超星 - Chap 4 - 查题吧

单选题

Under the weighted-average method, the cost of units transferred out of a department is computed as follows for a cost category:

A. Costs added during the period + Cost of beginning work in process inventory
B. Units transferred to the next department × Cost per equivalent unit
C. Units in ending work in process inventory × Cost per equivalent unit
D. Cost of ending work in process inventory – Cost of beginning work in process inventory

单选题

In the cost reconciliation report under the weighted-average method, the “Total cost accounted for” equals:

A. Cost of beginning work in process inventory + Cost of units transferred out
B. Cost of beginning work in process inventory + Cost of units transferred in
Cost of ending work in process inventory + Cost of units transferred out
D. Cost of ending work in process inventory + Cost added to production during the period

单选题

In the cost reconciliation report under the weighted-average method, the “Costs to be accounted for” section contains which of the following items?

A. Cost of beginning work in process inventory
B. Cost of ending work in process inventory
Cost of units transferred out
D. Cost of ending finished goods inventory

单选题

All of the following statements are correct when referring to process costing except:

A. Process costing would be appropriate for a jeweler who makes custom jewelry to order.
B. A process costing system has the same basic purposes as a job-order costing system.
C. Units produced are indistinguishable from each other.
D. Costs are accumulated by department.

单选题

A process costing system is employed in those situations where:

A. many different products, jobs, or batches of production are being produced each period.
B. where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.
C. a service is performed such as in a law firm or an accounting firm.
D. full or absorption cost approach is not employed.

单选题

Which of the following types of companies would typically use process costing rather than job-order costing?

A small appliance repair shop.
B. A manufacturer of commercial passenger aircraft.
C. A specialty equipment manufacturer.
D. A breakfast cereal manufacturer.

单选题

Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January. Data concerning inventories follow: Inventory at January 1: Work in process............................................................................ None Finished goods............................................................................. 75,000 units Inventory at January 31: Work in process (75% complete with respect to conversion costs)... 24,000 units Finished goods................................................................................. 60,000 units What were the equivalent units for conversion costs for January?

A. 285,000 units.
B. 303,000 units
C. 300,000 units
D. 309,000 units

单选题

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $16,200. An additional 84,000 units were started into production during the month. There were 17,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $836,880 in conversion costs were incurred in the department during the month.The cost per equivalent unit for conversion costs for the month is closest to:

A. $8.286
B. $9.000
C. $8.804
D. $9.963

单选题

Paceheco Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department’s operations in January. Units Percent Complete with Respect to Conversion Beginning work in process inventory................................................ 5,100 70% Transferred in from the prior department during January................... 59,000 Completed and transferred to the next department during January.... 56,800 Ending work in process inventory.................................................... 7,300 40% The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $34,558 and a total of $559,254 in conversion costs were incurred in the department during January.The cost per equivalent unit for conversion costs for January in the Molding Department is closest to:

A. $9.479
B. $9.943
C. $9.680
D. $8.435

单选题

Lucas Corporation uses the weighted-average method in its process costing system. The company adds materials at the beginning of the process in the Forming Department, which is the first of two stages in its production process. Information concerning operations in the Forming Department in October follows: Units Materials Cost Work in process on October 1.................................................................... 6,000 $3,000 Units started during October...................................................................... 50,000 $25,560 Units completed and transferred to the next Department during October...... 44,000 What was the materials cost of work in process at October 31?

A. $3,060
B. $5,520
C. $6,000
D. $6,120

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