ACCT 346 Week 4 Midterm (Multiple Choice)

# ACCT 346 Week 4 Midterm (Multiple Choice)

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ACCT 346 Week 4 Midterm

ACCT346 Managerial Accounting - DeVry

1. (TCO 3)Which of the following companies is most likely to use a process costing system?(Points : 4)

2. (TCO 3) The Blending Department began the period with 45,000 units. During the period the department received another 30,000 units from the prior department and completed 60,000 units during the period. The remaining units were 75% complete. How much are equivalent units in The Blending Department's work in process inventory at the end of the period? (Points : 4)

3. (TCO 4) Total costs were 75,800 when 30,000 units were produced and 95,800 when 40,000 units were produced. Use the high-low method to find the estimated total costs for a production level of 32,000 units. (Points : 4)

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ACCT 346
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Excerpt from file: ACCT346Week4Midterm QuestionswithcorrectAnswers ACCT346ManagerialAccountingDeVry 1. (TCO 3)Which of the following companies is most likely to use a process costing system?(Points : 4) 2. (TCO 3) The Blending Department began the period with 45,000 units. During the period the department received

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