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ashly138 ashly138
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7 years ago
Which of the following journal entries records the actual Assembly Department's conversion costs for the month assuming conversion costs are 20 percent higher than expected?
A)
Assembly Department Conversion Cost Control   1,680,000
   Various accounts   1,680,000
B)
Materials Inventory   1,680,000
   Assembly Department Conversion Cost Control   1,680,000
C)
Assembly Department Conversion Cost Control   1,400,000
   Materials Inventory   1,400,000
D)
Materials Inventory   1,680,000
   Various accounts   1,680,000
E)
Work-in-process Assembly   1,680,000
   Various accounts   1,680,000
Textbook 
Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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#1
7 years ago
A
Explanation:  A) 70 units × 75% × $16,000 =   $840,000
(40 - 10 units) × $16,000 =    480,000
10 units × 50% × $16,000 =    80,000
Budgeted   $1,400,000

$1,400,000 × 1.20% = $1,680,000
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