WorksheetsPROCESS COSTING
Total questions: 14
Worksheet time: 1hrs 10mins
A process costing system is most likely used by which of the following?
airplane manufacturing
a paper manufacturing company
an accounting firm specializing in tax returns
a hospital
Which of the following is a prime cost?
direct labor
work in process inventory
administrative labor
factory maintenance expenses
Which of the following is a conversion cost?
raw materials
direct labor
sales commissions
direct material used
What is the cost of direct labor if the conversion costs are $330,000 and manufacturing overhead is $275,000?
$55,000
$275,000
$330,000
$605,000
What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor, $33,000; and manufacturing overhead, $70,000?
$16,000
$50,000
$103,000
$120,000
What is actual output if total material input is 1,000 and 5% normal loss
1000
50
950
905
During a period, 900 units costing RM19,800 were input to the process. Losses are 6% of input. There is no opening or closing work-in-progress. Which of the following is the cost per unit?
RM22
RM23.16
RM23.40
RM23.41
During a period, 900 units costing RM19,800 were input to the process. Losses are 6% of input with saleable value RM0.50 per unit. There is no opening or closing work-in-progress. Which of the following is the cost per unit?
RM23.40
RM23.37
RM23.41
RM23.35
The output produced in process A is 14,725. Normal loss has been set up as 5% of total input. How much total input for Process A?
13,989
15,000
15,500
15,461
When the input in process F is 10,000 kg with prediction of normal loss is 6%, what is abnormal gain / loss incur if total output manufactured is 9550 kg?
Abnormal Gain 150 kg
Abnormal loss 150 kg
Abnormal gain 450 kg
Abnormal loss 450 kg
A company has one finishing process and uses process costing. During a period 500 units costing $27,800 were input to the process. Losses are 15% of input. There is no opening or closing work in progress.
Which of the following is the cost per unit?
$55.60
$65.41
$61.78
$58.53
A company has one manufacturing process and uses process costing. During a period the cost of raw materials input into the process was $30,000. There was no opening work in progress. 1,000kg of materials were used and losses are 5% of input. Conversion costs were $6,000. There is no closing work in progress.
What is the cost per kg during this period?
$30.00
$31.58
$36.00
$37.89
A company has one finishing process and uses process costing. During a period 500 units costing $27,800 were input to the process. Losses are 15% of input. There is no opening or closing work in progress
Which of the following is the cost per unit?
$55.60
$65.41
$61.78
$58.53
2,700kg of material, costing $9.00 per kg, was input to a manufacturing process in a period. 10% of input is lost through wastage. Conversion costs totalled $18,640 in the period. There was no work-in-progress at the start or end of the period. What was the cost per kg of output in the period?
$15.90
$16.67
$17.67
$16.90
