Ring Company Produces Two Types of Product: Small and Large

question 42

Multiple Choice

Ring Company produces two types of product: Small and Large. Two work orders for two batches of the products are shown below, along with some additional cost information:
$\begin{array}{lcc}&\text { Small }&\text { Large } \\&\text {Work Order } 10&\text { Work Order } 11\\\hline\text { Direct materials (actual costs) } & \$ 45,000 & \$ 75,000 \\\text { Applied conversion costs: } & & \\\text { Mixing } &?& ? \\\text { Cooking } & \$ 12,000 & \$ 12,000 \\\text { Bottling } & \$ 10,000 & \$ 15,000 \\\\\text { Batch size (bottles) }& 5,000 & 5,000\end{array}$
In the Mixing Department,conversion costs are applied on the basis of direct labour hours.Budgeted conversion costs for the department for the year were $50,000 for labour and $125,000 for overhead.Budgeted direct labour hours were 2,500.It takes three minutes to mix the ingredients needed for each bottle.
Small (Work Order 10) and Large (Work Order 11) flow through the Mixing Department first,then through the Cooking and Bottling departments.
-Refer to the figure.What is Ring Company's amount transferred from the Mixing Department to the Bottling Department for Work Order 10?

• A)$39,500
• B)$45,000
• C)$62,500
• D)$84,500

Recognize how Excel interprets and converts two-digit year entries.

Identify how to reference cells within formulas and understand the result of this action.

Learn to use specific functions such as MIN, MAX, and AVERAGE to analyze data ranges.

Understand the utilities of Excel options like Auto Fill, AutoCorrect, and error-checking tools.

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