EBK COST ACCOUNTING
EBK COST ACCOUNTING
15th Edition
ISBN: 9780133812763
Author: Rajan
Publisher: VST
Question
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Chapter 4, Problem 4.20E

1.

To determine

Job Costing:

Job costing is a process of recording the cost on the basis of manufacturing job instead of the process. In job costing the project manager records separate cost for each job project. The cost accountant of the company also makes the separate cost sheet for each job assignment.

Budgeted manufacturing overhead Rate:

Budgeted manufacturing overhead rate is a method used for the allocation of expenses to the production batch. It is computed by dividing budgeted indirect cost by budgeted quantity.

To present: An overview diagram of M job costing system, and compute the budgeted manufacturing overhead rate of machining department and of assembly department.

2.

To determine

To compute: The total manufacturing overhead cost allocated.

3.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

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