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The creation of separate quality departments in the early 1900s caused 1. The creation of separate quality departments in the early 1900s caused: a. indifference to quality among workers and their managers. b. upper management to be more knowledgeable about quality. c. production quality to substantially improve. d. production efficiency to decline. 2. The two U.S. consultants that worked with the Japanese to integrate quality through ...

Other / Other 28 May 2016

Assessment of quality is affected by one’s position in the value chain True or false: 1. A value-based perspective on quality implies a relationship of usefulness to price. 2. Assessment of quality is affected by one’s position in the value chain. 3. Improved quality of design leads to lower costs and improved quality of conformance leads to higher prices. 4. In general, employee empowerment has been viewed as an ef ...

Other / Other 28 May 2016

Cost of goods sold is the amount of cost transferred 1. Cost of goods sold is the amount of cost transferred A. out of Finished Goods Inventory and into Cost of Goods Sold. B. out of Work in Process Inventory and into Cost of Goods Sold. C. out of Work in Process Inventory and into Manufacturing Overhead. D. out of Work in Process Inventory and into Finished Goods Inventory. 2. Acme Company had the following information for the year ...

Other / Other 28 May 2016

Irwin Inc. uses a job order costing system with manufacturing 1. Irwin Inc. uses a job order costing system with manufacturing overhead applied to products at a rate of 150% of direct labor cost. Treating each case independently, find the missing amounts for a through l: Case#1 Case # 2 Case#3 Direct materials used $20,000 e. $10,000 Direct labor $25,000 f. i. Manufacturing overhead applied a. $45,000 j. Total manufacturing cos ...

Other / Other 28 May 2016

Overhead costs are overapplied if the amount applied to Work in Process is 1. Manufacturing overhead was estimated to be $200,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $215,000, and actual labor hours were 21,000. The amount debited to the Manufacturing Overhead account would be A. $200,000 B. $215,000 C. $210,000 D. $225,750 2. Manufacturing overhead was estimated to be $200,000 for th ...

Other / Other 28 May 2016

Calculate the predetermined overhead rate 1. Wyse Corp uses a normal job order costing system with manufacturing overhead applied to products on the basis of direct labor hours. For the upcoming year, Wyse Corp estimated total manufacturing overhead cost at $500,000 and total direct labor hours of 50,000. Wyse Corp started the year with no beginning balances in either Work in Process Inventory or Finished Goods Inventory. During the year a ...

Other / Other 28 May 2016

Couderay Corp. applies manufacturing overhead to production 1. Couderay Corp. applies manufacturing overhead to production at 75% of direct labor cost. During 2008, manufacturing overhead of $150,000 was applied to production; actual manufacturing overhead was $156,000. Ending Work in Process Inventory was $22,000 and ending Finished Goods Inventory was $36,000. Work in Process Inventory increased by 10% during the year and Finished Goods ...

Other / Other 28 May 2016

When units are sold, the cost associated with the units is debited to which account 1. When units are completed, the cost associated with the job is credited to which account? A. Raw Materials Inventory B. Work in Process Inventory C. Finished Goods Inventory D. Cost of Goods Sold 2. When units are sold, the cost associated with the units is credited to which account? A. Raw Materials Inventory B. Work in Process Inventory C. Fi ...

Other / Other 28 May 2016

Beaulieau Inc uses a job order costing system 1. Beaulieau Inc uses a job order costing system. Manufacturing overhead is applied on the basis of direct labor cost. Total manufacturing overhead was estimated to be $120,000 for the year; direct labor was estimated to total $150,000. 1/1 12/31 Raw materials inventory $13,000 $10,000 Work in process inventory $19,000 $22,000 Finished goods inventory $41,000 $32,000 The following tra ...

Other / Other 28 May 2016

How much overhead would be applied to Job #1478 1. Sorrento Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job #1478), as summarized below: Job number: #1478 Date started :4/07/2008 Date completed: 4/22/2008 Description : cherry kitchen cabinets Direct materials Req# amount 385 $300 391 225 395 1 ...

Other / Other 28 May 2016