Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
12th Edition
ISBN: 9780134674681
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 20, Problem E20.19E
Tracking the flow of costs
Learning Objectives 1,5
c.$13,000
Complete the missing amounts and labels in the T-accounts.
| Work-in-Process Inventory-Cutting | ||||
| Balance, May 1 | 0 | (a) | Transfer out to_____ | |
| Direct Materials | 57.000 | |||
| Direct Labor | 5,000 | |||
| Manufacturing Overhead39,000 | ||||
| Balance, May 31 | 16,000 | |||
| Work-in-Process Inventory-Finishing | ||||
| Balance, May 1 | 11,000 | 80,000 | Transfer out to_____ | |
| Transfer in from____ | (b) | |||
| Direct Materials | 21.000 | |||
| Direct Labor | (c) | |||
| Manufacturing Overhead18,000 | ||||
| Balance, May 31 | 68,000 | |||
| Work-in-Process Inventory-Packaging | ||||
| Balance, May 1 | 4,000 | (d) | Transfer out to_____ | |
| Transfer in from____ | (e) | |||
| Direct Materials | 1,000 | |||
| Direct Labor | 9,000 | |||
| Manufacturing Overhead14,000 | ||||
| Balance, May 31 | 8,000 | |||
| Finished Goods Inventory | ||||
| Balance, May 1 Transfer in from____ | 0 | (f) | Transfer out to____ | |
| (g) | ||||
| Balance, May 31 | 2,000 | |||
| Cost of Goods Sold | ||||
| Balance, May 1 | 0 | |||
| Transfer in from____ | (h) | |||
| Balance, May 31 | (i) |
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E4-23A Use ABC to allocate manufacturing overhead (Learning Objective 2)
Several years after reengineering its production process, Biltmore Corporation hired a new controller, Rachael Johnson. She developed an ABC system very similar to the one used by Biltmore’s chief rival, Westriver. Part of the reason Johnson developed the ABC system was because Biltmore’s profits had been declining even though the company had shifted its product mix toward the product that had appeared most profitable under the old system. Before adopting the new ABC system, Biltmore had used a plantwide overhead rate based on direct labor hours that was developed years ago.
For the upcoming year, Biltmore’s budgeted ABC manufacturing overhead allocation rates are as follows:
Activity Allocation Base Activity Cost Allocation Rate
Materials handling # of parts $3.84 per part
Machine setup # of setups $330.00 per setup
Insertion of parts # of parts $30.00 per part
Finishing Finishing DL hrs $54.00 per hour
The…
Complete the missing amounts and labels in the T-accounts.
Work-in-Process Inventory--Cutting
Balance, May 1
0
(a)
Transfer out to
?
Direct Materials
57,000
Direct Labor
5,000
Manufacturing Overhead
39,000
Balance, May 31
16,000
Work-in-Process Inventory ---Finishing
Balance, May 1
11,000
80,000
Transfer out to
?
Transfer in from
(b)
Direct Materials
21,000
Direct Labor
(c)
Manufacturing Overhead
18,000
Balance, May 31
68,000
Work-in-Process Inventory---Packaging
Balance, May 1
4,000
(d)
Transfer out to
?
Transfer in from
(e)
Direct Materials
1,000
Direct Labor
9,000
Manufacturing Overhead
14,000
Balance, May 31
8,000
Finished Goods Inventory
Balance, May 1
0
(f)
Transfer out to
?
Transfer in from ?
(g)
Balance, May 31
2,000…
Work-in-Process Inventory—Cutting
Balance, May 1
0
(a)
Transfer out to
Direct Materials
49,000
Direct Labor
9,000
Manufacturing Overhead
33,000
Balance, May 31
6,000
Work-in-Process Inventory—Finishing
Balance, May 1
17,000
80,000
Transfer out to
Transfer in from
(b)
Direct Materials
26,000
Direct Labor
(c)
Manufacturing Overhead
16,000
Balance, May 31
67,000
Work-in-Process Inventory—Packaging
Balance, May 1
6,000
(d)
Transfer out to
Transfer in from
(e)
Direct Materials
6,000
Direct Labor
13,000
Manufacturing Overhead
14,000
Balance, May 31
19,000
Finished Goods Inventory
Balance, May 1
0
(f)
Transfer out to
Transfer in from
(g)…
Chapter 20 Solutions
Horngren's Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (12th Edition)
Ch. 20 - Prob. 1QCCh. 20 - Prob. 2QCCh. 20 - Prob. 3QCCh. 20 - Prob. 4QCCh. 20 - Prob. 5QCCh. 20 - Prob. 6QCCh. 20 - Prob. 7QCCh. 20 - Prob. 8QCCh. 20 - Prob. 9QCCh. 20 - Prob. 10QC
Ch. 20 - 11A.Which statement is accurate concerning the...Ch. 20 - Prob. 1RQCh. 20 - Prob. 2RQCh. 20 - Prob. 3RQCh. 20 - Prob. 4RQCh. 20 - Prob. 5RQCh. 20 - Prob. 6RQCh. 20 - Prob. 7RQCh. 20 - Prob. 8RQCh. 20 - Prob. 9RQCh. 20 - Prob. 10RQCh. 20 - Prob. 11RQCh. 20 - Prob. 12RQCh. 20 - Prob. 13RQCh. 20 - 14. What is the weighted-average method for...Ch. 20 - Prob. 15RQCh. 20 - Prob. 16RQCh. 20 - Prob. 17RQCh. 20 - Prob. 18RQCh. 20 - Prob. 19RQCh. 20 - Prob. 20RQCh. 20 - Prob. 21RQCh. 20 - Prob. 22ARQCh. 20 - Describe the three groups of units that must be...Ch. 20 - Prob. 24ARQCh. 20 - Prob. S20.1SECh. 20 - S20-2 Tracking the flow of costs
Learning...Ch. 20 - Prob. S20.3SECh. 20 - S20-4 Calculating EUP
Learning Objective 2
Cadwell...Ch. 20 - Prob. S20.5SECh. 20 - Prob. S20.6SECh. 20 - Prob. S20.7SECh. 20 - Prob. S20.8SECh. 20 - Prob. S20.9SECh. 20 - Prob. S20.10SECh. 20 - Prob. S20.11SECh. 20 - Prob. S20.12SECh. 20 - Prob. S20.13SECh. 20 - Prob. S20.14SECh. 20 - Prob. S20A.15SECh. 20 - Prob. S20A.16SECh. 20 - E20-17 Comparing job order costing versus process...Ch. 20 - Prob. E20.18ECh. 20 - Tracking the flow of costs Learning Objectives 1,5...Ch. 20 - Prob. E20.20ECh. 20 - Prob. E20.21ECh. 20 - Prob. E20.22ECh. 20 - Computing EUP, assigning costs, with beginning...Ch. 20 - Prob. E20.24ECh. 20 - Prob. E20.25ECh. 20 - Prob. E20.26ECh. 20 - Prob. E20.27ECh. 20 - Prob. E20.28ECh. 20 - E20-29 Preparing journal entries—outputs
Learning...Ch. 20 - Preparing journal entries—manufacturing overhead...Ch. 20 - Prob. E20A.31ECh. 20 - Prob. P20.32APGACh. 20 - Prob. P20.33APGACh. 20 - Prob. P20.34APGACh. 20 - Prob. P20.35APGACh. 20 - Prob. P20.36APGACh. 20 - Prob. P20A.37APGACh. 20 - Prob. P20A.38APGACh. 20 - Prob. P20.39BPGBCh. 20 - Preparing a production cost report, beginning WIP,...Ch. 20 - Prob. P20.41BPGBCh. 20 - Prob. P20.42BPGBCh. 20 - Prob. P20.43BPGBCh. 20 - Prob. P20A.44BPGBCh. 20 - Prob. P20A.45BPGBCh. 20 - Prob. P20.46CTCh. 20 - Prob. 20.1TIATCCh. 20 - Prob. 20.1DCCh. 20 - Prob. 20.1EI
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