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Question 1: Distinguish between job costing and batch costing, citing TWO (2) examples of industries that would employ each.
Question 2: Cite two (2) examples of work that may be done using specific order costing and two (2) examples of work that may be done using costing for continuous work.
Given the following data, calculate cost of goods sold and the cost of ending inventory.
Using Excel, draw one graph showing average fixed costs, average variable costs, average total costs, marginal revenue, and marginal costs.
What other factors, other than costs, should Pagoda consider? How would you weight these factors? Given the above, how might you use a weighted-point evaluation system to evaluate the two options?
Explain what static and flexible budgets are and how they relate to each other? What is a standard cost system and why is it used?
Compute inventory amounts at the end of each year, including January 1, 2018. On January 1, 2018, the National Furniture Company adopted
Bodacious Corporation produced 100 units of Product AA. The total standard and actual costs for materials and direct labor for the 100 units of Product AA
Evaluate approximate Activity Cost Driver Rates (ACDR) for the drivers you have chosen.
The company uses job costing and applies overhead on the basis of direct labor hours. Overhead for the company consists of painting equipment
Prepare journal entries to record the March transactions in the General Journal below. Remember that Debits must equal Credits.
Assume that each bat is sold at R4 500, calculate the profit that Hard Knock Manufactures make if they both manufacture and sell 8 000 bats
Explain the difference between actual and normal costing. When a single, volume-based cost driver is used to apply manufacturing overhead, what is the managerial accountant's primary objective in select- ing the cost driver?
Evaluate managements discussion and analysis
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