MANAGERIAL ACCOUNTING W/ACCESS >C<
15th Edition
ISBN: 9781259390784
Author: Garrison
Publisher: MCG CUSTOM
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Textbook Question
Chapter 3, Problem 5E
EXERCISE 2-5 Computing Total
Braverman Company has manufacturing departments—Finishing and Fabrication. The predetermined overhead rates in Finishing and Fabrication are $18.00 per direct labor-hour and 110% of direct materials cost, respectively. The company’s direct rate is $16.00 per hour. The information pertains to Job 700:
| Finishing | Fabrication | |
| Direct materials | $410 | $60 |
| Direct labor | $128 | $48 |
Required:
- What is the cost assigned to Job 700?
- If Job 700 consists of 15 units, what is the unit product cost for this job?
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Question 6
Job # 0098 incurred the following during production:
Direct Materials:
Manufacturing labor:
Packaging materials:
Packing and shipping labor:
The following data is also available for the company:
Overhead costs for the period:
Indirect Labor (machine maintenance):
The company incurs costs at the following rates:
Manufacturing labor:
Auxiliary labor (maintenance, packaging, etc.):
Overhead allocation:
$300
7 hours
$20
0.5 hours
$3,000
20 hours
$12/hour
$10/hour
$5/manufacturing labor hour
Given this information, what was the total cost of the job that was transferred from Work in Process Inventory
the Finished Goods Inventory?
Question 1:
Fickel Company has two manufacturing departments - Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $16.00 per direct labor-hour and $12.00 per direct labor-hour, respectively. The company's direct labor wage rate is $ 20.00 per hour. The following information pertains to Job N-60:
Assembly
Testing & Packaging
Direct materials
$375
$39
Direct labor
$168
$84
1- What is the total manufacturing cost assigned to Job N-60?
2-2. If Job N-60 consists of 10 units, what is the unit product cost for this job? (Round your answer to 2 decimal places.)
1
Total manufacuring cost
2
Unit product cosr
per unit
Question2:
High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used to apply manufacturing overhead cost to jobs. The predetermined overhead rate in…
Problem 3 Predertimed Factory Overhead
Harold Corp uses the job order costing system. Factory overhead is applied to jobs on the basis of direct labor cost. The following estimates are made at the beginning of the year:
Fabricating Machining Assembly Total
Direct Labor 600,000 300,000 900,000 1,800,000
Fcatory overhead 1,050,000 1,200,000 270,000 2,520,000
The following are the cost required by each department.
Fabricating Machining Assembly Total
Direct Materials 9,000 600 4,200 13,800
Direct Labor 8,400 1,500 18,600 28,500
Factory overhead ? ? ? ?
At the end of the year, the…
Chapter 3 Solutions
MANAGERIAL ACCOUNTING W/ACCESS >C<
Ch. 3.A - Prob. 1ECh. 3.A - Prob. 2ECh. 3.A - Prob. 3ECh. 3.A - PROBLEM 3A-4 Activity-Based Absorption Costing as...Ch. 3.A - Prob. 5PCh. 3.A - CASE 3A-6 Activity-Based Absorption Costing and...Ch. 3.B - Prob. 1ECh. 3.B - Prob. 2ECh. 3.B - Prob. 3PCh. 3.B - Prob. 4C
Ch. 3 - Prob. 1QCh. 3 - Prob. 2QCh. 3 - Prob. 3QCh. 3 - Prob. 4QCh. 3 - Prob. 5QCh. 3 - Prob. 6QCh. 3 - Prob. 7QCh. 3 - Prob. 8QCh. 3 - 3-9 What is underapplied overhead? Overapplied...Ch. 3 - Prob. 10QCh. 3 - Prob. 11QCh. 3 - Prob. 12QCh. 3 - Prob. 13QCh. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - Prob. 3AECh. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - Prob. 1F15Ch. 3 - Prob. 2F15Ch. 3 - Prob. 3F15Ch. 3 - Prob. 4F15Ch. 3 - Prob. 5F15Ch. 3 - Prob. 6F15Ch. 3 - Prob. 7F15Ch. 3 - Prob. 8F15Ch. 3 - Prob. 9F15Ch. 3 - Prob. 10F15Ch. 3 - Prob. 11F15Ch. 3 - Prob. 12F15Ch. 3 - Prob. 13F15Ch. 3 - Prob. 14F15Ch. 3 - Prob. 15F15Ch. 3 - Prob. 1ECh. 3 - Prob. 2ECh. 3 - Prob. 3ECh. 3 - EXERCISE 24 Computing Total Job Costs and Unit...Ch. 3 - EXERCISE 2-5 Computing Total Job Costs and Unit...Ch. 3 - Prob. 6ECh. 3 - EXERCISE 2-7 Job-Order Costing; Working Backwards...Ch. 3 - Prob. 8ECh. 3 - EXERCISE 3-9 Journal Entries and T-accounts...Ch. 3 - Prob. 10ECh. 3 - Prob. 11ECh. 3 - Prob. 12ECh. 3 - Prob. 13ECh. 3 - Prob. 14ECh. 3 - Prob. 15ECh. 3 - Prob. 16ECh. 3 - Prob. 17ECh. 3 - Prob. 18ECh. 3 - Prob. 19ECh. 3 - EXERCISE 2—13 Departmental Predetermined Overhead...Ch. 3 - EXERCISE 214 Job-Orders Costing for a Service...Ch. 3 - Prob. 22PCh. 3 - PROBLEM 2—16 Plantwide Predetermined Overhead...Ch. 3 - Prob. 24PCh. 3 - Prob. 25PCh. 3 - Prob. 26PCh. 3 - Prob. 27PCh. 3 - PROBLEM 2-21 Plant wide Versus Multiple...Ch. 3 - CASE 2-22 Plantwide versus Departmental Overhead...Ch. 3 - Prob. 30C
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