Question

Anzalone Corporation adds raw materials to production at the beginning of the process in the Assembly...

Anzalone Corporation adds raw materials to production at the beginning of the process in the Assembly Department. Materials data for this department for May 2018 are as follows:

Costs
Units Materials Conversion
Work in process, May 1 25,000 $ 68,750 $167,650
Started during May 100,000 300,000 903,350
Work in process, May 31 10,000


Beginning inventory was 70 percent complete. Ending inventory was 40 percent complete.
How many equivalent units for conversion costs would there be for Anzalone Corporation in May using the FIFO method?

a.111,500 units

b.100,000 units

c.101,500 units

d.125,000 units

Tandem Company manufactures two products (D and F). The overhead costs ($84,000) have been divided into three cost pools that use the following activity drivers:

Product Number of Setups Machine Hours Packing Orders
D 10 500 75
F 10 2,000 175
Cost per pool $9,000 $60,000 $15,000


Using functional-based costing, what is the amount of overhead cost to be assigned to Product D using machine hours as the allocation base?

a.$12,000

b.$16,800

c.$48,000

d.$60,000

Business   Accounting   
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Homework Answers

Answer #1
1
Work in process, May 1 7500 =25000*(1-70%)
Started and completed during May 90000 =100000-10000
Work in process, May 31 4000 =10000*40%
Equivalent units for conversion costs 101500
Option C 101,500 units is correct
2
Overhead costs 84000
Divide by Machine Hours 2500
Overhead rate 33.60
Machine Hours Product D 500
X Overhead rate 33.60
Amount of overhead cost assigned to Product D 16800
Option B $16,800 is correct
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