Question 3.

Correct answer is Total work in process during the period.

Question 9.

Variable cost per hour = Change in overhead costs / Change in activity level

Variable cost per hour = ($14,182 - $8,748) / (4,200 hours 2,300 hours) =
$5,434/1,900 hours = $2.86 per hour

Fixed overhead cost = Total overhead cost at 4200 hours Variable overhead
cost = $14,182 ($2.86 * 4,200 hours) = $2,170

Estimated cost for 2,800 machine hours = Variable cost + Fixed cost = (2,800
hours * $2.86) + $2,170 = $10,178

Hence, Correct answer is $10,178

Question 10.

Estimated direct labor cost = $50,000

Direct labor rate = $5 per hour

Estimated direct labor hours = Estimated direct labor cost/Direct labor rate =
$50,000/$5 per hour = 10,000 direct labor hours

Estimated manufacturing overhead = Estimated direct labor hours *

Predetermined overhead rate = 10,000 direct labor hours * $4 = $40,000

Hence, correct answer is $40,000

Question 13.

Units remaining in process at the end of the month = Units started during the
month Units completed = 200,000 units 190,000 units = 10,000 units

Percentage of completion = 70%

Equivalents units of ending work in process = 10,000 units * 70% = 7,000 units

Total equivalent units of production = Units completed + equivalent units of

ending work in process = 190,000 + 7,000 = 197,000 units

Total Material costs = $3,152,000

Material costs per unit of production = $3,152,000/197,000 units = $16 per unit

Material cost of ending work in process = $16 per unit * 7,000 units = $112,000

Hence, Correct answer is $112,000