2009 Summer Midterm 1 Sample - ACC 3200 Summer 2009 Sample...

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1 ACC 3200. Summer 2009 Sample Midterm Exam 1 1.Which of the following types of firms typically would use process costing rather than job-order costing? A. A small appliance repair shop. B. A manufacturer of commercial passenger aircraft. C. A specialty equipment manufacturer. D. A breakfast cereal manufacturer. 2. Overapplied overhead would result if: 3. Destry Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 10,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 60,000 units were started into production during the month. There were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $380,060 in conversion costs were incurred in the department during the month. What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)
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2 4. Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabrication department, Huang uses a predetermined overhead rate of $30 per machine-hour. In the Assembly department, Huang uses a predetermined overhead rate of $12 per direct labor-hour. During the current year, Job #X2984 incurred the following number of hours in each department: Fabrication Assembly Machine Hours 40 12 Direct Labor Hours 3 25 What is the total amount of manufacturing overhead that Huang should have applied to Job #X2984 during the current year?
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  • Spring '11
  • Guler
  • conversion costs, Whiddon family

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