# AccountManagerLess5FinalExam.docx - Tim Dang AC0331826...

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Tim Dang AC0331826 Lesson 5: Final Exam [email protected] Question 1: At an activity level of 8,800 units, Pember Corporation's total variable cost is \$146,520 and its total fixed cost is \$219,296. For the activity level of 8,900 units, compute the following values. Required: A. B.
C. D.
E.
Note: Assume that the activity level is within the relevant range. Question 2: Job 397 was recently completed. The following data have been recorded on its job cost sheet. Direct materials \$59,400 Direct labor-hours 1,254 DLHs Direct labor wage rate \$11 per DLH Number of units completed 3,300 units The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is \$37 per direct labor-hour. Required:
\$119,592 ÷ 3,300 \$36.24 Question 3: Carver, Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 700 Percent complete with respect to materials 50% Percent complete with respect to conversion 40% Units started into production during the month 23,000 Work in process, ending: Units in process 200 Percent complete with respect to materials 80% Percent complete with respect to conversion 40% Required: Using the weighted-average method, what are the equivalent units of production for materials and for conversion costs?
Question 4: Hayek Corporation uses the FIFO method in its process costing. The following data concern the company's mixing department for the month of August. Materials Conversion Work in process, August 1 \$31,734 \$30,320
Cost added to production in the mixing department during August \$91,332 \$81,864 Equivalent units of production for August 7,740 7,580 Required: What are the cost per equivalent unit for materials and the cost per equivalent for conversion for the mixing department for August using the FIFO method?