WGU D101: Managerial and Cost Accounting (JSV1) | PA|
Pre-Assessment Exam
Correct
Incorrect
1 of 47
Term
What is true about debits in the work-in-process T-account during the
period?
Give this one a try later!
They are direct labor costs incurred They are costs of goods
only during the period. manufactured during the period.
They are direct material costs They are costs put into
incurred only during the period. production during the period.
Don't know?
2 of 47
,Term
A company had 5,000 partially completed units in beginning work-in-
process inventory. This period, after the 5,000 beginning inventory units
were completed, another 35,000 units were started. At the end of the
period, 7,000 units were in ending work-in-process inventory.
How many units were completed and transferred out during this
period?
Give this one a try later!
23,000 33,000
40,000 37,000
Don't know?
3 of 47
Term
An auto company reports these cost data:
Actual Results
Total labor cost: $1,140,000
Number of units produced: 10,000
Number of labor hours worked: 24,000
The company has established these standards:
Number of labor hours to produce one unit: 2
, U U
F F
, 4 of 47
Term
A toy company reports these cost data:
Actual Results
Total manufacturing overhead: $35,000
Number of units produced: 3,000
Number of labor hours worked: 8,000
The company has established these standards:
Total manufacturing overhead: $36,000
Number of direct labor hours worked: 9,000
What is the variable manufacturing overhead spending variance?
Give this one a try later!
$3,000 F $8,000 U
$3,000 U $8,000 F
Don't know?
5 of 47
Term
Pre-Assessment Exam
Correct
Incorrect
1 of 47
Term
What is true about debits in the work-in-process T-account during the
period?
Give this one a try later!
They are direct labor costs incurred They are costs of goods
only during the period. manufactured during the period.
They are direct material costs They are costs put into
incurred only during the period. production during the period.
Don't know?
2 of 47
,Term
A company had 5,000 partially completed units in beginning work-in-
process inventory. This period, after the 5,000 beginning inventory units
were completed, another 35,000 units were started. At the end of the
period, 7,000 units were in ending work-in-process inventory.
How many units were completed and transferred out during this
period?
Give this one a try later!
23,000 33,000
40,000 37,000
Don't know?
3 of 47
Term
An auto company reports these cost data:
Actual Results
Total labor cost: $1,140,000
Number of units produced: 10,000
Number of labor hours worked: 24,000
The company has established these standards:
Number of labor hours to produce one unit: 2
, U U
F F
, 4 of 47
Term
A toy company reports these cost data:
Actual Results
Total manufacturing overhead: $35,000
Number of units produced: 3,000
Number of labor hours worked: 8,000
The company has established these standards:
Total manufacturing overhead: $36,000
Number of direct labor hours worked: 9,000
What is the variable manufacturing overhead spending variance?
Give this one a try later!
$3,000 F $8,000 U
$3,000 U $8,000 F
Don't know?
5 of 47
Term
