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