An overview diagram of P job costing system.

Question

Want to see the full answer?

Answer 1

Question

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

3.

To determine

To compute: The total manufacturing overhead cost allocated.

4.

To determine

To compute: The cost per unit.

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

What is the role of the accounting equation in the analysis of business transactions?

Explain how this theory can help individuals in at least two fields (business, medical, education, etc.) better work in intercultural settings. Define the theory based on credible sources. Discuss the development of the theory: how it originated and came to its current status. Evaluate your scholarly sources, providing a brief comment on the theoretical aspects of each. Discuss the link(s) between your chosen theory and career field. Discuss the implications of your case on individuals, society, and the public. How does an increased intercultural understanding affect these different groups? In 8-10 pages in length. The paper should include support for the topic, your analyses and position(s) by citing course readings, and include at least five credible sources that you chose for your annotated bibliography. A credible source is defined as: a scholarly or peer-reviewed journal article

which one is correct option?

Answer 2

Question

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

3.

To determine

To compute: The total manufacturing overhead cost allocated.

4.

To determine

To compute: The cost per unit.

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

3.

To determine

To compute: The total manufacturing overhead cost allocated.

4.

To determine

To compute: The cost per unit.

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

3.

To determine

To compute: The total manufacturing overhead cost allocated.

4.

To determine

To compute: The cost per unit.

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

3.

To determine

To compute: The total manufacturing overhead cost allocated.

4.

To determine

To compute: The cost per unit.

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Answer 6

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

Answer 7

Chapter 4, Problem 4.31P

1.

To determine

To prepare: An overview diagram of P job costing system.

Answer 8

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

Answer 9

2.

To determine

The budgeted manufacturing overhead rate of machining department and of finishing department.

Given information:

For machining department:

Budgeted manufacturing overhead cost is $9,065,000.

Budgeted machine hour is 185,000.

For finishing department:

Budgeted manufacturing overhead cost is $8,181,000.

Budgeted direct manufacturing labor cost is $4,050,000.

Answer 10

3.

To determine

To compute: The total manufacturing overhead cost allocated.

Answer 11

3.

To determine

To compute: The total manufacturing overhead cost allocated.

Answer 12

4.

To determine

To compute: The cost per unit.

Answer 13

4.

To determine

To compute: The cost per unit.

Answer 14

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

Answer 15

5.

To determine

To compute: The under or over allocated manufacturing overhead of both the department.

Answer 16

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Answer 17

6.

To determine

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 21

Ch. 4 - Define cost pool, cost tracing, cost allocation,...Ch. 4 - How does a job-costing system differ from a...Ch. 4 - Why might an advertising agency use job costing...Ch. 4 - Describe the seven steps in job costing.Ch. 4 - Give examples of two cost objects in companies...Ch. 4 - Describe three major source documents used in...Ch. 4 - What is the advantage of using computerized source...Ch. 4 - Give two reasons why most organizations use an...Ch. 4 - Distinguish between actual costing and normal...Ch. 4 - Describe two ways in which a house-construction...

An overview diagram of P job costing system.

To prepare: An overview diagram of P job costing system.

To compute: The total manufacturing overhead cost allocated.

To compute: The cost per unit.

To compute: The under or over allocated manufacturing overhead of both the department.

To explain: The reason P uses 2 different manufacturing overhead cost in job costing system.

Want to see the full answer?

Chapter 4 Solutions