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QUESTION $1$

$0\mathrm{.}25$ points $($Extra Credit$)$

Shubelik Company is changing to an activity$-$based costing method. It has determined that it will use three cost pools: setups, inspections, and assembly. Which of the following would not be used as the activity base for any of these three activities?

a$.$ number of inspections

b$.$ number of direct labor hours

c$.$ number of units to

QUESTION $20\mathrm{.}25$ points $($Extra Credit$)$

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $$675,000$ with $300,000$ estimated direct labor hours. Deluxe widget production requires $3$ direct labor hours for each unit, and regular widget production requires $2$ direct labor hours for each unit.

Using a single plantwide factory overhead rate with an allocation base of direct labor hours, the factory overhead that Challenger Factory will allocate to deluxe widget production if budgeted production for the period for deluxe widgets is $50,000$ units and actual production of deluxe widgets for the period is $58,000$ units would be a$.$ $$337,500$

c$.$ $$261,000$ d$.$ $$225,000$

QUESTION $3$

In a process cost system, the cost of completed production in Department A is transferred to Department B by which of the following journal entries?

a$.$ debit Work in Process$-$Department B and credit Finished Goods$-$Department A

b$.$ debit Finished Goods $-$ Department A and credit Work in Process $-$ Department B

d$.$ debit Work in Process$-$Department B and credit Cost of Goods Sold $-$ Department A

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