A firm's Dept 3G showed transferred costs of $ 500 and conversions costs of $ 750. Costs transferred out of that department to the next in the process, Dept 3H, totaled $ 1,250. They started the period with no WIP. We can therefore know that
a. no materials are added in Dept 3G
b. all items worked on were completed during the period.
c. there is missing information from this report
d. there is no WIP at the end of this period.
e. All of the above except for (c) are correct
Hector has been assigned the task of determining the overhead rate for the next manufacturing period. Before she can accomplish this assignment, she will need to know
a. the relevant activity base used in this department.
b. the estimated total manufacturing overhead costs for the coming period.
c. the activity level predicted for the coming period
d. both (a) and (c) above
e. All of the above
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