Lafayette Savings and Loan had the following activities, traceable costs, and

physical flow of driver units:

Traceable Physical flow of

Activities Costs Driver Units

Open new accounts $50,000 1,000 accounts

Process deposits 36,000 400,000 deposits
Process withdrawals 15,000 200,000 withdrawals
Process loan applications 27,000 900 applications

The above activities are used by the Jennings branch and the Crowley branch:

Jennings Crowley

New accounts 200 400

Deposits 40,000 20,000
Withdrawals 15,000 18,000
Loan applications 100 160
Refer to Lafayette Savings and Loan. What is the cost per driver unit for new account activity?
a. $0.09 c. $30.00
b. $0.075 d. $50.00
Refer to Lafayette Savings and Loan. What is the cost per driver unit for the deposit activity?

a. $0.09 c. $30.00
b. $0.075 d. $50.00
Refer to Lafayette Savings and Loan. What is the cost per driver unit for the withdrawal activity?

a. $0.09 c. $30.00
b. $0.075 d. $50.00
Refer to Lafayette Savings and Loan. What is the cost per driver unit for the loan application activity?

a. $0.09 c. $30.00
b. $0.075 d. $50.00
Refer to Lafayette Savings and Loan. How much of the loan application cost will be assigned to the Jennings
branch?
a. $3,000 c. $ 7,800
b. $4,800 d. $27,000
Refer to Lafayette Savings and Loan. How much of the deposit cost will be assigned to the Crowley branch?
a. $1,800 c. $ 5,400
b. $3,600 d. $36,000
Refer to Lafayette Savings and Loan. How much of the new account cost will be assigned to the Crowley
branch?
a. $10,000 c. $30,000
b. $20,000 d. $50,000

Games R Us manufactures various games. For March, there were no beginning inventories of
direct materials and no beginning or ending work in process. Conversion costs is the only
indirect manufacturing cost category currently used. Journal entries are recorded when materials
are purchased and when conversion costs are allocated under backflush costing.
Conversion costs — March $ 800,000
Direct materials purchased — March $2,140,000
Units produced — March 117,600
Units sold — March 83,600
Which of the following journal entries properly records the purchase of direct materials?

Which of the journal entries properly records conversion costs?

Which of the following entries properly records the cost of goods sold for the month?

Complete Microfilm Products manufactures microfilm cameras. For October, there were no
beginning inventories of direct materials and no beginning or ending work in process.
Conversion costs is the only indirect manufacturing cost category currently used. Journal entries
are recorded when materials are purchased and when units are sold.

Conversion costs - October $ 90,400

Direct materials purchased - October $250,400
Units produced - October 80,000 units
Units sold - October 75,000 units
Selling price $10 each

Which of the following journal entries properly reflects the purchase of materials in a JIT
environment?

Which of the following journal entries would be recorded when units are sold for the month?

Which of the following entries would occur if the only trigger point is the production of finished
units?