Answer the Following Questions Using the Information Below:
Timekeeper Inc

question 107

Multiple Choice

Answer the following questions using the information below:
Timekeeper Inc. manufactures clocks on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Each product 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. Timekeeper Inc. uses weighted-average costing.
$\begin{array}{ll}\text { Data for the Assembly Depatment for June } 2015 \text { are: }\\\text { Work in process, beginuning inventory }&300 \text { units }\\\text { Direct materials ( } 100 \% \text { complete) }\\\text { Conversion costs ( } 50 \% \text { complete) }\\\text { Units started during June } & 950 \text { units } \\\text { Work in process, ending inventory: } & 150 \text { units } \\\text { Direct materials ( } 100 \% \text { complete) } & \\\text { Conversion costs ( } 75 \% \text { complete) } &\\\\\text { Costs for June 2015: }\\\text { Work in process, beginuning inventory: }\\\text { Direct materials } & \$ 90,000 \\\text { Conversion costs } & \$ 135,000 \\\text { Direct materials costs added during June } & \$ 600,000 \\\text { Conversion costs ad ded during June } & \$ 400,000\end{array}$
-What is the conversion cost per equivalent unit in June?

• A) $552.00
• B) $541.24
• C) $441.24
• D) $428.00

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Definitions:

Job Crafting

The process by which employees proactively modify their jobs in ways that can improve their work experience and performance.

Job Autonomy

Refers to the degree to which a position allows an employee to make decisions about scheduling, procedures, and the methodology used in completing work tasks.

Skill Variety

The degree to which a job requires a variety of different activities using different skills and talents.

Increasing Social

The process of enhancing social interaction, connection, and support networks among individuals or groups.