Examlex

Solved

Answer the Following Questions Using the Information Below:
Samantha's Office

question 140

Multiple Choice

Answer the following questions using the information below:
Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the inception of the production cycle and must be bundled in single kits for each unit. Conversion costs are incurred evenly throughout the production cycle. Inspection takes place as units are placed into production. After inspection, some units are spoiled due to nondetectible material defects. Spoiled units generally constitute 3% of the good units. Data provided for February 2015 are as follows:
 WIP, beginuing inventory 2/1/201551,000 units Direct materials ( 100% complete)  Conversion costs ( 50% complete)   Started during February 170,000 units  Completed and transferred out 180,000 units  WIP, ending inventory 2/28/201526,000 units Direct materials ( 100% complete)   Conversion costs ( 25% complete)  Costs:  WIP, beginning inventory:  Direct materials $280,000 Conversion costs 80,000 Direct materials added 408,000 Conversion costs added 264,000\begin{array} { l }\text { WIP, beginuing inventory } 2 / 1 / 2015&51,000 \text { units } \\ \text {Direct materials ( \( 100 \% \) complete) }\\ \text {Conversion costs ( \( 50 \% \) complete) }\\\\\text { Started during February } & 170,000 \text { units } \\\text { Completed and transferred out } & 180,000 \text { units } \\\\\text { WIP, ending inventory } 2 / 28 / 2015 & 26,000 \text { units }\\ \text {Direct materials ( \( 100 \% \) complete) }\\ \text { Conversion costs ( \( 25 \% \) complete) }\\\\\text { Costs: }\\\text { WIP, beginning inventory: }\\\text { Direct materials } & \$ 280,000 \\\text { Conversion costs } & 80,000 \\\text { Direct materials added } & 408,000 \\\text { Conversion costs added } & 264,000\end{array}

-What costs would be associated with normal and abnormal spoilage,respectively,using the FIFO method of process costing?


Definitions:

mRNA Transport

The process by which messenger RNA (mRNA) molecules are transported from the nucleus to the cytoplasm where they can be translated into proteins.

Regulation of Chromatin

The process by which the structure and function of chromatin are controlled or influenced, affecting gene expression and DNA replication.

Heterochromatin

A tightly packed form of DNA, which comes in different varieties and is associated with regions of DNA that are gene-poor and transcriptionally inactive.

Regulation of Transcription

The process of controlling the synthesis of RNA from a DNA template, a critical step in gene expression.

Related Questions