Job Order Costing: It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes. To determine: 1. Do you agree with the cost analysis for the second order? Explain your answer. 2. Should the two orders be accounted for as one job or two in Hiebert’s system? 3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

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Answer 1

Question

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

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Answer 2

Question

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Expert Solution & Answer

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Answer 3

Question

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Answer 6

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Answer 7

Chapter 19, Problem 19.1DC

To determine

Job Order Costing:

It is a costing system based on individual product or batch of identical products. Each type of products with different specification will be treated as separate jobs for cost purposes.

To determine:

1. Do you agree with the cost analysis for the second order? Explain your answer.

2. Should the two orders be accounted for as one job or two in Hiebert’s system?

3. The sales price per box should Ben Hiebert set for the second order. What are the advantages and disadvantages of this sales price?

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 19 - Prob. 1QC Ch. 19 - When a manufacturing company uses direct...Ch. 19 - When a manufacturing company uses indirect...Ch. 19 - When a manufacturing company uses direct labor, it...Ch. 19 - What is Gell's predetermined overhead allocation...Ch. 19 - What is Gell's actual manufacturing overhead cost?...Ch. 19 - How much manufacturing overhead would Gell...Ch. 19 - What entry would Gell make to adjust the...Ch. 19 - A manufacturing company completed work on a job....Ch. 19 - Prob. 10QC

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Chapter 19 Solutions