CHAPTER 17
JOB ORDER COST SYSTEMS
AND OVERHEAD ALLOCATIONS
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 17.1
B. Ex. 17.2
B. Ex. 17.3
B. Ex. 17.4
B. Ex. 17.5
B. Ex. 17.6
B. Ex. 17.7
B. Ex. 17.8
B. Ex. 17.9
B. Ex. 17.10
Topic
Accounting for overhead
Transferring costs
Overhead application rates
Actual and applied overhead
Selecting a cost system
Applying direct labor
Applying direct materials
Recording manufacturing costs
Selecting activity bases
Activity-based costing
Exercises
17.1
Topic
Accounting terminology
17.2
17.3
17.4
17.5
Understanding cost flows
Job costing journal entries
Overhead cost drivers
Real World: Granite Construction, Inc.
Cost classifications
Cost flow and
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Also, determine the cost of a particular job and record the sale of some of the finished goods.
30 Medium
17.5 A,B
Ye Olde Bump & Grind, Inc./Big Boomers
A service business (an automobile body and fender repair shop), rather than a manufacturing company, illustrates the use and computation of an overhead application rate and the importance of selecting an appropriate overhead “cost driver.”
35 Medium
17.6 A,B
Norton Chemical/Logan Pharmaceutical
Using ABC, students are asked to identify ways in which overhead costs might be better controlled. For one product line, supplier relations need to be improved. For the other product line, inventory needs to be ordered less frequently.
30 Medium
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Education.
17.7 A,B
Dixon Robotics/Downhill Fast
A comprehensive ABC problem that requires students to allocate several cost pools to multiple products. Students are also required to allocate overhead to the same product lines using machine hours as a single activity base. A comparison of results is also required.
45 Strong
17.8 A,B
Healthy Hound, Inc./Happy Cat
A comprehensive ABC problem that requires students to allocate several cost pools to multiple products. Students are also
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The wages of general production employees who are idled due to machine breakdown are classified as indirect costs. Direct costs are usually variable and change as production volumes change. Thus, direct materials and direct labor are typically variable costs. For special orders, some direct costs can be fixed, however. The costs (depreciation, electricity, and routine maintenance) associated with a machine dedicated to one product are direct costs of that product. Indirect costs cannot be easily and conveniently assigned to a special order. Rather, these costs are common costs, in that they are incurred to produce a variety of special orders. Maintenance costs of general purpose equipment, the supervisor’s salary, and utilities are direct costs needed to produce special orders in general, but are indirect costs for a particular special order. Moreover, general production costs, including property taxes, insurance, lawn care, cafeteria costs, and miscellaneous supplies consumed in production are indirect costs properly allocated to special orders manufactured.
Nevertheless, parties became necessary in order to get things done in government, e.g., Hamilton's financial plan and support for Jefferson's Louisiana Purchase.
Unit: 654 Manage disciplinary processes in health and social care or children and young people's settings.
-3 x 1.66 pts. = minus 5 pts. = 45 pts. out of 50 pts. = 90%
2. What should a therapist be aware of when taking note of a clients manner and content of talk?
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It gives the opportunity to provide structured feedback and reflection and recognise ay achievements as well as identify any performance issues.
“Assess own leadership behaviours and potential in the context of a particular leadership model and own organisation’s working practices and culture using feedback from others”
If they move and have to go to a new school, make new friends ect. As a parent or teacher you can comfort them and let them get used to where they are and not feel nervous or scared about being somewhere new and unfamiliar and help them to make friends, by asking them to join in activities, join an after school club or an out of school club where they will meet new people and get to know
The law will not tolerate any breeches in the policies set out. Any breeches will be regarded as misconduct except for serious offences as discrimination, bullying or victimisation will be treated as misconduct and may lead to disciplinary action including dismissal from employment without notice.
The Social Model of disability came about through the disability movement and other organisation campaigning for equal rights, opportunities and choices for disabled people. The social model of disability recognises that any problem of disability are created by society and its institution and that The Discrimination Acts are tools to help to improve the response of society to disability, also a wheel chair user is not hampered by their disability but by lack of adequate access to buildings. The social model may impact upon our practise as we would provide inclusive environments as a starting point for all children. The Scope website stated ‘The social model of disability says that disability is caused by the way
Communication plays a massive part once building a relationship in the work setting. By regularly keeping effective communication between practioners, parents/careers and children makes a positive working environment. The relationships are mostly based on the type of communication between one another, communication is not just by verbally but also the body language we show, facial expressions and our gestures.
2.1 - Explain the importance of reflective practice in continuously improving the quality of the service provided.
Employee performance is a performance criteria standard of an employee, they must have good behaviour and mustn’t do anything bad like waste time. Employees are rated on how well they do their jobs compared with a set of standards determined by the employer.