ACCT 344 Cost Accounting Week 2 Homework and Quiz Devry

QUESTION

ACCT 344 Cost Accounting DevryWeek 2ACCT 344 Week 2 HomeworkACCT 344 Week 2 QuizQuestion: (TCO 3) The appropriate cost accounting system to use when inventory items are produced on an assembly line isQuestion: (TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded inQuestion: (TCO 3) “Equivalent units” expresses all activity of the period in terms ofQuestion: (TCO 3) Holly Inc. manufactures dolls. The following data were provided for production results for the current month. 0 Units, beginning work-in-process 300 Units started ? Units completed 100 Units, ending work-in-process (40% complete) Which are the equivalent units?Question: (TCO 3) When products and their costs are moved from one process to the next process, these costs are referred to asQuestion: (TCO 3) Keller Inc. manufactures office chairs. The following data were provided for production results for the current month. 0 Units, beginning work-in-process 6,000 Units started ? Units completed 2,000 Units, ending work-in-process $440,000 Cost of direct materials $64,000 Cost of conversion Ending inventory is 100% complete for materials and 20% complete for conversion. How many units were started and completed?Question: (TCO 3) The two methods used to determine equivalent units of production areQuestion: (TCO 3) Abby Corp. adds raw materials to production at the beginning of the process in the Assembly Dept. Materials data for this department for the current month are as follows.Question: (TCO 3) The following information was provided by Sally Company………..How many equivalent units for materials would there be using the weighted average method?Question: (TCO 3) The material cost per equivalent unit using the weighted average method is calculated as

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