Identify a cost driver for office equipment (computer, printer, cartridge, paper, etc.) of an overhead activity for a homeless shelter.

Q: As a plant accountant, you have been directed by the new plant manager to expense all manufacturing…

A: This particular directive is not agreed as a plant accountant because expensing all manufacturing…

Q: For following products and services, indicate whether it is more likely produced in a…

A:

Q: How to identify costs incurredfor direct materials in a job

A: How to identify cost incurred for direct materials

Q: Determine following are most likely to be considered as a job and which as a job lot. A…

A: Job lots are personalized product classes created at once by a producer. -- Commodity is similar and…

Q: determine whether job costing or process costing would be more appropriate. *An advertising agency…

A: Meaning of Job Costing In job costing there should be detailed accumulated cost of production…

Q: Equipment includes machinery used in manufacturing, computers and other office equipment, vehicles,…

A: Property, Plant, and Equipment: Property, Plant, and Equipment refers to the fixed assets, having a…

Q: In a homeless shelter, what sorts of things are going on in the background? Make a second list. Do…

A: Here Is The Answer :

Q: Explain giving examples why it is important to keep current cost in line with planned cost. Using…

A: What is the Current cost: Current costs are the actual cost incurred while producing goods or…

Q: Materials Stores’ is one of the service cost centres in a factory. What would be the most…

A: Re-apportionment of the overhead means to re-apportion the overheads of a service department to…

Q: What type of cost accounting system would be most appropriate to be used by a graduation invitation…

A: Journal entries are the basic method for recording financial transactions in the books of accounts.…

Q: determine whether job costing or process costing would be more appropriate *A nursing home *. A…

A: The Answer

Q: Wages of janitorial personnel who clean the plant * Product Cost Period Cost

A: solution : correct answer is product cost explanation               Product cost is the cost which…

Q: What overhead activities are present in a homeless shelter? List two. Remember: overhead costs (and…

A: Overhead activities are those activities that directly don't aid any revenue-generating activities…

Q: Would a dentist, an architect, and a landscaper use job order costing or process costing?

A: The dentist treats each patient differently according to their disease and charge different fees…

Q: How activity base costing can help a housekeeping service company

A: Costing can be defined as the process of ascertaining the cost. In other words, cost refers to…

Q: For following products and services, indicate whether it is more likely produced in a…

A:

Q: determine whether job costing or process costing would be more appropriate. * A textbook publisher…

A: Job order costing:Job order costing is one of the methods of cost accounting under which cost is…

Q: Which type of cost system, process or job order, would be best suited for each of the following:(a)…

A: Cost Accounting Systems Cost accounting systems are used to measure, record, and report product…

Q: An entrepreneur of a custom sign company is reviewing reports showing the cost of printing machines,…

A: The key purpose of accounting is providing information to the users. This is done by using the…

Q: Which of the following are held as an after-sales service for products supplied to customers? a.…

A: Inventory can be defined as a form of asset which is held by a business entity for resale purposes.…

Q: Following items belong to the revenue, expenditure, human resources/payroll, production, or…

A: Revenue represents the earnings of the company. Expenses are deducted from the revenue and decrease…

Q: Which of the following would most likely be a period cost? Depreciation on factory lunchroom…

A: Solution: "salary of telephone receptionist in the sales office" would most likely be a period cost.

Q: How would a hospital apply job order costing? Explain.

A:

Q: For following products and services, indicate whether it is more likely produced in a…

A: Job order costing: Job order cost system provides a separate record of each particular quantity of…

Q: Classify each of the following as being either fixed (F), variable (V), semi-fixed (SF) or…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: How do you classify these two overhead activities of a homeless shelter. 1. Administrative staff…

A: Overhead: Overhead refers to the current business expenses which are not directly associated in the…

Q: For each of the following activities, select the most appropriate cost driver.

A: The activity based costing identifies the cost of each activity, pools the costs under that activity…

Q: Classify the following items as Direct materials, Selling and administrative expense, Factory…

A: Direct materials: Direct materials are the raw materials that are directly associated with the…

Q: Which costing method will be most suitable for an automobile garage workshop in Ibri? a. Job costing…

A: Job Costing - This method is applicable where work is to be performed as per specifications of…

Q: Match the items below for a bakery to the type of cost. Direct materials Direct labor Factory…

A: Direct material -  direct material easily identified to the unit of production Direct labor -…

Q: Which of the following would most likely NOT be included as manufacturing overhead in a furniture…

A: Solution Concept Manufacturing overhead               Manufacturing overhead basically includes all…

Q: What journal entry is recorded when a materials manager receives a materials requisition and then…

A:

Q: When would direct labor costs associated with building a custom home be assigned to the​ job?

A: Direct labor: Direct labor always includes the cost associated with the job should be included in…

Q: Determine whether each of the following costs should be classified as product costs or period costs.…

A: Product cost means the cost of producing one unit of finished goods. Period cost means the cost that…

Q: All of the following are examples of organization sustaining costs except: Select one a Costs of…

A: Organisation sustaining costs are those costs that are incurred to create productive capacity for…

Q: For following products and services, indicate whether it is more likely produced in a…

A: Process Operation and Job order Operation are two different types of Costing methods. For building a…

Q: An example of a customer-value-added activity is:  Select one: a. addition of an employee hotline…

A: Value added activities are the activities which adds a value to the business process and increases…

Q: decide if task costing or process costing would be a more suitable method of accounting It's a…

A: Costs are the expenses which have been incurred for manufacturing a product or rendering a service…

Q: A cost driver is used to allocate support department expenses. Match each of the following cost…

A: Cost drivers are the base for allocating the cost to various activities. For example, the Cost…

Q: Indicate whether each of the following costs associated with production would be classified as…

A: Direct material cost is that costs which is related to the direct use of the materials. Direct…

Q: For following products and services, indicate whether it is more likely produced in a…

A:

Q: Give an example of how a hospital, such as the Mayo Clinic, might use job-order costing concepts.

A: Job order costing: Job order costing is one of the methods of cost accounting under which cost is…

Q: determine whether job costing or process costing would be more appropriate *A nursing home*. A…

A: Meaning of Job Costing In job costing there should be detailed accumulated cost of production…

Q: Describe two ways in which a house-construction company may use job-cost information.

A: Job costing is a process of recording the cost on the basis of manufacturing job instead of the…

Q: A process costing system is most likely used by which of the following? Group of answer choices A.…

A: Process costing system: Process costing system is used in the organisations where the goods produces…

Q: Suggest a reasonable basis for allocating thefollowing indirect expenses to departments: janitorial…

A: Indirect costs are costs that are incurred indirectly for production or manufacturing of goods.…

Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.