces a pesticide chemical and uses course requireing. There are three courseing sectionsMixing, Refining, and Packaging. On January 1, 2014, the highest sectionMixinghad no commencement schedule. During January, 40,000 fl. oz. of chemicals were instituted in effection. Of these, 32,000 fl. oz. were perfectd and 8,000 fl. oz. remained in course. In the Mixing Department, all frequented materials are external at the commencement of the effection course and change requires are applied evenly through the course.
At the end of the month, LDR adapted equiponderant aces. The achievement schedule in the Mixing Section was 60% perfect after a while reference to change requires. After a while reference to change requires, how numerous equiponderant aces were adapted for the effect that was perfectd and for achievement schedule?

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Product perfectd: 19,200 equiponderant aces; Products in achievement schedule: 4,800 equiponderant aces

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Product perfectd: 32,000 equiponderant aces; Products in achievement schedule: 4,800 equiponderant aces

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Product perfectd: 32,000 equiponderant aces; Products in achievement schedule: 8,000 equiponderant aces

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Product perfectd: 40,000 equiponderant aces; Products in achievement schedule: 8,000 equiponderant aces

1 points  

Question 3

1.    Costs incurred on pi sold are infections to the Require of Pi Sold representation from the ________.

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Sales Revenue representation

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Finished Pi Schedule representation

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Work-in-Process Schedule representation

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Raw Materials Schedule representation

1 points  

Question 4

1.    LDR Manufacturing produces a pesticide chemical and uses course requireing. There are three courseing sectionsMixing, Refining, and Packaging. On January 1, 2012, the Refining Section had 2,000 gallons of insufficiently courseed effect in effection. During January, 32,000 gallons were infections in from the Mixing Section and 29,000 gallons were perfectd and infections out. At the end of the month, there were 5,000 gallons of insufficiently courseed effect fostering in the Refining Department. See subjoined details beneath.

 
Refining Department, commencement pit at January 1, 2012
Quantity: 2,000 aces (insufficiently courseed.
Cost: $15,600 of requires infections in
$1,900 of materials require
$4,500 of change require
$22,000 whole representation pit

 
Costs external during January
Cost of aces infections in: $222,400
Direct materials require $45,000
Conversion require $93,750

 
Refining Department, achievement pit at January 31, 2012
Quantity: 5,000 aces (insufficiently courseed.
% whole for materials require: 90%
% whole for change require: 75%

 
What was the require per equiponderant ace after a while reference to change requires for the Refining Section in the month of January? (Use the weighted mean arrangement and plump your calculations to the right cent.)

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$1.34

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$2.86

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$1.40

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$3.00

1 points  

Question 5

1.    If 20,000 aces are 60% perfect after a while reference to frequented materials, then the equiponderant aces of effection for frequented materials are ________.

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8,000 aces

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28,000 aces

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20,000 aces

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12,000 aces

1 points  

Question 6

1.    During September, the Filtering Section of Olive Inc. had commencement infections in aces of 500 aces after a while requires of $125,000. During the month, 800 aces were infections in from the Milling Section after a while infections in requires of $200,000. It had 400 aces in achievement Work-in-Process Inventory. What is the whole require of effection for the aces infections to the Finishing Section in September below the highest-in-first-out (FIFO) arrangement?

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$150,000

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$125,000

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$75,000

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$258,336

1 points  

Question 7

1.    Under a course requireing rule, schedule postulates for the pit prevarication is supposing by the ________.

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origination require narration

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Work-in-Process Schedule of each section

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Cost of Sold representation

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Finished Pi representation

1 points  

Question 8

1.    Jetwell Inc. incurred $7,000 for infrequented drudge in Section III. The chronicle chronicles to chronicles infrequented drudge utilized is ________.

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debit Manufacturing Overhead, $7,000; belief Accounts Payable, $7,000

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debit Wages Payable, $7,000; belief Manufacturing Overhead, $7,000

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debit Manufacturing Overhead, $7,000; belief Wages Payable, $7,000

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debit Accounts Payable, $7,000; belief Manufacturing Overhead, $7,000

1 points  

Question 9

1.    The Assembling Section of Mat Liners Inc. had 7,500 aces in course on December 1, and prevalent 10,000 aces from the Sewing Department. Calculate the enumerate of aces to representation for by the Assembling Section for December.

