all one question just matching!!! thank you!!! itll help a lot
especially since i dont have enough funds for the book!!!Homework Answers
1. Under allocated manufacturing overhead, since overhead is allocated less than actual
2. Manufacturing Overhead account, indirect material is part of manufacturing overhead
3. Raw material inventory
4. Work in process inventory account
5. Labor time record
6. Job costing, since cost is allocated for particular job on basis of activity
7. Over allocated manufacturing overhead, since overhead is allocated more than actual
8. Pre-determined overhead rate, it is the rate at which overhead is allocated
9. Cost of each unit for a job
10. Work in process inventory
11. Pre determined overhead rate
12. Cost plus pricing
13. Allocation of manufacturing overhead
14. Indirect materials
15. Wages payable
16. Finished goods inventory
17. Cost of goods sold
18. Allocation of manufacturing overhead
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all one question just matching!!! thank you!!! itll help a lot
especially since i dont have...
Match each term with the explanation. Averages manufacturing costs across all units produced so that each...
Match each term with the explanation. Averages manufacturing costs across all units produced so that each identical unit bears the same cost Process of dividing the total manufacturing overhead among the jobs produced during the year Used to accumulate direct materials, direct labor and manufacturing overhead allocated to a job Predetermined manufacturing overhead rate multiplied by actual amount of allocation base used by job Account credited when recording the use of direct labor on jobs Account credited when finished goods...
its all one question just matching, thank you!!! Costs that have already incurred Cost of goods...
its
all one question just matching, thank you!!!
Costs that have already incurred Cost of goods available for sale minus ending (finished goods) inventory Selling, general and administrative expenses Triple bottom line 1. Materials used in manufacturing Raw materials inventory 2. Can be traced to a cost object Work in process inventory 3. Total manufacturing costs to account for minus ending work in process inventory Finished goods inventory 4. Value chain 5. Goods that are partway through the manufacturing process,...
chapter 4 job costing Please help with #5 Ch4 Job costing A job-costing system has a...
chapter 4 job costing
Please help with #5
Ch4 Job costing A job-costing system has a sep record is typically found in a sul Control presents the total system has a separate job-cost record for each job. A summary of the job-cost ypically found in a subsidiary leder. The general ledger account-Work-in-Process presents the total of these separate job cost records pertaining to all unfinished jobs. The job-cost records and Work-in-Process Control account track job costs account track job costs...
I do not know how to do 7b. Question 1-7a are listed below. Thank you!!! Question:...
I do not know how to do 7b. Question 1-7a are listed
below. Thank you!!!
Question: Cole Company uses normal costing in its job-costing
system. Partially completed T-accounts and additional information
for Cole for 2020 are as follow:
T-accounts X Х Direct Materials Control 1-1-2020 38,000 237,000 Finished Goods Control 1-1-2020 14,000 884,960 Work-in-Process Control 1-1-2020 46,000 Dir. Manuf. labor 357,000 Manufacturing Overhead Allocated 134,000 Manufacturing Overhead Control 517,000 926,270 Cost of Goods Sold Print Done More Info X Х...
Che Job costing A job-costing syste ing system has a separate job-cost record for each job....
Che Job costing A job-costing syste ing system has a separate job-cost record for each job. A summary of the job-cost card is typically found in a subsidiary ledger. The general ledger Rocount Work-in-Process Control control presents the total of these separate job cost records pertaining to all unfinished jobs. The job-cost records and Work-in-Process Control account track ob costs from when ob start until they are complete. When jobs are completed or sold, they are recorded in the finished-goods...
Match each term on the left with the best definition on the right. Note: Not all...
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. luction cost assigned to goods that were produced during the period. C. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of Indirect manufacturing costs incurred during the period. e. Materials that can be directly and convenlently...
M2-4 (Static) Matching Terms in Job Order Costing [LO 2-4, 2-6) Match each term on the...
M2-4 (Static) Matching Terms in Job Order Costing [LO 2-4, 2-6) Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. b. Total production cost assigned to goods that were produced during the period. c. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of indirect manufacturing...
I need help with the whole question with a solution and explanation Please and Thank you....
