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Managerial Accounting Chapter 18

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CHAPTER 18
PROCESS COSTING
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 18.1
B. Ex. 18.2
B. Ex. 18.3
B. Ex. 18.4
B. Ex. 18.5
B. Ex. 18.6
B. Ex. 18.7
B. Ex. 18.8
B. Ex. 18.9
B. Ex. 18.10

Topic
Selecting a cost accounting system
Real World: Walmart and J & J
Selecting a cost accounting system
Understanding cost flows
Process costing journal entries
Computing equivalent units
Computing cost per equivalent unit
Solving for missing information
Determining departmental unit costs
Interpreting a production cost report
Interpreting a production cost report

Exercises
18.1

Topic
Accounting terminology

18.2
18.3
18.4
18.5
18.6

18.12
18.13

Calculating equivalent units
Process costing in a …show more content…

30 Medium

18.4 A,B

Toll House/Snack Happy
A process cost problem involving three processes and an explanation of the usefulness of different unit costs. Does not include equivalent unit calculations. 30 Medium

18.5 A,B

Badgersize Company/Balfanz Company
Determine the cost per equivalent unit with partially complete beginning and ending work in process.

35 Medium

18.6 A,B

Badgersize Company/Balfanz Company
Prepare a cost of production report based on information in P18.5.

35 Medium

18.7 A,B

Hound Havens/Delray Industries
A comprehensive process costing problem with two production departments. 50 Strong

18.8 A,B

Wilson Dynamics/Thompson Tools
A comprehensive process costing problem with two production departments. 50 Strong

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Critical Thinking Cases
18.1

Shouldn’t We Do Things Differently?
Students are to evaluate recommendations for changing a company’s cost accounting methods. Requires judgment and perspective. Very challenging—best as a group assignment to be discussed in class.

30 Strong

18.2

Metal Products, Inc.
Students are asked to analyze changes in unit costs from one month to the next and speculate why these changes may have occurred.

20 Medium

18.3

Process Costing at PepsiCo
Ethics, Fraud & Corporate Goverance

25 Easy

Students review the processes involved in

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