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10,000 aces

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2,500 aces

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17,500 aces

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7,500 aces

1 points  

Question 10

1.    The commencement schedule requires and prevalent conclusion requires are wholly to individualize the mean require of equiponderant aces of effection below the ________.

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weighted-mean arrangement

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equiponderant aces arrangement

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change requires arrangement

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first-in-first-out arrangement

1 points  

Question 11

1.    During August, the Filtering Section of Olive Inc. had commencement infections in aces of 200 after a while requires of $50,000. 500 aces were instituted in effection during the month. It had 100 aces in achievement Work-in-Process Inventory. Below the highest-in-first-out (FIFO) arrangement, prevalent-conclusion equiponderant aces of effection for infections in aces in commencement Work-in-Process Schedule of the Filtering Section is ________.

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100 aces

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200 aces

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500 aces

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0 aces

1 points  

Question 12

1.    Under course requireing, the whole effection requires incurred must be separate between the aces that possess been perfectd in that course and infections to the instant course and the ________.

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Cost of Pi Sold when the aces are sold.

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Finished Pi Schedule if it is the highest course.

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units not perfectd and fostering in Work-in-Process Schedule for that section.

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Work-in-Process Schedule of the antecedent section when there are no sales.

1 points  

Question 13

1.    Which of the subjoined is chroniclesed by debiting the Manufacturing Overhead representation?

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depreciation on factory machinery

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office electricity charges

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frequented drudge requires incurred

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transfer of aces from one course to the instant

1 points  

Question 14

1.    LDR Manufacturing produces a chemical pesticide and uses course requireing. There are three courseing sectionsMixing, Refining, and Packaging. On January 1, 2012, the highest sectionMixinghad a naught commencement pit. During January, 40,000 gallons of chemicals were instituted into effection. During the month, 32,000 gallons were perfectd, and 8,000 remained in course, insufficiently perfectd. In the Mixing Department, all frequented materials are external at the commencement of the effection course, and change requires are applied evenly through the course.
During January, the Mixing Section incurred $48,000 in frequented materials requires and $211,600 in change requires. At the end of the month, the achievement schedule in the Mixing Section was 60% perfect after a while reference to change requires.
The whole require of effect in achievement schedule was ________.

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$37,200

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$48,000

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$222,400

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$211,600

1 points  

Question 15

1.    The Polishing Section of Laminates Inc. had 15,000 aces in course on June 1 and prevalent 25,000 aces from the Machining Department. During the month, it perfectd 32,000 aces and infections them to the Packaging Section and had 8,000 aces in achievement Work-in-Process Inventory. Calculate the enumerate of aces representationed for by the Polishing Section for June.

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15,000 aces

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8,000 aces

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40,000 aces

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17,000 aces

1 points  

Question 16

1.    During September, the Filtering Section of Olive Inc. had commencement infections in aces of 500 aces after a while requires of $125,000. During the month, it instituted and perfectd 700 aces. It had 100 aces in the achievement Work-in-Process Inventory. What is the enumerate of equiponderant aces of effection for infections in aces infections to the Filtering Section in September below the highest-in-first-out (FIFO) arrangement?

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800 aces

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500 aces

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400 aces

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1,000 aces

1 points  

Question 17

1.    The require of aces sold is chroniclesed by debiting Require of Pi Sold and beliefing ________.

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Work-in-Process Inventory

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Finished Pi Inventory

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Wages Payable

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Sales Revenue

1 points  

Question 18

1.    Which of the subjoined is a tread in the making-ready of a effection require narration?

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summarization of the career of tangible aces to the suppliers

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computation of expected aces of effection

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assignment of requires to aces perfectd and aces in course

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computation of totality of materials required for effection

1 points  

Question 19

1.    Nexus Inc. uses a course requireing rule. It qualifys a effection require narration for each courseing section. How get the managers of Nexus use these effection require narrations to qualify the pit prevarication at the end of an representationing conclusion?

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to individualize the require of pi sold during the conclusion

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to individualize the totality of prevalent liabilities of the conclusion

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to individualize the pit of schedule representations

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to individualize the totality of revenues generated during the conclusion

1 points  

Question 20

1.    Factory schism and utilities are debited to the ________.

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Finished Pi Schedule representation

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concerned Work-in-Process Schedule representation

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Manufacturing Overhead representation

[removed]

 

Cost of Pi Sold representation

 

 

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