1.
Introduction:
To compute: The overhead cost applied to the account last year and this year, if the predetermined overhead are based on estimated studio overhead cost and the estimated hour of studio service for the year.
2.
Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption
To compute: The overhead cost applied to the account last year and this year, if the predetermined overhead rates are based on hours of studio service that could be provided as capacity.
3.
Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption
To compute: Unused capacity cost reported by the company in this year and last year.
4.
Introduction: Job costing is a technique of determine the cost of a manufacturing job rather than the process of the job. Manufacturing overhead is applied to product or job order is determined as predetermined overhead. Absorption costing is used to calculate the cost of product while taking indirect and direct expense into account. Activity based costing assign the cost of all the activity of the organization according to their actual consumption
To determined: The method of computing predetermined overhead rate likely to be more helpful in facing the competition.
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Chapter 3B Solutions
MANAGERIAL ACCOUNTING F/MGRS.
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