MANAGERIAL ACCOUNTING F/MGRS.
5th Edition
ISBN: 9781259969485
Author: Noreen
Publisher: RENT MCG
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Chapter 3B, Problem 3B.3P
1.
To determine
Introduction:
To compute: The overhead cost applied to the account last year and this year, if the predetermined overhead are based on estimated studio overhead cost and the estimated hour of studio service for the year.
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: The overhead cost applied to the account last year and this year, if the predetermined overhead rates are based on hours of studio service that could be provided as capacity.
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: Unused capacity cost reported by the company in this year and last year.
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 determined: The method of computing predetermined overhead rate likely to be more helpful in facing the competition.
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QUESTION 4 An organisation manufactures a single product. The following information with regard to the raw material needed in the production process is supplied to you:
Normal delivery time: 2.5 weeksMaximum delivery time: 3.5 weeksNormal usage: 52 000 units per yearPurchase price per unit: R8.50Cost of placing an order: R18.00Interest rate: 2% per yearStoring cost per unit: R2.50
Required:
Calculate the EOQ.
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QUESTION 2
Trinity product Limited makes and sells three types of electronic security systems for which the following information is available
Standard cost and selling price per unit
Day Scan Night scan Omni scan
GH¢ GH¢ GH¢
Material 70 110 155
Manufacturing labour 40 55 70
Installation labour 24 32 44
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Ch. 3 MG Homework Saved Help Save & Exit SubmitThe following four companies use a process cost system:Required:Treating each case independently, find the missing amount
solana co.
vista.co
Ray Inc.
Lindsay company
conversion cost
?
235200
56350
?
direct labor
43000
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25300
13300
depreciation
2400
17400
?
1500
manufacturing overhead
25500
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?
?
rent
16100
?
10100
830
direct materials
89100
362050
39600
17050
supervisors salary
5200
19450
2700
1900
utilities
?
34200
8850
630
Chapter 3B Solutions
MANAGERIAL ACCOUNTING F/MGRS.
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