Chapter 4 Quiz - Accounting 2102 Spring 2008 Farmer Quiz 2...

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Accounting 2102 Spring 2008 Farmer Quiz 2 . . . chapter 4 Name UGA MyID Signature and Date Please circle your FINAL answer in the spaces provided. Short Answer 1 Don’t Cry Over Spilled Milk, Inc. Don’t Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system. Don’t Cry uses a normal costing system in the application of its manufacturing overhead (MOH) to production; MOH costs are applied to production on the basis of machine hours logged during the period. Total budgeted MOH for the period was $250,000 and total budgeted machine hours were 50,000. The following data concern the operations of the company’s first processing department, Assembly, for June 2007. Page 1 of 3 b026c490f0f084abc1b1053bb383e8c229efd325.doc Beginning Work in Process 10,000 mops, 100% complete with respect to direct materials, 30% complete with respect to conversion Costs in Beginning Work in Process $31,850 (of this amount, $30,000 is for direct
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This note was uploaded on 05/08/2008 for the course ACCT 2102 taught by Professor Farmer during the Spring '08 term at University of Georgia Athens.

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Chapter 4 Quiz - Accounting 2102 Spring 2008 Farmer Quiz 2...

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