Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption To compute : The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

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Answer 1

Question

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

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14. An example of labor-related costs is: a. fringe benefits b. factory labor c. bonus pay d. operating expense 15. Wages in excess of the regular rate paid for work after normal closing time is: a. Vacation and holiday pay b. Pension pay c. Overtime premium d. Regular wage 16. If the job is taken as a rush order with the knowledge that overtime will be necessary, the overtime premium should be charged to: a. General expense b. Factory overhead c. Specific job d. Selling expense 17. If the overtime premium is charge to specific job, it should be debited to: a. Work in process account b. General expense account c. Manufacturing overhead account d. Selling expense account

Harrison , Inc : Advertising Costs President's Salary Tax Payments Factory Repair and Maintenance Direct Materials Used $10,600; 230000; 12, 500 920 Direct Labor Administrative Salaries 27, 500; 36, 22000 How much were Harrison's product costs ? Select one : a . $64,420 Ob . $86,420 . $65,620 Od . $339,520

(J) A company employs two consultants. Judy specializes in tax consulting and Steve specializes in management consulting. The company expects to incur total overhead costs of $411,600 during the year and applies overhead based on annual salary costs. Judy's annual salary is $220,000, and she is expected to bill 2,000 hours during the year. Steve's annual salary is $123,000, and he is expected to bill 1,500 hours during the year. Required:1.Calculate the predetermined overhead rate.2.Assuming that the hourly billing rate should be set to cover the total cost of services plus a 25% markup, compute the hourly billing rates for Judy and Steve.

Answer 2

Question

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

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Answer 3

Question

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

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Answer 4

Question

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

Answer 6

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

Answer 7

Chapter 3B, Problem 3B.2E

1.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on estimated overhead cost and the estimated professional staff hours to be charge to client.

Answer 8

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

Answer 9

2.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013.

Answer 10

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

Answer 11

3.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: The overhead cost applied to Ms “B” account last year if the predetermined overhead are based on professional staff hours available.

Answer 12

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

Answer 13

4.

To determine

Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption

To compute: Unused capacity cost reported by the company in 2012 and 2013 if actual professional staff hours are charged to clients

.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 3B - Overhead Rate Based on Capacity LO3â€”6 Wixis...Ch. 3B - Prob. 3B.2E Ch. 3B - Prob. 3B.3P Ch. 3B - Ethics; Predetermined Overhead Rate and Capacity...

Solution Summary: The author explains how job costing determines the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead.

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