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Data related to Alpha, Inc., for the month of June follows: ​ ​ Units Work in process (WIP), June 1 (40% complete) 16,000 Started in June 80,000 Work in process, June 30 24,000 ​ Materials are added at the beginning of the process. If equivalent units of production for conversion using the weighted average method were 79,200 units, ending work in process on June 30 must have been:

Beginning inventory for the month contained 3,000 units that were 35 percent complete with respect to materials. 55,000 units were completed and transferred out during the month. 5,500 units were in ending inventory, 10 percent complete with respect to materials. The weighted average equivalent units of production for materials for the month would be

__________ is a costing system that blends job-order and process-costing procedures applied to batches of homogeneous products.

Golden Ring Company produces two types of product: Large and Larger. Two work orders for two batches of the products are shown below, along with some additional cost information:   ​ Large Larger ​ Work Order 10 Work Order 11 Direct materials (actual costs) $45,000 $75,000 ​ ​ ​ Applied conversion costs: ​ ​ Mixing ? ? Cooking $12,000 $12,000 Bottling $10,000 $15,000 ​ ​ ​ Batch size (bottles) 5,000 5,000 ​ In the Mixing Department, conversion costs are applied on the basis of direct labor hours. Budgeted conversion costs for the department for the year were $50,000 for labor and $125,000 for overhead. Budgeted direct labor hours were 2,500. It takes three minutes to mix the ingredients needed for each bottle. Large (Work Order 10) and Larger (Work Order 11) flow through the Mixing Department first, then through the Cooking and Bottling departments. What is Golden Ring Company’s amount transferred from the Bottling Department to Finished Goods for Work Order 10?

Alpha Beta Company has a sales budget for next month of $50,000. Cost of goods sold is expected to be 60 percent of sales. All goods are purchased in the month used and paid for in the month following their purchase. The beginning inventory of merchandise is $1,500 and an ending inventory of $2,000 is desired. Beginning accounts payable is $13,000. ​ How much merchandise inventory will Alpha Beta Company need to purchase next month?

In a job-order costing system, direct labor costs assigned to a job are different than the costs assigned to work-in-process inventory.

Eagle Company applies factory overhead in its two producing departments using a predetermined rate based on budgeted machine hours in the Blending Department and based on budgeted labor hours in the Containerizing Department. Variable cafeteria costs are allocated to the producing departments based on budgeted number of employees, and fixed costs are allocated based on the capacity number of employees. Variable maintenance costs are allocated on the budgeted number of direct labor hours, and fixed costs are allocated on labor hour capacity. The data concerning next year’s operations are as follows:   ​ ​   Support Departments Producing Departments Budgeted costs: Cafeteria Maintenance Blending Containerizing Variable costs $60,000 $84,000 $300,000 $324,000 Fixed costs  18,000  30,000  120,000  140,000 ​ Other data:        Direct labor hours (capacity) 10,000 20,000    Direct labor hours (budgeted) 8,000 16,000    Number of employees (capacity) 30 60    Number of employees (budgeted) 20 40    Machine hours (capacity) 33,000 66,000    Machine hours (budgeted) 20,000 60,000 ​ Required: ​ a. Prepare a schedule showing the allocation of budgeted support department costs to producing departments. b. Determine the predetermined overhead rate for the producing departments.

A debit balance in Overhead Control:

A predetermined overhead rate is calculated using which of the following formulas?

In order to determine product costs, JIT firms are usually structured so they can use: