ated data 100 the manufactures ises and uses an activity Foased costing system. Johnston's activity reas and related (Click the icon to view the activity areas and related data.) Johnston produced two styles of bookcases in October. the standard bookcase and an unfinished bookcase, which has fewer parts and requires no finishing. The totals for quantities, direct materials costs, and other data follow (Click the icon to view the totals for quantities, direct materials costs, and other data) Read the requirements Requirement 1. Compute the manufacturing product cost per unit of each type of bookcase. (Enter a "0" for any zero-balances.) Standard Bookcase Unfinished Bookcase Total manufacturing cost Manufacturing cost per unit Data table Product Standard bookcase Unfinished bookcase Total Units Total Direct Total Direct Produced Materials Costs Labor Costs $ 4,000 5,000 72,000 $ 84,000 80.000 70,000 Print Done Total Number of Parts 12.000 10,000 Total Assembling Direct Labor Hours 6,000 5.000 Data table Budgeted Cost of Activity S 2.00 Activity Materials handling Assembly 15.00 4.50 150,000 Number of finished units Finishing "Refers to number of units receiving the finishing activity, not the number of units transferred to Finished Goods Inventory Allocation Base 210,000 Number of parts 3,500,000 Number of assembling direct labor hours Print Predetermined Overhead Allocation Rate Done S

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Process Costing

Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.  

Job Costing

Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.

ABC Costing

Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.