91.From the foregoing information, determine the production costs transferred to Finished Goods during August.
a. $369,840
b. $408,480
c. $428,800
d. $473,600
92.From the foregoing information, determine the production costs transferred to Cost of Goods Sold during August.‘
a. $369,840
b. $408,480
c. $428,800
d. $473,600
93.Accounting for lean operations requires fewer transactions because
a.large batches of inventory are combined in a smaller number of transactions.
b.costs are accumulated in one department and then transferred to the next department.
c.combined material and conversion costs are transferred to finished goods.
d.costs are transferred from department to department allowing for better controls in costs.
94.Which of the following results in fewer transactions in lean accounting?
a.all manufacturing costs are combined in one account called Raw and In Process Inventory.
b.the distinction between direct and indirect costs is eliminated.
c.there is less movement of inventory between departments.
d.All of the above.
95.The budgeted cell conversion cost rate includes which of the following?
a.only factory overhead
b.only direct labor and direct materials
c.direct labor, direct materials, and factory overhead
d.only direct labor and factory overhead
Schedule of Activity Costs
Quality Control Activities
|
Activity Cost
|
Process audits
|
$50,000
|
Training of machine operators
|
28,000
|
Processing returned products
|
19,000
|
Scrap processing (disposal)
|
25,000
|
Rework
|
8,000
|
Preventative maintenance
|
30,000
|
Product design
|
46,000
|
Warranty work
|
12,000
|
Finished goods inspection
|
23,000
|
96.From the above schedule of activity costs, determine the total activity cost.
a. $62,000
b. $179,000
c. $94,000
d. $241,000
97.From the above schedule of activity costs, determine the non-value-added costs.
a. $30,000
b. $50,000
c. $64,000
d. $85,000
98.From the above schedule of activity costs, determine the value-added costs.
a. $177,000
b. $191,000
c. $156,000
d. $104,000
99.From the above schedule of activity costs, determine the internal failure costs.
a. $37,000
b. $25,000
c. $8,000
d. $33,000
100.From the above schedule of activity costs, determine the external failure costs.
a. $39,000
b. $19,000
c. $12,000
d. $31,000