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).

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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.

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I need a expert not AI Step Amount Category Inventory 1. Beginning Balance, January 1 28,000 Beginning Balance Raw Materials 2. (+) Purchases (RM Purchases) 220,000 Addition Raw Materials 3. (-) Ending Balance 20,000 Ending Balance Raw Materials 4. = Transferred Out (RM used) (228,000) Transferred Out Raw Materials 5. (+) Direct Labor (152,000) Transferred Out Direct Labor 6. (+) Fixed Overhead 300,000 Addition Overhead 7. (+) Variable Overhead - Addition Overhead 8. = Total Factory Overhead (390,000) Transferred Out Overhead 9. Beginning Balance, January 1 40,000 Beginning Balance WIP 10. (+) Additions (RM used) 228,000 Addition WIP 11. (+) Additions (DL used) 152,000 Addition WIP 12. (+) Additions (OH used) 390,000 Addition WIP 13. (-) Ending Balance, December 31 55,000 Ending Balance WIP 14. = Transferred Out (COGM) (755,000)…

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

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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.

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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.

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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

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Answer 15

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Answer 16

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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.

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Chapter 5 Solutions