Homework Answers
1.The cost of goods manufactured is similar to a retailer's cost of goods purchased in a merchandise company
2.For product costs to become expenses under the matching principle,the units to which they attach must be Sold.
4.
The source document used to specify the quantity and unit costs of raw materials issued into production is called a Material reacquisition form
5.
The source document used to assign direct labor costs to jobs is called the direct labour time ticket.
Add Answer to:
note: no answer key just fill in with best guess
Fill in the blank. 1. Cost...
(Fill in the blank Choices) for: (Question 6)(Question 9) Administrative Beginning Contribution Cost driver Direct...
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
Question 22 2 pts A source document that production managers use to request materials for production...
Question 22 2 pts A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a: Job cost sheet Production order Materials requisition. Materials purchase order. Receiving report Question 42 Kayak Company uses a job order costing system and locaties its own teatre labor costs. Kayak Company's production costs for the year wert.dredbe materials, $50,000, and factory overhead applied $6.000. The predetermined 5.0% 12.0%...
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...
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...
The following cost data relate to the manufacturing activities of Black Company during the just completed...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 3,000 4,900 9,800 23,900 5.900 $47,500 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning $31,900 $40,600 $ 8,700 $ 6,300 $ 5,000 $ 7,500 Work in process, ending The...
The following cost data relate to the manufacturing activities of Black Company during the just completed...
The following cost data relate to the manufacturing activities of Black Company during the just completed year Manufacturing overhead costs incurred: 2,900 5,000 9,900 23,900 5,900 Property taxes, factory Utlities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs $47.800 Other costs incurred: Purchases of raw materials Direct labor cost $32.400 $39.500 Inventories Raw materials, beginning Raw materials, ending Work in process, beginning S 8.800 8 200 s 6.200 Work in process, ending s 6.600 The company...
The following cost data relate to the manufacturing activities of Black Company during the just completed...
The following cost data relate to the manufacturing activities
of Black Company during the just completed year:
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 2,800 4,900 9,900 23,900 5,900 $47,400 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: $ 15,006 130,000 8,000 70,000 240,000 10,000 $473,000 Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,000 Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 60,006...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 2,90...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 2,900 4,900 9,900 23,900 5,900 $47,500 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning $31,400 $39,000 $ 8,400 $ 6,300 $ 5,800 $ 7,400 Work in process, ending The...
The following cost data relate to the manufacturing activities of Chang Company during the just completed...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $413,000 $ 73,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,300...
(Fill in the blank Choices) for: (Question 6)(Question
9)
Administrative
Beginning
Contribution
Cost driver
Direct labor
Direct labor-hours
Direct materials
Dollars of direct labor cost
Ending
Expensed
Fixed
Fixed manufacturing overhead
For the period ended
Income statement
Indirect labor
Indirect materials
Job cost
Level of activity
Machine-hours
Manufacturing
Manufacturing overhead
Margin
Name of company
Overapplied
Period
Predetermined overhead rate
Process cost
Selling
Statement of cost of goods manufactured
Total budgeted overhead
Underapplied
Variable costing
Work inprocess inventory
Question 7...
Question 22 2 pts A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a: Job cost sheet Production order Materials requisition. Materials purchase order. Receiving report Question 42 Kayak Company uses a job order costing system and locaties its own teatre labor costs. Kayak Company's production costs for the year wert.dredbe materials, $50,000, and factory overhead applied $6.000. The predetermined 5.0% 12.0%...
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...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 3,000 4,900 9,800 23,900 5.900 $47,500 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning $31,900 $40,600 $ 8,700 $ 6,300 $ 5,000 $ 7,500 Work in process, ending The...
The following cost data relate to the manufacturing activities of Black Company during the just completed year Manufacturing overhead costs incurred: 2,900 5,000 9,900 23,900 5,900 Property taxes, factory Utlities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs $47.800 Other costs incurred: Purchases of raw materials Direct labor cost $32.400 $39.500 Inventories Raw materials, beginning Raw materials, ending Work in process, beginning S 8.800 8 200 s 6.200 Work in process, ending s 6.600 The company...
The following cost data relate to the manufacturing activities
of Black Company during the just completed year:
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 2,800 4,900 9,900 23,900 5,900 $47,400 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year Manufacturing overhead costs incurred: $ 15,006 130,000 8,000 70,000 240,000 10,000 $473,000 Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred Other costs incurred: Purchases of raw materials (both direct and indirect) $400,000 Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending $ 60,006...
The following cost data relate to the manufacturing activities of Black Company during the just completed year: $ 2,900 4,900 9,900 23,900 5,900 $47,500 Manufacturing overhead costs incurred: Property taxes, factory Utilities, factory Indirect labor Depreciation, factory Insurance, factory Total actual manufacturing overhead costs Other costs incurred: Purchases of raw materials Direct labor cost Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning $31,400 $39,000 $ 8,400 $ 6,300 $ 5,800 $ 7,400 Work in process, ending The...
The following cost data relate to the manufacturing activities of Chang Company during the just completed year: Manufacturing overhead costs incurred: Indirect materials Indirect labor Property taxes, factory Utilities, factory Depreciation, factory Insurance, factory Total actual manufacturing overhead costs incurred 16,300 143,000 9,300 83,000 149,100 11,300 $412,000 Other costs incurred: Purchases of raw materials (both direct and indirect) Direct labor cost $413,000 $ 73,000 Inventories: Raw materials, beginning Raw materials, ending Work in process, beginning Work in process, ending 21,300...
Most questions answered within 3 hours.
-
Which of the following pairs of ions have the same electron
configuration?
I: Br− and Se2−...
asked 40 minutes ago -
The Foremost Composite Materials Company is planning a two-day
sales conference for October 19-20. The conference...
asked 1 hour ago -
3) Illustrate the observed pattern of relatedness of organisms
versus adaptations to specific conditions. This means...
asked 1 hour ago -
In winter a lake has a 0.35 m thick ice layer over 1.10 m of
water....
asked 2 hours ago -
Assuming the following has been encrypted with a Vigenere cipher
below, use the method(s) and assumptions...
asked 2 hours ago -
How would I use switch statements to write a program that will
take an input of...
asked 2 hours ago -
Imagine a reaction in which methane gas combusts at a constant
pressure of 1 atm and...
asked 2 hours ago -
Two parallel wires (each 12 m in length) are separated by a
distance of 0.065 m...
asked 2 hours ago -
Suppose there were three masses at the corner of uniform
equilateral triangle. The masses are m1...
asked 2 hours ago -
Situation: A building that is 618 m above the ground floor. How
many times would a...
asked 2 hours ago -
help me and discuss one successful and one
unsuccessful international company/busines in Indonesia.whyit
succeed and why...
asked 2 hours ago -
I- Choose the best answer
Which of the following statements about the structure and
packaging of...
asked 2 hours ago