Homework Answers
Matching
| 1 | Actual manufacturing overhead | D |
| 2 | Applied manufacturing overhead | F |
| 3 | Cost of goods manufactured | B |
| 4 | Cost of goods sold | H |
| 5 | Direct materials | E |
| 6 | Finished goods | I |
| 7 | Indirect materials | A |
| 8 | Raw material inventory | C |
| 9 | Work in process inventory | G |
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Match each term on the left with the best definition on the right. Note: Not all...
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...
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...
all one question just matching!!! thank you!!! itll help a lot especially since i dont have...
all one question just matching!!! thank you!!! itll help a lot
especially since i dont have enough funds for the book!!!
Manufacturing overhead allocated is less than the actual manufacturing overhead Debited for the amount of indirect materials requisitioned for jobs Account debited when raw materials are purchased 1 Process costing 2 Job costing DODDODD Used to accumulate direct materials, direct labor and manufacturing overhead allocated to a job 3. Job cost record Records the time spent by each employee...
Match each of the following terms to the corresponding definition by entering the appropriate lett A....
Match each of the following terms to the corresponding definition by entering the appropriate lett A. A company that purchases raw materials and converts them into finished products. B. A company that sells manufactured products C. Provides information about a company's social and environmental impact D. The cost of not doing something E. Costs that can be reasonably traced to a cost object F. Costs that cannot be reasonably traced or are not worth the effort to trace to a...
e1 (Chapters 2-3) Open with Matching Match each cost term with its proper meaning 1) Manufacturing...
e1 (Chapters 2-3) Open with Matching Match each cost term with its proper meaning 1) Manufacturing overhead a) executive, organizational, and clerical costs costs 2) Selling costs b) beginning inventory+purchases-ending inventory 3) Administrative costs c) costs involved in acquiring or making a product 4) Direct cost d) an increase in costs between two alternatives e) cost easily and conveniently traced to a specified cost object ) changes in direct proportion to changes in activity (constant per g) cost incurred and...
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...
1. Match the phrase to the right answer. -Type of labor incurred by hands on factory...
1. Match the phrase to the right answer. -Type of labor incurred by hands on factory workers -Document for capturing labor hours -Account where jobs are born -Type of Overhead put into WIP when using Job Costing -Landing place for sold jobs -Cost of finished products for the period Location of all completed jobs awaiting sale Some Options are: Direct, Actual, Timecard, Allocated, Work in process, Cost of goods manufactured, Finished Goods, Cost of goods sold. 2. Put the following...
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,...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000 and factory payroll cost in April is $363.000. Overhead costs incurred in April are indirect materials. $50,000 indirect labor. $23.000, factory rent. $32,000, factory utilities. S19.000 and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387...
M2-3 (Static) Matching Terms in Job Order Costing (LO2-1, 2-2, 2-3, 2-4, 2-5) Match each term...
M2-3 (Static) Matching Terms in Job Order Costing (LO2-1, 2-2, 2-3, 2-4, 2-5) Match each term on the left with the best definition on the right. Note: Not all definitions will be used a. A detailed record of costs incurred to complete a specific job b. A source document that shows how a worker spent time each week. c. An accounting system used by companies to make standardized or homogeneous products or services d. An accounting system used by companies...
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...
all one question just matching!!! thank you!!! itll help a lot
especially since i dont have enough funds for the book!!!
Manufacturing overhead allocated is less than the actual manufacturing overhead Debited for the amount of indirect materials requisitioned for jobs Account debited when raw materials are purchased 1 Process costing 2 Job costing DODDODD Used to accumulate direct materials, direct labor and manufacturing overhead allocated to a job 3. Job cost record Records the time spent by each employee...
Match each of the following terms to the corresponding definition by entering the appropriate lett A. A company that purchases raw materials and converts them into finished products. B. A company that sells manufactured products C. Provides information about a company's social and environmental impact D. The cost of not doing something E. Costs that can be reasonably traced to a cost object F. Costs that cannot be reasonably traced or are not worth the effort to trace to a...
e1 (Chapters 2-3) Open with Matching Match each cost term with its proper meaning 1) Manufacturing overhead a) executive, organizational, and clerical costs costs 2) Selling costs b) beginning inventory+purchases-ending inventory 3) Administrative costs c) costs involved in acquiring or making a product 4) Direct cost d) an increase in costs between two alternatives e) cost easily and conveniently traced to a specified cost object ) changes in direct proportion to changes in activity (constant per g) cost incurred and...
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...
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,...
Marcelino's March 31 inventory of raw materials is $80.000 Raw materials purchases in April are $500000 and factory payroll cost in April is $363.000. Overhead costs incurred in April are indirect materials. $50,000 indirect labor. $23.000, factory rent. $32,000, factory utilities. S19.000 and factory equipment depreciation, $51,000. The predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $635,000 cash in April. Costs of the three jobs worked on in April follow Job 386 Job 387...
M2-3 (Static) Matching Terms in Job Order Costing (LO2-1, 2-2, 2-3, 2-4, 2-5) Match each term on the left with the best definition on the right. Note: Not all definitions will be used a. A detailed record of costs incurred to complete a specific job b. A source document that shows how a worker spent time each week. c. An accounting system used by companies to make standardized or homogeneous products or services d. An accounting system used by companies...
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