101. In a process costing operation, the direct labor of a production department includes:A. All labor used exclusively by that department, even if the labor is not applied to the product itself.B....

101. In a process costing operation, the direct labor of a production department includes:
A. All labor used exclusively by that department, even if the labor is not applied to the product itself.
B. All labor used exclusively by that department, but only if the labor is applied to the product itself.
C. All labor for that department, including labor for services that help more than one production department, such as clerical, repair, and computer technicians.
D Only labor that helps more than one production department, such as clerical, repair, and computer technicians.
E Only that labor that is recorded in the Factory Payroll account.

102. Which of the following pair of journal entries correctly records the current month’s activity where the company had $42,060 in total factory labor costs that were paid in cash with $32,400 of this total for direct labor?

103. Which of the following pair of journal entries correctly records the current month’s activity where the company had $21,030 in total factory labor costs that were paid in cash with $16,200 of this total for direct labor?

104. After posting all actual factory overhead and applying factory overhead to production departments in a process costing system:
A. There will never be underapplied overhead.
B. There will never be overapplied overhead.
C. There will always be underapplied overhead.
D. There will always be overapplied overhead.
E. There may be over or underapplied overhead.

105. Hou Company applies factory overhead to its production departments on the basis of 90% of direct labor costs. In the Assembly Department, Hou had $125,000 of direct labor cost, and in the Finishing Department, Hou had $35,000 of direct labor cost. The entry to apply overhead to these production departments is:

106. Assume that the Hood River Juice Company applies factory overhead to its production departments on the basis of 65% of direct labor costs. Direct labor in the Squeezing Department was $80,000 and direct labor in the Filtering Department was $12,000. The entry to apply overhead to these production departments is:

107. To compute an equivalent unit of production, one must be able to reasonably estimate:
A. The percentage of completion.
B. Units completed.
C. Units started and completed.
D. Direct labor cost.
E. Materials cost.

108. A company's beginning work in process inventory consisted of 20,000 units that were one-fifth complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were one-third complete at the end of the period. Using FIFO, the equivalent units of production were:
A. 60,000
B. 74,000
C. 76,000
D. 86,000
E. 90,000

109. A company's beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were one-third complete at the end of the period. Using the weighted-average method, the equivalent units of production were:
A. 60,000
B. 74,000
C. 76,000
D. 86,000
E. 90,000

110. The following data are available for a company's manufacturing activities:

Assume the company uses FIFO inventory. If materials are added when the production process begins and direct labor is applied uniformly throughout the process, what are the equivalent units for direct materials and for direct labor, respectively?
A. 16,250; 19,250
B. 16,250; 21,750
C. 21,000; 19,250
D. 19,250; 18,750
E. 21,000; 22,250