How would Lynn's ratios using absorption costing compare with those
using variable costing?
45. A direct labor overtime premium should be charged to a specific
job when the overtime is caused by the
46. In a job cost system, manufacturing overhead is
47. Birk C o. uses a job order cost system. The following debits
(credits) appeared in Birk's work in process account for the month of
April 2005: Birk applies overhead to production at a predetermined
rate of 80% of the direct labor cost. Job No. 5, the only job still in
process on April 30, 2005, was charged with direct labor of $2,000.
What was the amount of direct materials charged to Job No. 5?
47.
48. A job order cost system uses a predetermined factory overhead rate
based on expected volume and expected fixed cost. At the end of the
year, under applied overhead might be explained by which of the
following situations?
49. A standard cost system may be used in
50. During the current year, the following manufacturing activity took
place for a company's products: Beginning work in process: 10,000
units, 70% complete, Units started into production during the year:
150,000 units, Units completed during the year: 140,000 units, Ending
work in process: 20,000 units, 25% complete. What was the number of
equivalent units produced using the first-in, first-out method?
51. Yarn Co.'s inventories in process were at the following stages of
completion on April 30, 2004:
52. The forming department is the first of a two-stage production
process. Spoilage is identified when the units have completed the
forming process. The costs of spoiled units are assigned to units