Prepare an overview of C’s job costing system.

Question

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Answer 1

Question

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

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Cariman Company is a manufacturer with two production departments (Machining and Assembly) as well as two support departments (Human Resources and Information Services).For the last quarter of 2020, Cariman’s cost records indicate the following:SUPPORT PRODUCTIONHuman Resources (HR)Information Services(IS)MachiningAssemblyTotalBudgeted overhead costs before any inter-department cost allocations$400,000$2,000,000$10,912,000$14,916,000$28,228,000Support work supplied by HR (Number of employees)025%40%35%100%Support work supplied by IS (Processing costs)10%030%60%100%Required:1. Allocate the two support departments’ costs to the two operating departments using the following methods:a. Direct method b. Step-down method (allocate HR first) c. Step-down method (allocate IS first) d. The Algebraic method.2. Compare and explain differences in the support-department costs allocated to each production department. 3. What approaches might be used to decide the sequence in which to allocate…

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Answer 2

Question

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

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Answer 3

Question

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

Expert Solution & Answer

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Answer 4

Question

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

Expert Solution & Answer

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Answer 5

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

Answer 6

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

Answer 7

Chapter 4, Problem 25P

1.

To determine

Prepare an overview of C’s job costing system.

Answer 8

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

Answer 9

2.

To determine

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

Answer 10

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

Answer 11

3.

To determine

Calculate the total manufacturing overhead cost allocated to job 431.

Answer 12

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

Answer 13

4.

To determine

Calculate the cost per unit if the job 431 consists of 100 units of product.

Answer 14

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

Answer 15

5.

To determine

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

Answer 16

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

Answer 17

6.

To determine

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

Answer 18

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Answer 19

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Answer 20

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Answer 21

Ch. 4 - Prob. 1Q Ch. 4 - Prob. 2Q Ch. 4 - Prob. 3Q Ch. 4 - Prob. 4Q Ch. 4 - Prob. 5Q Ch. 4 - Prob. 6Q Ch. 4 - Prob. 7Q Ch. 4 - Prob. 8Q Ch. 4 - Prob. 9Q Ch. 4 - Prob. 10Q

Prepare an overview of C’s job costing system.

Prepare an overview of C’s job costing system.

Calculate then budgeted manufacturing overhead rate for machining department and for finishing department.

Calculate the total manufacturing overhead cost allocated to job 431.

Calculate the cost per unit if the job 431 consists of 100 units of product.

Calculate the over or under allocated of manufacturing overhead for each department and for D plant as whole.

Explain the reason why C Company uses the two different manufacturing overhead cost pools in its job costing system.

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Chapter 4 Solutions