The materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is:

Problem I- (A) – (8 points)  Journalize the following entries for Wiley Company.   (1)  Purchased raw materials for $50,000 on account.  (2)  Raw materials requisitioned for production in a process costing were:            Direct materials                 Mixing department                                     $20,000                 Finishing department                                   14,000   (3)  Factory labor used: $50,000, of which $20,000 was indirect:            Mixing department                                          $40,000            Finishing department                                        10,000   (4) Other factory overhead incurred $45,000, (credit accounts payable)    (5)  Manufacturing overhead is applied to the products based on machine hours used in each department:            Mixing department—400 machine hours at $30 per machine hour.            Finishing department—500 machine hours at $20 per machine hour.  (6)  Units costing $56,000 were completed in the Mixing Department and were transferred to the Finishing Department.  (7)  Units costing $70,000 were completed in the Finishing Department and were transferred to finished goods. (8)  Finished goods costing $40,000 were sold on account for $55,000.      

If the unit selling price is $16, the unit variable cost is $12, and fixed costs are $160,000, what is the break-even sales (units)?

Process A had no beginning work in process, but completed and transferred out 85,000 units during a period and had 50,000 units in the ending work in process inventory that were 30% complete. The equivalent units of production for the period were:

Diliberto Company has a predetermined overhead rate of 125% based on direct labor costs. How much factory overhead would be applied to Job No. 66 if it required total direct labor costing $20,000?

XYZ Division sold 200,000 calculators during 2019:Sales                                                                                $2,000,000Variable costs:   Materials                                             $380,000  Order processing                              150,000  Billing labor                                          110,000  Selling expenses                                   60,000                    Total variable costs                                 700,000Fixed costs                                                                    1,000,000 How much is the unit contribution margin?

Assume that the unit selling price is $16, the unit variable cost is $12, and fixed costs are $160,000. How many units of sales would be required to realize income from operations of $20,000?

Problem I- (B) – (12 points)  (a) The Packaging Department for Murph Dog Incorporated had 400 pounds of dog food in beginning work-in-process inventory (30% complete for conversion costs) at August 1. During August, 2,500 pounds were completed. The ending inventory on August 31 was 600 pounds (45% complete for conversion costs). Based on the preceding information, what are the total equivalent units for conversion costs for the month of August? (Hint: There will be 3 calculations to make.)    (b) If conversion costs for August are $175,000, what is the cost per equivalent unit for conversion costs for August? (Hint: Use what you calculated above in making this calculation.)  

The sales level at which a company neither earns a profit nor incurs a loss is the:

The job order cost system best fits the needs of a company manufacturing: