chapter 17

chapter 17

University

6 Qs

quiz-placeholder

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chapter 17

chapter 17

Assessment

Quiz

Business

University

Practice Problem

Medium

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Hugo Q

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6 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Started - ? = S&C

Ending

Completed and transferred out

Total units

Conversion Costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Completed and transferred out - Beginning = ?

Beginning

Started and Completed

Total Units

Materials

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you get DM cost per unit?

Total DM units / Total units

Ending WIP Units / Total cost of units

Started Units / Total cost of DL

Total DM cost / Total units

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you get conversion cost per unit?

(DM costs + FOH costs) / Total Unit's

DL / Total Units

FOH / Total Units

(DL costs + FOH costs) / Total Unit's

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

On October 1, there were 750 pounds of alloy in process which were 40% complete as to conversion. How do we get beginning conversion units?

750 / .4

750 / .60

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The October 31 inventory in process was 20% complete as to conversion. How do we calculate ending units

Ending Inventory / .20

Ending Inventory / .80

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