Within the Manufacturing Overhead Control account, if no manufacturing overhead has been applied, the posted entries for “actual manufacturing overhead” will generate a

Kara is an accountant for Villa, Inc., a small factory that manufactures disposable hospital gowns and slippers. Previously, Villa had been utilizing a traditional costing system to account for its budgeted Manufacturing Overhead (MOH) costs. After a few years, Kara recommended that the company opt for Activity-Based Costing (ABC) as that would afford it the opportunity to better account for the costs. She has determined that Villa had three key activities to use for MOH budgeted costs: Materials sorting, garment inspection, and materials management wages. She has collected the following data:Materials sorting: $38500 (3500 sorting hours)Garment inspection: $55300 (4254 inspection hours)Materials management wages: $18700 (13300 management hours)If gowns used 2000 sorting hours, then what amount of material sorting MOH costs will be allocated to slippers?

GingerHouse sells its product for $81 per unit. During 2025, it produced 121400 units and sold 106400 units. Costs per unit are: direct materials $26, direct labor $10, variable overhead $5, and variable operating expenses $3. Fixed costs are $971200 manufacturing overhead, and $76000 operating expenses. Assuming no variances were reported, no beginning inventory exists, and the company uses absorption costing, what will be reported as cost of goods sold?

Tina is currently working on assembling some numbers for her client’s cost accounting practices for the current year. The client is a factory that produces condiments including ketchup and mayonnaise. It uses traditional costing, and Tina would like to calculate total cost per unit. The client has the following costs (same for both condiments): Direct Materials (DM), $88870; Direct Labor (DL), $94000; and their Manufacturing Overhead (MOH) will be 85% of their DL cost. It produced 44000 units of ketchup and 57000 units of mayonnaise during the period. What is the client’s total cost per unit for mayonnaise?

Peterson Bread Co can produce and sell only one of the following bakery products:     Unit Contribution Margin Required Bakery Hours Multi-Grain Bread $4 .3 hours Brioche Bread $3 .2 hours Peterson has oven capacity of 1,500 hours. If Peterson bakes only the most profitable product, how much will the total contribution margin be?  

During 2022, inventory increased by 7600 units. The following information for the company is available: Variable Fixed Manufacturing costs per unit $12.00 $6.00 Operating costs (variable is per unit) $4.00 $11000 If the company uses absorption costing rather than variable costing, the effect on operating income would be a

Red Spruce manufacturing has two production departments and two support departments. The number of employees for each department is as follows: Human Resources    7 Accounting 14 Machining – Producing 500 Assembly – Producing 240 Human Resources shows a budget of $22,500 and accounting, $109,000, for the coming year. Support department costs are allocated on the basis of the number of employees. The supporting department with the highest number of employees is assumed to provide more support. What amount would be allocated to the accounting department using the step method? (Do not round the intermediate calculations.)

A manufacturer of fruit-flavored toaster pastries had a very busy month. After the accountants looked over all of the production activity, they have determined that the following costs have been incurred:Direct Materials (DM)Dough, $8350Icing, $9510Strawberry, $1258Blueberry, $1453Raspberry, $968Direct Labor (DL)Salaries and Wages, $13357Manufacturing Overhead (MOH)MOH Control, $12656All of the given costs were incurred within the baking department. Once units are completed, they move on to a finishing department before reaching their final destination at packaging where they are packaged for sales. The baking department’s work in process account had a beginning balance of $1257 and units completed and transferred out were $48419. Which of the following represents a correct portion of a journal entry to account for these costs?

ASSESSMENT DETAILS This assessment is a Paper 2 Assessment.  TOTAL AMOUNT OF TIME: 80 minutes Time allowed for printing and reading: 10 minutes Duration of test; 60 minutes Time allowed for scanning and uploading: 10 minutes INSTRUCTIONS TO ALL STUDENTS Do not open this assessment until instructed to do so. A graphic display calculator is required for this paper. Section A: answer all questions. Answers must be written on the exam paper within the answer boxes provided. Unless otherwise stated in the question, all numerical answers must be given exactly or correct to three significant figures. A clean copy of the mathematics: analysis and approaches formula booklet is required for this paper. The maximum mark for this assessment is [55 marks].

An example of a teratogen is