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Caldwell Company has provided the following inventory balances and manufacturing cost data for the month of January:   Inventories January 1 January 31 Direct materials $30,000 $40,000 Work in process $15,000 $20,000 Finished goods $65,000 $50,000   Month of January   Cost of goods manufactured $515,000 Manufacturing overhead applied $150,000 Direct materials used $190,000 Actual manufacturing overhead $144,000   Under Caldwell’s job-order costing system, any over or under-applied overhead is closed  to the Cost of Goods Sold account at the end of the calendar year (i.e., December 31).   How much direct labor cost was incurred during January?

Darden Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 10% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $16,200. An additional 84,000 units were started into production during the month. A total of 85,000 units were completed and transferred out during the period. There were 17,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $836,880 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs for the month is closest to:

With respect to a fixed cost, an increase in the activity level within the relevant range results in:

The following data have been collected for four different cost items. Cost Item Total Cost at 100 Units Total Cost at 140 Units W $8,000 $10,560 X $5,000 $5,000 Y $6,500 $9,100 Z $6,700 $8,580 Which of the following cost classifications of these cost items by cost behavior is correct? The costs are classified as: Cost W Cost X Cost Y Cost Z A) Variable Fixed Mixed Variable B) Mixed Fixed Variable Mixed C) Variable Fixed Variable Variable D) Mixed Fixed Mixed Mixed

Thomas Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 10,000 units in its beginning work in process inventory that were 30% complete with respect to  conversion costs. The conversion cost in this beginning work in process inventory was $19,200. An additional 60,000 units were started into production during the month. A total of 51,000 units were completed and transferred out to the next department. There  were 19,000 units in the ending work in process inventory of the Welding Department that were 70% complete with respect to conversion costs. A total of $380,060 in conversion costs were incurred in the department during the month.   What would be the cost per equivalent unit for conversion costs for the month? (Round your answer to three decimal places.)                       

Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 2,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 61,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 18,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

Salaries of accounts receivable clerks when one clerical worker is needed for every 750 accounts receivable is an example of a:

Hardouin Company uses the weighted-average method in its process costing system. The first processing department, the Welding Department, started the month with 22,000 units in its beginning work in process inventory that were 20% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $23,320. An additional 97,000 units were started into production during the month and 101,000 units were completed in the Welding Department and transferred to the next processing department. There were 18,000 units in the ending work in process inventory of the Welding Department that were 40% complete with respect to conversion costs. A total of $529,380 in conversion costs were incurred in the department during the month.What would be the cost per equivalent unit for conversion costs for the month? (Round off to three decimal places.)

Scheney Company uses the weighted-average method in its process costing system. The company’s work in process inventory on March 31 consisted of 20,000 units. The units in the ending work in process inventory were 100% complete with respect to materials and 70% complete with respect to labor and overhead. If the cost per equivalent unit for March was $2.50 for materials and $4.75 for labor and overhead, the total cost in the March 31 work in process inventory was:

Which of the following characteristics applies to process costing, but does not apply to job order costing?