Q1. Process cost accounting is used when

A) the production process is continuous.

B) production is aimed at filling a specific customer order.

C) dissimilar products are involved.

D) costs are to be assigned to specific jobs.

Q2. In a process cost system,

A) a W-I-P account is kept for each product.

B) a materials requisition must identify the job on which the materials will be used.

C) a W-I-P account is kept for each process.

D) one W-I-P account is maintained for all the processes, similar to a job order cost system.

Q3. Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 15,000 Total units to be accounted for 40,000 How many units were started into production in Department 1?

A) 25,000.

B) 65,000.

C) 55,000.

D) 30,000.

Q4. Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 15,000 Total units to be accounted for 40,000How many units were transferred out to Department 2?

A) 25,000.

B) 65,000.

C) 55,000.

D) 30,000.

Q5. A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory 30,000 units were started into production in January and there were 8,000 units that were 45% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of January?

A) 33,600 equivalent units

B) 25,600 equivalent units

C) 30,000 equivalent units

D) 38,000 equivalent units

Q6. A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning work in process inventory 30,000 units were started into production in January and there were 8,000 units that were 45% complete in the ending work in process inventory at the end of January.What were the equivalent units of production for conversion costs for the month of January?

A) 33,600 equivalent units

B) 25,600 equivalent units

C) 30,000 equivalent units

D) 38,000 equivalent units

Q7. When manufacturing overhead costs are assigned to production in a process cost system, they are debited to

A) the Finished Goods Inventory account.

B) Cost of Goods Sold.

C) a Manufacturing Overhead account.

D) the Work in Process account.

Q8. In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June, 14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.How many units were transferred out of the process in June?

A) 20,000 units

B) 21,000 units

C) 22,000 units

D) 15,000 units

Q9. In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June, 14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials for June was

A) 20,000 equivalent units.

B) 21,000 equivalent units.

C) 22,000 equivalent units.

D) 20,300 equivalent units.

Q10. In the month of June, a department had 7,000 units in beginning work in process that were 90% complete. During June,14,000 units were transferred into production from another department. At the end of June there were 1,000 units in ending work in process that were 30% complete. Materials are added at the beginning of the process while conversion costs are incurred uniformly throughout the process.The equivalent units of production for conversion costs for June was

A) 20,000 equivalent units.

B) 21,000 equivalent units.

C) 20,700 equivalent units.

D) 20,300 equivalent units.