Attached are my problems I am having trouble with. Any help with my accounting problems would be greatly appreciated!

Attached are my problems I am having trouble with. Any help with my accounting problems would be greatly appreciated!

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1.
Which one of the following is a similarity of both a job order and a process cost system?
a.
They both track direct materials and direct labor but not manufacturing overhead
b.
They both track conversion costs, but not materials
c.
They both track the same three manufacturing cost elements—direct materials, direct labor,
and manufacturing overhead
d.
They both are used for the same type of inventory production items
2.
In the Cartoon Company, there are 1,000 units in beginning work in process, 9,000 units stated
into production, and 800 units in ending work in process 40% completed.
How many physical
units are to be accounted for?
a.
10,000
b.
9,200
c.
10,800
d.
8,800
3.
Zebra Company began the month of June with 650 units in beginning work in process, 11,400
units started into production, and 500 units in ending work in process that are 30% completed.
How many units were transferred out during June?
a.
11,550
b.
12,050
c.
11,900
d.
11,250
4.
The cutting Department’s output during the period consists of 12,000 units completed and
transferred out, and 3,000 units in ending work in process that were 25% complete as to materials
and conversion costs.
Beginning inventory was 1,500 units that were 25% complete as to
materials and conversion costs.
Under the FIFO method, what are the equivalent units of
production for materials?
a.
13,725
b.
12,375
c.
14,475
d.
13,500
5.
The wrapping department’s output during the period consists of 10,000 units completed and
transferred out, and 600 units in ending work in process that were 75% complete as to materials
and conversion costs.
Beginning inventory was 800 units that were 30% complete as to materials
and conversion costs.
Under the FIFO method, what are the equivalent units of production for
materials?
a.
10,690
b.
11,019
c.
10,450
d.
10,210
6.
Which one of the following types of companies would most likely use a job cost system?
a.
Manufacturer of duct tape
b.
Producer of movies
c.
Manufacturer of pencils
d.
Manufacturer of petroleum
7.
At what point in time are costs of raw materials debited to Work in Process Inventory?

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a.
When the materials are put into production
b.
When the bill for the materials is paid
c.
When the materials are ordered
d.
When the materials are received
8.
Which one of the following describes factory labor?
a.
It is debited to manufacturing overhead when incurred
b.
It is debited to jobs as they are completed
c.
It is an inventory account in a job cost system
d.
It is assigned to work in process or manufacturing overhead
9.
Which of the following would use a job order cost system?
a.
The pasteurization of milk
b.
The production of town homes
c.
The production of textbooks
d.
The production of cans of spinach
10. Which of the following characteristics does not usually apply to process manufacturing systems?
a. Each unit of product is separately identifiable.
b. Partially completed products are transferred between processes.
c. Different managers are responsible for different processes.
d. The output of all processes except the final process is an input to the next process.
e. All of these are characteristics of process manufacturing systems.
Problem # 1 processing costing
Cromer Manufacturing Company produces a product in two departments: (1) Production and (2)
Assembly. The company uses a process cost accounting system.
a.
Aug 3
Purchased raw materials for $51,000 on account.
b.
Aug 5
Raw materials requisitioned for production were:
Direct materials
Production department
$30,000
Assembly department
14,000
c.
Aug 8
Incurred labor costs of $57,000.
d.
Aug 12
Factory labor used:
Production department
$32,000
Assembly department
25,000
e.
Aug 15
Manufacturing overhead is applied to the product based on machine hours used in each
department:
Production department—250 machine hours at $30 per machine hour.
Assembly department—500 machine hours at $20 per machine hour.
f.
Aug 20 Units costing $58,000 were completed in the Production Department and were transferred to
the Assembly Department.
g.
Aug 25
Units costing $50,000 were completed in the Assembly Department and were transferred to
finished goods.
h.
Aug 30Finished goods costing $20,000 were sold on account for $45,000.
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