ACC 202 Principles of Accounting 2 Ball State University

15th Edition

ISBN: 9781308193977

Author: Noreen, Brewer Garrison

Publisher: MCG/CREATE

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Manufacturing Costs

Manufacturing cost is the total cost of procuring or producing a product. In other words, the manufacturing cost is the cost that an individual or business owner undertakes for the manufacturing of goods.

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Textbook Question

Chapter 3, Problem 21P

EXERCISE 2−14 Job-Orders Costing for a Service Company LO2−1, LO2−2, LO2−3

Yancey Productions is a film studio that uses a job-order costing system. The company’s direct materials consist of items such as costumes and props. Its direct labor includes each film’s actors, directors, and extras. The company’s overhead costs include items such as utilities, depreciation of equipment, senior management salaries, and wages of maintenance workers. Yancey applies its overhead cost to films based on direct labor-dollars.
At the beginning of the ear, Yancey made the following estimates:

Direct labor-dollars to support all productions	$8,000,000
Fixed overhead cost	$4,800,000
Variable overhead cost per direct labor-dollar	$0.05

Required:

Compute the predetermined overhead rate.
During the year, Yancey produced a film titled You Can Say That Again that incurred the following costs:

Direct materials	$1,259,000
Direct labor cost	$2,400,000

Compute the total job cost for this particular film.

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Chapter 3, Problem 20E

Chapter 3, Problem 22P

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Chapter 3 Solutions

ACC 202 Principles of Accounting 2 Ball State University

Ch. 3.A - Prob. 1E Ch. 3.A - Prob. 2E Ch. 3.A - Prob. 3E Ch. 3.A - PROBLEM 3A-4 Activity-Based Absorption Costing as...Ch. 3.A - Prob. 5P Ch. 3.A - CASE 3A-6 Activity-Based Absorption Costing and...Ch. 3.B - Prob. 1E Ch. 3.B - Prob. 2E Ch. 3.B - Prob. 3P Ch. 3.B - Prob. 4C

Ch. 3 - Prob. 1Q Ch. 3 - Prob. 2Q Ch. 3 - Prob. 3Q Ch. 3 - Prob. 4Q Ch. 3 - Prob. 5Q Ch. 3 - Prob. 6Q Ch. 3 - Prob. 7Q Ch. 3 - Prob. 8Q Ch. 3 - 3-9 What is underapplied overhead? Overapplied...Ch. 3 - Prob. 10Q Ch. 3 - Prob. 11Q Ch. 3 - Prob. 12Q Ch. 3 - Prob. 13Q Ch. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - Prob. 3AE Ch. 3 - This Excel worksheet relates to the Dickson...Ch. 3 - Prob. 1F15 Ch. 3 - Prob. 2F15 Ch. 3 - Prob. 3F15 Ch. 3 - Prob. 4F15 Ch. 3 - Prob. 5F15 Ch. 3 - Prob. 6F15 Ch. 3 - Prob. 7F15 Ch. 3 - Prob. 8F15 Ch. 3 - Prob. 9F15 Ch. 3 - Prob. 10F15 Ch. 3 - Prob. 11F15 Ch. 3 - Prob. 12F15 Ch. 3 - Prob. 13F15 Ch. 3 - Prob. 14F15 Ch. 3 - Prob. 15F15 Ch. 3 - Prob. 1E Ch. 3 - Prob. 2E Ch. 3 - Prob. 3E Ch. 3 - EXERCISE 24 Computing Total Job Costs and Unit...Ch. 3 - EXERCISE 2-5 Computing Total Job Costs and Unit...Ch. 3 - Prob. 6E Ch. 3 - EXERCISE 2-7 Job-Order Costing; Working Backwards...Ch. 3 - Prob. 8E Ch. 3 - EXERCISE 3-9 Journal Entries and T-accounts...Ch. 3 - Prob. 10E Ch. 3 - Prob. 11E Ch. 3 - Prob. 12E Ch. 3 - Prob. 13E Ch. 3 - Prob. 14E Ch. 3 - Prob. 15E Ch. 3 - Prob. 16E Ch. 3 - Prob. 17E Ch. 3 - Prob. 18E Ch. 3 - Prob. 19E Ch. 3 - EXERCISE 2—13 Departmental Predetermined Overhead...Ch. 3 - EXERCISE 214 Job-Orders Costing for a Service...Ch. 3 - Prob. 22P Ch. 3 - PROBLEM 2—16 Plantwide Predetermined Overhead...Ch. 3 - Prob. 24P Ch. 3 - Prob. 25P Ch. 3 - Prob. 26P Ch. 3 - Prob. 27P Ch. 3 - PROBLEM 2-21 Plant wide Versus Multiple...Ch. 3 - CASE 2-22 Plantwide versus Departmental Overhead...Ch. 3 - Prob. 30C

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