Examlex

Solved

Answer the Following Questions Using the Information Below

question 104

Multiple Choice

Answer the following questions using the information below:
The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line.Its costing system uses two cost categories,direct materials and conversion costs.Each tractor must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of the production process.
Conversion costs are allocated evenly throughout production.Townsend Tractor uses weighted-average costing.
Data for the Assembly Department for April 2018 are:
Answer the following questions using the information below: The Townsend Tractor Company manufactures small garden tractors on a highly automated assembly line.Its costing system uses two cost categories,direct materials and conversion costs.Each tractor must pass through the Assembly Department and the Testing Department.Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production.Townsend Tractor uses weighted-average costing. Data for the Assembly Department for April 2018 are:    -What amount of conversion costs are assigned to the ending Work-in-Process account for April? A) $145 312.50 B) $250 000.00 C) $180 000.00 D) $143 750.00
-What amount of conversion costs are assigned to the ending Work-in-Process account for April?


Definitions:

Cell Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, which regulates the movement of substances in and out of the cell.

Cytoplasm

The material within a living cell, excluding the nucleus, that contains the organelles and facilitates cellular processes.

Nucleus

The organelle in a cell that contains the majority of the cell's genetic material (DNA/RNA).

Cardiac

Pertaining to the heart.

Related Questions