ACC 241 ASU DALLMUS EXAM SCRIPT 2026
COMPLETE QUESTIONS AND VERIFIED
SOLUTIONS 100% ACCURATE
⩥ Flying High Manufacturing produces frisbees using a
threeminus
step
sequential process that includes molding, coloring and finishing. When
the frisbees and associated costs are transferred from the molding
process to the coloring process, which account is credited? Answer: WIP
Inventory-Molding
⩥ During a period, 39,200 units were completed and 5,000 units were in
ending WIP Inventory. Ending WIP was 50%complete for direct
materials and 50% complete for conversion costs. What are the
equivalent units for direct materials? Answer: 41700
⩥ A transfer of $30,000 from the assembly department to the packaging
department would require the entry of a Answer: Credit to WIP
Inventory-Assembly
⩥ Process costing would likely be used by which of the following?
Answer: PepsiCo
,⩥ Perfect Pigments has 2,900 gallons of paint in WIP Inventory, with
72% of materials already added. The paint is 40% through the process.
Assuming all conversion costs are added evenly throughout the process,
what are the equivalent units for conversion costs? Answer: 1,160
⩥ In a process system with multiple processes, the cost of units
completed in Department One is transferred to Answer: WIP in
Department Two
⩥ Which of the following is the first step of the
5-step process costing procedure? Answer: Summarize the flow of
physical units
⩥ Yummy Tummy Desserts has 2,600 quarts of ice cream in WIP
Inventory, with all materials already added. The ice cream is
72%through the process. Assuming all conversion costs are added
evenly throughout the process, what are the equivalent units for
conversion costs? Answer: 1,872
⩥ Baxter Company produces children's wiffle ball sets using a
threeminus
step
sequential process that includes molding, coloring and finishing. When
the sets are completely finished, out of which account should the cost be
transferred? Answer: WIP Inventory-Finishing
, ⩥ If 130,000 units are produced, total costs are $333,000. Total fixed
costs for Blue Peace Inc. are $145,000. The variable cost per unit is
Answer: $1.45/unit
⩥ Which of the following costs is an example of a fixed cost? Answer:
Salary of plant manager
⩥ The data points with the ________ should be selected for use in
calculating the variable cost per unit and the total fixed costs when using
the high-low method. Answer: highest volume and the lowest volume.
⩥ Pelicans Ice is a snow cone stand near the local park. To plan for the
future, Pelicans Ice wants to determine its cost behavior patterns. It has
the following information available about its operating costs and the
number of snow cones served.
Month
Number of snow cones
Total operating costs
January
6,400
$5,980
February
7,000
COMPLETE QUESTIONS AND VERIFIED
SOLUTIONS 100% ACCURATE
⩥ Flying High Manufacturing produces frisbees using a
threeminus
step
sequential process that includes molding, coloring and finishing. When
the frisbees and associated costs are transferred from the molding
process to the coloring process, which account is credited? Answer: WIP
Inventory-Molding
⩥ During a period, 39,200 units were completed and 5,000 units were in
ending WIP Inventory. Ending WIP was 50%complete for direct
materials and 50% complete for conversion costs. What are the
equivalent units for direct materials? Answer: 41700
⩥ A transfer of $30,000 from the assembly department to the packaging
department would require the entry of a Answer: Credit to WIP
Inventory-Assembly
⩥ Process costing would likely be used by which of the following?
Answer: PepsiCo
,⩥ Perfect Pigments has 2,900 gallons of paint in WIP Inventory, with
72% of materials already added. The paint is 40% through the process.
Assuming all conversion costs are added evenly throughout the process,
what are the equivalent units for conversion costs? Answer: 1,160
⩥ In a process system with multiple processes, the cost of units
completed in Department One is transferred to Answer: WIP in
Department Two
⩥ Which of the following is the first step of the
5-step process costing procedure? Answer: Summarize the flow of
physical units
⩥ Yummy Tummy Desserts has 2,600 quarts of ice cream in WIP
Inventory, with all materials already added. The ice cream is
72%through the process. Assuming all conversion costs are added
evenly throughout the process, what are the equivalent units for
conversion costs? Answer: 1,872
⩥ Baxter Company produces children's wiffle ball sets using a
threeminus
step
sequential process that includes molding, coloring and finishing. When
the sets are completely finished, out of which account should the cost be
transferred? Answer: WIP Inventory-Finishing
, ⩥ If 130,000 units are produced, total costs are $333,000. Total fixed
costs for Blue Peace Inc. are $145,000. The variable cost per unit is
Answer: $1.45/unit
⩥ Which of the following costs is an example of a fixed cost? Answer:
Salary of plant manager
⩥ The data points with the ________ should be selected for use in
calculating the variable cost per unit and the total fixed costs when using
the high-low method. Answer: highest volume and the lowest volume.
⩥ Pelicans Ice is a snow cone stand near the local park. To plan for the
future, Pelicans Ice wants to determine its cost behavior patterns. It has
the following information available about its operating costs and the
number of snow cones served.
Month
Number of snow cones
Total operating costs
January
6,400
$5,980
February
7,000
