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Manal Elkhoshkhany
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1) Compute conversion costs given the following data Direct

Customer Question

1) Compute conversion costs given the following data: Direct Materials, $452,700; Direct Labor, $186,300;
Factory Overhead, $175,600, Selling Expense $45,290
a. $639,000
b. $361,900
c. $175,600
d. $816,600


2) If Department H had 500 units, 60% completed, in process at the beginning of the period, 6,000 units
were completed during the period, and 600 units were 30% completed at the end of the period, what
was the number of equivalent units of production for the period if the first-in, first-out method is used
to cost inventories?
a. 7,100
b. 5,880
c. 5,980
d. 6,380

3) Department R had 5,000 units in work in process that were 75% completed as to labor and overhead at
the beginning of the period, 30,000 units of direct materials were added during the period, 32,000 units
were completed during the period, and 3,000 units were 40% completed as to labor and overhead at the
end of the period. All materials are added at the beginning of the process. The first-in, first-out method
is used to cost inventories. The number of equivalent units of production for conversion costs for the
period was:
a. 32,450
b. 29,450
c. 26,000
d. 31,950

4) The debits to Work in Process--Assembly Department for April, together with data concerning
production are as follows:

April 1, work in process.
Materials cost. 3,000 units $8,000
conversion costs, 3,000 units
66.7% Completed $6,000
Materials added during April, 10,000 units $30,000
Conversion costs during April $31,000
Goods finished during .April, 11, 500 Units -------
April 30 work in process, 1,500 units,
50% completed -------
All direct materials are placed in process at the beginning of the process and the first-in, first-out
method is used to cost inventories. The materials cost per equivalent unit for April is:

a. $2.92
b. $2.31
c. $3.80
d. $3.00

5) Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Round variable cost per unit to two decimal places in your calculations.

Jan Cost $52,000 Machine hours 20,000
Feb Cost $75,000 Machine Hours 29,000
March Cost $57,000 Machine Hours 22,000
April Cost $64,000 Machine Hours 24,500

a. $50,000
b. $1,630
c. $5,000
d. $12,500


6) If fixed costs are $500,000, the unit selling price is $55, and the unit variable costs are $30, what is the break-even sales (units) if fixed costs are increased by $80,000?
a. 19,333 units
b. 23,200 units
c. 10,545 units
d. 25,000 units

7) Mason Corporation had $65,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and a desired minimum rate of return of %15

The residual income for Mason is
a. $0
b. ($6,000)
c. $1,500
d. $84,150

8) Motel Corporation is analyzing a capital expenditure that will involve a cash outlay of $208,240. Estimated cash flows are
expected to be $40,000 annually for seven years. The present value factors for an annuity of $1 for 7 years at interest of 6%, 8%, 10%, and 12% are 5.582, 5.206, 4.868, and 4.564, respectively. The internal rate of return for this investment is:
a. 6%
b. 8%
c. 10%
d. 12%
Submitted: 2 years ago.
Category: Homework
Expert:  Manal Elkhoshkhany replied 2 years ago.
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Manal Elkhoshkhany, Tutor
Category: Homework
Satisfied Customers: 9476
Experience: More than 5000 online tutoring sessions.
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