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework i Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 51% of direct materials costs. During the month, the jobs used direct materials as shown below. 4.44 points Job 1 Job 2...
need help ASAP. Thank you. QS 15-10 Manufacturing cost flows LO P1, P2, P3 On March...
need help ASAP. Thank you.
QS 15-10 Manufacturing cost flows LO P1, P2, P3 On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below. 10 points Direct materials used Job 1 Job 2 Job 3 $6,400 $8,400 $2,900 8 02:55:32 During the month, the jobs...
1. LO 41 Which of the following product situations is better suited to job order costing...
1. LO 41 Which of the following product situations is better suited to job order costing than to process conting? A Each product batch is exactly the same as the prior batch B. The costs are easily traced to a specific product. C. Costs are accumulated by department D. The value of work in process is based on assigning standard costs. 2. LO 41 A job order costing system is most likely used by which of the following? A. a...
its
all one question just matching, thank you!!!
Costs that have already incurred Cost of goods available for sale minus ending (finished goods) inventory Selling, general and administrative expenses Triple bottom line 1. Materials used in manufacturing Raw materials inventory 2. Can be traced to a cost object Work in process inventory 3. Total manufacturing costs to account for minus ending work in process inventory Finished goods inventory 4. Value chain 5. Goods that are partway through the manufacturing process,...
chapter 4 job costing
Please help with #5
Ch4 Job costing A job-costing system has a sep record is typically found in a sul Control presents the total system has a separate job-cost record for each job. A summary of the job-cost ypically found in a subsidiary leder. The general ledger account-Work-in-Process presents the total of these separate job cost records pertaining to all unfinished jobs. The job-cost records and Work-in-Process Control account track job costs account track job costs...
I do not know how to do 7b. Question 1-7a are listed
below. Thank you!!!
Question: Cole Company uses normal costing in its job-costing
system. Partially completed T-accounts and additional information
for Cole for 2020 are as follow:
T-accounts X Х Direct Materials Control 1-1-2020 38,000 237,000 Finished Goods Control 1-1-2020 14,000 884,960 Work-in-Process Control 1-1-2020 46,000 Dir. Manuf. labor 357,000 Manufacturing Overhead Allocated 134,000 Manufacturing Overhead Control 517,000 926,270 Cost of Goods Sold Print Done More Info X Х...
Che Job costing A job-costing syste ing system has a separate job-cost record for each job. A summary of the job-cost card is typically found in a subsidiary ledger. The general ledger Rocount Work-in-Process Control control presents the total of these separate job cost records pertaining to all unfinished jobs. The job-cost records and Work-in-Process Control account track ob costs from when ob start until they are complete. When jobs are completed or sold, they are recorded in the finished-goods...
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. luction cost assigned to goods that were produced during the period. C. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of Indirect manufacturing costs incurred during the period. e. Materials that can be directly and convenlently...
M2-4 (Static) Matching Terms in Job Order Costing [LO 2-4, 2-6) Match each term on the left with the best definition on the right. Note: Not all definitions will be used. a. Materials that cannot be directly or conveniently traced to a specific unit or job. b. Total production cost assigned to goods that were produced during the period. c. Cost of materials purchased from suppliers that have not yet been used in production. d. Actual amount of indirect manufacturing...
I need help with the whole question with a solution and explanation
Please and Thank you.
Chapter 15 Homework i Saved Help Save & Exit Submit Check my work On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 51% of direct materials costs. During the month, the jobs used direct materials as shown below. 4.44 points Job 1 Job 2...
need help ASAP. Thank you.
QS 15-10 Manufacturing cost flows LO P1, P2, P3 On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 45% of direct materials costs. During the month, the jobs used direct materials as shown below. 10 points Direct materials used Job 1 Job 2 Job 3 $6,400 $8,400 $2,900 8 02:55:32 During the month, the jobs...
1. LO 41 Which of the following product situations is better suited to job order costing than to process conting? A Each product batch is exactly the same as the prior batch B. The costs are easily traced to a specific product. C. Costs are accumulated by department D. The value of work in process is based on assigning standard costs. 2. LO 41 A job order costing system is most likely used by which of the following? A. a...
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