Question

Part IV- Sustainability and job costing 39. Give two examples of environmental and/or social information that could be included on the job cost record to give management a more encompassing view of the resources used in making the product. Oro 40. List four possible uses of job-related sustainability information 41. What is the goal of EPR laws? How do they work? 42. Why is e-waste an issue? Part V- How do managers deal with underallocated or overallocated manufacturing overhead? (LO 5) 43. Why will MOH be under-or overallocated during the period? In other words, what is the root cause of this issue? 44. What two figures are compared to determine the amount by which MOH has been overallocated or underallocated? 45. When MOH has been underallocated, it means that (not enough OR too much) MOH was assigned to jobs during the period. As a result jobs were (undercosted OR overcosted). Assuming most of the jobs produced during the period have been sold, (account name) should be (increased or decreased) to adjust for this error.

Answer 1

50) work in prouss should be invuand raw maturials to be decreased Work in process al dr xxx Xron To raw material inventory 51) work in prows work in process inventory: general xxx an do raw material at velvet 53) factory overhead; wolk over head factory to store EUR Alco receivable ak dr xxx wolves to To sales sales alc alc wao apos xxx nito Both al receivables & sales increaus