29 Jun Question Hunten Manufacturing assigns overhead based on machine hours. The Milling Department logs 1,400 machine hours and Cutting Department shows 3,000 machine hours for
Question
Hunten Manufacturing assigns overhead based on machine hours. The Milling Department logs 1,400 machine hours and Cutting Department shows 3,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a
credit to Manufacturing Overhead for $22,000.
debit to Work in Process for $15,000.
debit to Manufacturing Overhead for $22,000.
credit to Work in Process—Cutting Department for $15,000.
Question 4
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A process with no beginning work in process, completed and transferred out 95,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete. The equivalent units of production for the period were:
110,000 equivalent units.
47,500 equivalent units.
95,000 equivalent units.
145,000 equivalent units.
The Molding Department of Kenst Company has the following production data: beginning work in process 40,000 units (60% complete), started into production 680,000 units, completed and transferred out 690,000 units, and ending work in process 70,000 units (40% complete). Assuming conversion costs are incurred uniformly during the process, the equivalent units for conversion costs are:
690,000.
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