Course Hero Logo

Enabling Assessment 4 - BCOST221_ COST ACCOUNTING (BSA25) 2nd Sem SY 2021-2022 - Enabling Assessment

Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 1 - 3 out of 20 pages.

5/4/22, 5:34 AMEnabling Assessment 4 - BCOST221: COST ACCOUNTING (BSA25) 2nd Sem SY 2021-2022 - Enabling Assessment 4 - DLSU-D …HomeBCOST221: COST ACCOUNTING (BSA25) 2nd Sem SY 2021-2022Enabling Assessment 4End of quizYou are at the end; press Finished to complete and grade the quiz.You can review your answers below and click Edit if you want to change any.FinishedQuestion 1Firms that use process costing operate in which sort of competitive environment?
1/20Question 4Goodheart Pharmaceutical Company is a maker of drugs for high blood pressure and uses a process costing system.The following information pertains to the final department of Goodheart's blockbuster drug called Solcax.
Question 2What do Input units include?
Question 3The cost allocation method most widely used because of its accuracy and ability to provide a detailed level ofanalysis is:
5/4/22, 5:34 AMEnabling Assessment 4 - BCOST221: COST ACCOUNTING (BSA25) 2nd Sem SY 2021-2022 - Enabling Assessment 4 - DLSU-D …Beginning work-in-process (40% completed)700unitsTransferred-in3,600unitsNormal spoilage380unitsAbnormal spoilage180unitsGood units transferred out3,200unitsEnding work-in-process (1/3 completed)540unitsConversion costs in beginning inventory$ 2,562Current conversion costs$ 6,500Goodheart calculates separate costs of spoilage by computing both normal and abnormal spoiled units. Normalspoilage costs are reallocated to good units and abnormal spoilage costs are charged as a loss. The units of Solcaxthat are spoiled are the result of defects not discovered before inspection of finished units. Materials are added atthe beginning of the process. Using the weighted-average method, answer the following question:What are the total conversion costs of abnormal spoilage?
2/20

Upload your study docs or become a

Course Hero member to access this document

Upload your study docs or become a

Course Hero member to access this document

End of preview. Want to read all 20 pages?

Upload your study docs or become a

Course Hero member to access this document

Term
Spring
Professor
N/A
Tags
Cost Accounting, Mixing Department

Newly uploaded documents

Show More

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture