Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The Clash Company uses Normal Job-Order Costing in its individual production department. Overhead is applied to jobs by a predetermined rate, which is depend on machine hours. The Company started business on December 1, 2011. The only job began into process during December was Job 45. During December the Company purchased direct materials with a total cost of $15,000. Of this total for direct materials, $2,500 was used on Job 45. The Company also charged a total of $7,500 in conversion costs (direct labor + overhead) to Job 45 during December. Job 45 was NOT finished as of the finished of December and no other jobs were worked on during the month. There was no underapplied or overapplied overhead for December. The following transactions happend during 2012.1. Estimated overhead for 2012 is $384,000. The estimated machine hours for 2012 total 24,000.2. Direct materials purchased during 2012 cost a total of $150,000.
Task:
A. Compute the ending balances in Materials Inventory and Work In Process Inventory as of December 31, 2011.B. Without preparing a schedule, what is the Cost of Good Manufactured for December 2011?
Material Cost Control Therefore Materials form an important cost of output units and that should be controlled. Material Control is more than merely recording the accounting
Standards and Budgets Budgets like you recall from the previous section, are simply plans for expected future performance expressed in quantified monetary terms. Therefore the
Describe the meaning of the fixed production overhead variances calculated under the standard absorption costing system and talk about their usefulness to the management of X Ltd.
Relationship among management accounting and cost accounting Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accou
Alternative to Total Overhead Variances There is an easier approach to overhead variances. In this approach, the overheads are NOT sub-divided into their fixed and variable e
Does it make sense for PP's management to use so many discount rates in its evaluation? Explain. What additional information would you like to have to make a more informed decis
The next year's budget for Benny, Inc., is given below: Product 1 & 2 Sales $945,000 & 688500 Variable costs 459,900 & 297,000 Fixed costs 300
Win Corporation sells a single product. Budgeted sales for the year are anticipated to be 609,725 units, estimated beginning inventory is 107,791 units, and desired ending inventor
Compute the predetermined overhead rate used during the year in the Preparation and Fabrication Departments.
A product is manufactured by passing through three processes: A, B and C. In process C a by-product is also produced which is then transferred to process D where it is completed. F
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd