ACCOUNTING 9 2ND QUIZ (4/6/21)

MCQ-Computational

1. Beginning Inventory 0; Units placed in production during the month 73,000;Units

transferred to the next department during the month 67,000; ending work in process
(1/3 complete as to overhead); overhead costs incurred for the month P282,900. What
is the equivalent production for overhead during the month? *
answer not given
71,000
73,000
67,000

2.Beginning Inventory 0; Units transferred in during the month 4,700;Units transferred

to finished goods during the month 4,300; ending work in process (25% complete as to
labor) 400; labor costs incurred for the month P14,080. What is the equivalent
production for labor during the month? *
4,400
answer not given
4,600
4,700

3.The cost of materials put into production in a department during the month totaled
P188,400. By the end of the month, these materials had been used for 32,000 units of
which 29,000 were completed and transferred out and 3,000 were in process. Eighty
percent of materials were added to the units in process. What is the equivalent units of
production for materials? *
31,400
32,000
29,600
31,000

4. The cost of materials put into production in a department during the month totaled
P188,400. By the end of the month, these materials had been used for 32,000 units of
which 29,000 were completed and transferred out and 3,000 were in process. Eighty
percent of materials were added to the units in process. What is the cost per
equivalent unit for materials? *
P6.36
P5.89
P6.00
P6.50

5.Beginning Inventory 0; Units placed in production during the month 73,000;Units

transferred to the next department during the month 67,000; ending work in process
(1/3 complete as to overhead); overhead costs incurred for the month P282,900. What
is the overhead cost in the units transferred out? *
P250,800
P247,000
P274,700
P247,700

6.Beginning Inventory 0; Units placed in production during the month 73,000;Units

transferred to the next department during the month 67,000; ending work in process
(1/3 complete as to overhead); overhead costs incurred for the month P282,900. What
is the number of ending work in process? *
6,000
7,000
5,000
4,000

7.Beginning Inventory 0; Units transferred in during the month 4,700;Units transferred

to finished goods during the month 4,300; ending work in process (25% complete as to
labor) 400; labor costs incurred for the month P14,080. What is the labor cost per
equivalent unit? *
P3.06
P3.00
P3.20
P3.27

8.Red Company had 6,000 units in the process at the beginning of the month in
Dept.1 During the month an additional 14,000 units were placed in the process. If Red
Company had 4,200 unit in process at the end of the month, what is the number of
units transferred to Dept.2 assuming all units completed in Dept.1 are transferred to
Dept.2? *
24,200
15,800
20,000
18,200

9.Department 1 had put 95,000 units into process during the period and had ending
units in process of 21,000 units. What is the number of units transferred to finished
goods inventory if the Dept. 2's ending units in process are 12,000? *
74,000
62,000
104,000
83,000

10.Beginning Inventory 0; Units transferred in during the month 4,700;Units

transferred to finished goods during the month 4,300; ending work in process (25%
complete as to labor) 400; labor costs incurred for the month P14,080. What is the
labor cost in the ending work in process? *
P320
P306
P1,280
P960