MANAGERIAL ACCOUNTING F/MGRS.
MANAGERIAL ACCOUNTING F/MGRS.
6th Edition
ISBN: 9781264100590
Author: Noreen
Publisher: RENT MCG
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Chapter 5A, Problem 5A.3E

1.

To determine

Introduction: Job costing is a technique of determining the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order and is determined as predetermined overhead.

To compute: The cost per minute of the resource supplied in the shipping department, time driven activity rate for all three activities, and the total labor cost consumed by customers L, M, and N.

2.

To determine

Introduction: Job costing is a technique of determining the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order and is determined as predetermined overhead.

To compute: The used capacity in minutes, unused capacity in minutes, unused capacity in the number of employees, impact on expenses of matching capacity with demand.

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Consider a company facing a demand pattern and costs as follows: Sequential Requirements Number (units) 1 20 2 40 3 110 4 120 60 30 20 30 80 120 130 40 800 Month January February March April May June July August September October November December At ht 5 6 7 8 9 10 11 12 Total $25.00 $ 0.20 a. Construct a replenishment schedule and calculate the associated costs using the Lot for Lot method. b. Repeat using the Fixed Economic Order Quantity method. c. Repeat using the Periodic Order Quantity method. d. Repeat using the Wagner-Whitin Algorithm. (Note: Students are required to solve this
An allocation base: a. can be units of output if the company has a single product O b. is determined before the period begins. O c. All the given answers are correct. O d. can be direct labor cost e. is a measure used to assign manufacturing overhead costs to products and services PAGE NEXT PAGE IZ TWO Jump CQURSE OUTLINE_SPRING2021 ► tv MacBook Air
ABSORPTION COSTING VERSUS THROUGHPUT COSTING The book The Goal illustrates the concept of throughput costing. For the problem below prepare all journal entries and determine the impact on the income statement of the differences between absorption costing (normal accounting) and throughput costing. HINT: pay very careful attention to definitions of throughput, inventory and operating expense from the book           BUDGETED MANUFACTURING COSTS         DIRECT MATERIAL     $20 PER UNIT   DIRECT LABOR     $2 PER UNIT   VARIABLE OVERHEAD   $10 PER UNIT   FIXED OVERHEAD     $150,000       YEAR 1               NO BEGINNING INVENTORY           ACTUAL COSTS OF PRODUCTION EQUALS ABOVE MANUFACTURING COSTS PURCHASE DIRECT MATERAILS OF $200,000       INCUR SELLING AND ADMIN COSTS OF $80,000       #UNITS PRODUCED                 10,000       # UNITS SOLD                   9,000       SALES PRICE OF UNITS SOLD   $100       YEAR 2               THERE…
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