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Sm Ch 17 Essay

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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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