MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
17th Edition
ISBN: 9781264343850
Author: Garrison
Publisher: MCG CUSTOM
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Textbook Question
Chapter 4.A, Problem 2E
EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method LOW
Superior Micro Products uses the FIFO method in its
Materials LaborOverhead Cost added during May $193,320 $62,000 $310,000 Equivalent units of production 27,000 25,000 25,000
Required:
Compute the cost per equivalent unit for materials, labor, overhead, and in total.
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Question 4
ABC Manufacturing uses activity-based costing. Each product consists of 20 separate parts totaling $95 in direct
materials, and requires 2.5 hours of machine time to produce. Additional information is as follows:
Acitivity
Materials handling
Machine operations
Assembling
Packaging
Allocation Base
Number of parts
Number of hours
Number of parts
Number of completed products
$0.09
$5.22
$0.35
$2.00
Cost Allocation Rate
What is the cost of materials handling per product? Enter your response with two decimals but without a comma or $
sign.
Problem 2
Jeffery Technologies used the weighted-average method in it process costing
system. Data for the Assembly Department for October appears below:
Work in Process, October 1
Costs added during October
Equivalent Units of Production
Required:
Materials
$25,000
$235,000
40,000
Conversion Costs
$40,000
$260,000
25,000
1. Compute the cost per equivalent unit of production for materials and
conversion costs. Show calculations.
2. Compute the total cost per equivalent whole unit.
Question No.6
Hunter Company manufactures two products (XX and YY). The overhead costs have been divided into four cost pools that use the following activity drivers.
Product
Number of Orders
Number of Set-ups
Number of Labor Transactions
Labor Hours
XX
YY
Cost per pool
60
20
Rs.16,000
20
80
Rs.13,000
50
70
Rs.2,400
2,000
500
Rs.20,000
Required:
Compute the allocation rates for each of the activity drivers listed.
Allocate the overhead costs to product XX and product YY using activity-based costing.
Compute the overhead rate using machine hours under the functional-based costing system.
Allocate the overhead cost to Product XX and YY using the functional-based costing system overhead rate calculated in part C.
Chapter 4 Solutions
MANAGERIAL ACCTING LL W/CNCT- UND CUSTOM
Ch. 4.A - EXERCISE 4A-1 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-2 Cost per Equivalent Unit-FIFO Method...Ch. 4.A - EXERCISE 4A-3 Assigning Costs to Units-FIFO Method...Ch. 4.A - EXERCISE 4A-4 Cost Reconciliation Report-EIFO...Ch. 4.A - EXERCISE 4A-5 Computation of Equivalent Units of...Ch. 4.A - EXERCISE 4A-6 Equivalent Units of Production-FIFO...Ch. 4.A - EXERCISE 4A-7 Equivalent Units of Production and...Ch. 4.A -
EXERCISE 4A-8 Equivalent Units of Production—FIFO...Ch. 4.A - EXERCISE 4A-9 Equivalent Units; Equivalent Units...Ch. 4.A - PROBLEM 4A-10 Equivalent Units of Production;...
Ch. 4.A - Prob. 11PCh. 4.A - Prob. 12CCh. 4.B - Prob. 1ECh. 4.B - EXERCISE 4B-2 Step-Down Method LO4-11 Madison Park...Ch. 4.B - Prob. 3ECh. 4.B - EXERCISE 4B-4 Direct Method LO4-10 Refer to the...Ch. 4.B - PROBLEM 4B-5 Step-Down Method L04-11 Woodbury...Ch. 4.B - Prob. 6CCh. 4 - Prob. 1QCh. 4 - In what ways are job-order and process costing...Ch. 4 - Why is cost accumulation simpler in a process...Ch. 4 - How many Work in Process accounts are maintained...Ch. 4 - Prob. 5QCh. 4 - Prob. 6QCh. 4 - Prob. 7QCh. 4 - Prob. 8QCh. 4 - Prob. 1AECh. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - This exercise relates to the Double Diamond Skis’...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Clopack Company manufactures one product that goes...Ch. 4 - Prob. 10F15Ch. 4 - Prob. 11F15Ch. 4 - Prob. 12F15Ch. 4 -
Clopack Company manufactures one product that...Ch. 4 - Prob. 14F15Ch. 4 - Prob. 15F15Ch. 4 - Prob. 1ECh. 4 - Prob. 2ECh. 4 - Prob. 3ECh. 4 - EXERCISE 4-4 Assigning Costs to...Ch. 4 - EXERCISE 4-5 Cost Reconciliation...Ch. 4 - Prob. 6ECh. 4 - Prob. 7ECh. 4 - Prob. 8ECh. 4 -
EXERCISE 4-9 Equivalent Units and Cost per...Ch. 4 - Prob. 10ECh. 4 - Prob. 11ECh. 4 - Prob. 12ECh. 4 - Prob. 13PCh. 4 - Prob. 14PCh. 4 - Prob. 15PCh. 4 - PROBLEM 4-16 Comprehensive...Ch. 4 - Prob. 17PCh. 4 - Prob. 18PCh. 4 - Prob. 19CCh. 4 - (
CASE 4-20 Ethics and the Manager, Understanding...
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