AnswersExam1Wi11 - quite costly in terms of the...

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Answers to Sample Questions- Exam 1 This set of answers corresponds to the sample questions, taken from prior examinations, covering some topics in Chapters 1, 2, 10, 4, 5, and 17. The Answers: Problem 1 1. Material – 80; Conversion – 85 2. Material - $25,000 per equivalent unit; Conversion - $11,000 per equivalent unit 3. Transferred out - $3,188,000; Ending inventory - $327,000 Problem 2 1. $45,750 2. $45.75 3. $31.25 per machine hour 4. $15,625; $15.625 5. Use of a single predetermined overhead rate obscures the fact that film development chemicals are
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Unformatted text preview: quite costly in terms of the transactions that drive overhead costs. The activity-based costing system will serve management better than the system based on a single, predetermined overhead rate for pricing and cost control decisions. Problem 3 1. $52.50 per 2. [not shown here] 3. $264,050 4. $203,000 increase 5. $7,500 under applied Problem 4 35,000 units Problem 5 $397,940 Problem 6 $1,470,000; $1,540,000 Problem 7 $491,000 Problem 8 C Problem 9 B Problem 10 D Problem 11 B Problem 12 C...
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