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WorksheetsQUIZ 4 : TOPIC 8 [PROCESS COSTING]
Total questions: 20
Worksheet time: 20mins
If there are no units in process at the beginning of the period, then
the company must be using a job order cost system.
only one computation of equivalent units of production will be necessary.
the units started into production will equal the number of units transferred out.
the units to be accounted for will equal the units transferred out and the units in process at the end of the period.
In a process costing system, units to be accounted for in a department are equal to the
number of units started or transferred into the department.
number of units transferred out of the department.
units in the beginning inventory plus the units started or transferred into the department.
ending inventory plus the units started or transferred into the department.
The total units accounted for equals units in
beginning work in process – units transferred out.
beginning work in process + ending work in process.
ending work in process + units transferred out.
ending work in process – units started into production.
The Slicing Department production process shows:
Beginning units Work in Process 10,000
Ending units Work in Process 50,000
Total units to be accounted for 180,000
How many units were started into production in the Slicing Department?
190,000.
180,000.
170,000.
130,000.
Department 1 of a two department production process shows:
Units
Beginning Work in Process 10,000
Ending Work in Process 50,000
Total units to be accounted for 180,000
How many units were transferred out to Department 2?
50,000.
130,000.
180,000.
170,000
The Assembly Department shows the following information:
Units
Beginning Work in Process 20,000
Ending Work in Process 65,000
Units Transferred Out 31,000
How many total units are to be accounted for by the Assembly Department?
96,000.
85,000.
76,000.
65,000.
The last department in a production process shows the following information at the end of the period:
Units
Beginning Work in Process 25,000
Started into Production 240,000
Ending Work in Process 50,000
How many units have been transferred out to finished goods during the period?
290,000.
265,000.
240,000.
215,000.
A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 22,000 units were completed and transferred out of the process during the month, how many units were started into production during the month?
23,000.
22,000.
21,000.
20,000
Total units to be accounted for less units in beginning work in process equals
total units accounted for.
units transferred out.
units started into production.
equivalent units.
If 150,000 units are started into production there was no beginning work in process, and 50,000 units are in process at the end of the period, how many units were completed and transferred out?
50,000.
100,000.
150,000.
200,000.
If 180,000 units are transferred out of a department, there was no beginning work in process, and there are 30,000 units still in process at the end of a period, the number of units that were started into production during the period is
210,000.
180,000.
150,000.
30,000.
Conversion cost per unit equals RM6. Total materials cost equal RM90,000. Equivalent units for materials are 10,000. How much is the total manufacturing cost per unit?
RM15
RM12
RM9
RM6
The following department data are available:
Total materials costs RM180,000
Equivalent units of materials 60,000
Total conversion costs RM105,000
Equivalent units of conversion costs 30,000
What is the total manufacturing cost per unit?
RM3.00
RM3.50
RM4.75
RM6.50
Physical units accounted for are 160,000. Total conversion costs are RM387,100. There are 4,000 units in ending inventory which are 50% complete as to conversion costs. How much is the conversion cost per unit?
RM2.45
RM2.42
RM2.39
RM2.36
In a process cost system, a production cost report is prepared
only for the first processing department.
for all departments in the aggregate.
for each processing department.
only for the last processing department.
In the production cost report, the total
physical units accounted for equals the costs accounted for.
physical units accounted for equals the physical units to be accounted for.
costs to be accounted for equals the units to be accounted for.
costs accounted for equals the costs of the units started into production.
Equivalent units of production are a measure of
units completed and transferred out.
units transferred out.
units in ending work in process.
the work done in a period expressed in fully completed units.
In computing equivalent units under the weighted-average method, ___________ is not part of the equivalent units of production formula.
units transferred out
beginning work in process
ending work in process
None of these is correct.
Total physical units to be accounted for are equal to the units
started (or transferred) into production.
started (or transferred) into production plus the units in beginning work in process.
started (or transferred) into production less the units in beginning work in process.
completed and transferred out.
In a production cost report, which one of the following sections is not shown under Costs?
Unit costs.
Costs to be accounted for.
Costs during the period.
Units accounted for.
