The cost of standard job and special job under simple costing system Given information: 2014, Cost of supplies to standard job is $100. Direct labor cost of standard job is $90. Direct cost per job is $190 for standard job and $225 for special job (working note). Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

Question

Want to see the full answer?

Answer 1

Question

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

4.

To determine

To explain: The use of new cost information from activity based 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

Toodles Inc. had sales of $1,840,000. Cost of goods sold,administrative and selling expenses, and depreciation expenses were $1,180,000, $185,000 and $365,000 respectively. In addition, the company had an interest expense of $280,000 and a tax rate of 35 percent. (Ignore any tax loss carry-back or carry-forward provisions.)Arrange the financial information for Toodles Inc. in an income statement and compute its OCF?

Anti-Pandemic Pharma Co. Ltd. reports the following information in its income statement: Sales = $5,250,000; Costs = $2,173,000; Other expenses = $187,400; Depreciation expense = $79,000; Interest expense= $53,555; Taxes = $76,000; Dividends = $69,000. $136,700 worth of new shares were also issued during the year and long-term debt worth $65,300 was redeemed. a) Compute the cash flow from assets b) Compute the net change in working capital

Answer the questions in the attached image

Answer 2

Question

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

4.

To determine

To explain: The use of new cost information from activity based costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

4.

To determine

To explain: The use of new cost information from activity based costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

4.

To determine

To explain: The use of new cost information from activity based costing system.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

4.

To determine

To explain: The use of new cost information from activity based costing system.

Answer 6

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

Answer 7

Chapter 5, Problem 5.23E

1.

To determine

To calculate: The cost of standard job and special job under simple costing system

Given information:

2014,

Cost of supplies to standard job is $100.

Direct labor cost of standard job is $90.

Direct cost per job is $190 for standard job and $225 for special job (working note).

Overhead cost per job is $335.83 for standard job and $335.83 for special job (working note).

Answer 8

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

Answer 9

2.

To determine

To calculate: The cost of standard job and special job under activity based costing system

Given information:

Cost of supplies per job for standard job is $100 and for special job is $125.

Direct labor cost per job is $90 for standard job and $100 for special job.

Direct cost per job for standard job $190 and for special job is $225 (working note).

Overhead cost per job is $227.95 for standard job and $451.61 for special job(working note).

Answer 10

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

Answer 11

3.

To determine

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

Answer 12

4.

To determine

To explain: The use of new cost information from activity based costing system.

Answer 13

4.

To determine

To explain: The use of new cost information from activity based costing system.

Answer 14

Expert Solution & Answer

Answer 15

Expert Solution & Answer

Answer 16

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 17

Ch. 5 - What is broad averaging, and what consequences can...Ch. 5 - Why should managers worry about product...Ch. 5 - What is costing system refinement? Describe three...Ch. 5 - What is an activity-based approach to designing a...Ch. 5 - Describe four levels of a cost hierarchy.Ch. 5 - Why is it important to classify costs into a cost...Ch. 5 - What are the key reasons for product cost...Ch. 5 - Prob. 5.8Q Ch. 5 - Department indirect-cost rates are never...Ch. 5 - Prob. 5.10Q

To compare: The cost of the doors in requirement 1 and 2 and to find the reason for difference in the cost per unit of exterior and interior goods as per simple costing system and activity based costing system.

To explain: The use of new cost information from activity based costing system.

Want to see the full answer?

Chapter 5 Solutions