Bundle: Managerial Accounting, 15th + C...15th EditionCarl Warren, Ph.d. Cma William B. Tayler Publisher: Cengage LearningISBN: 9781337955386
Bundle: Managerial Accounting, 15th + C...
Solutions for Bundle: Managerial Accounting, 15th + Cengagenowv2, 1 Term Printed Access Card
Problem 1DQ:
A. Name two principal types of cost accounting systems. B. Which system provides for a separate...Problem 2DQ:
What kind of firm would use a job order cost system?Problem 3DQ:
Which account is used in the job order cost system to accumulate direct materials, direct labor, and...Problem 4DQ:
What document is the source for (A) debiting the accounts in the materials ledger and (B) crediting...Problem 5DQ:
What is a job cost sheet?Problem 7DQ:
Discuss how the predetermined factory overhead rate can be used in job order cost accounting to...Problem 8DQ:
A. How is a predetermined factory overhead rate computed? B. Name three common bases used in...Problem 1BE:
Issuance of materials On May 7, Bergan Company purchased on account 10,000 units of raw materials at...Problem 2BE:
Direct labor costs During May, Bergan Company accumulated 2,500 hours of direct labor costs on Job...Problem 3BE:
Factory overhead costs During May, Bergan Company incurred factory overhead costs as follows:...Problem 4BE:
Applying factory overhead Bergan Company estimates that total factory overhead costs will be 620,000...Problem 5BE:
Job costs At the end of May, Bergan Company had completed Jobs 200 and 305. Job 200 is for 2,390...Problem 6BE:
Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...Problem 1E:
Transactions in a job order cost system Five selected transactions for the current month are...Problem 2E:
The following information is available for the first year of operations of Creston Inc., a...Problem 3E:
Cost of materials issuances under the FIFO method An incomplete subsidiary ledger of materials...Problem 4E:
Materials issued are as follows: Journalize the entry to record the issuance of materials.Problem 5E:
Kingsford Furnishings Company manufactures designer furniture. Kingsford Furnishings uses a job...Problem 6E:
A summary of the time tickets is as follows: Journalize the entry to record the factory labor costs.Problem 7E:
Entry for factory labor costs The weekly time tickets indicate the following distribution of labor...Problem 8E:
Schumacher Industries Inc. manufactures recreational vehicles. Schumacher Industries uses a job...Problem 9E:
Eclipse Solar Company operates two factories. The company applies factory overhead to jobs on the...Problem 10E:
Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair...Problem 11E:
Predetermined factory overhead rate Poehling Medical Center has a single operating room that is used...Problem 12E:
The following account appears in the ledger prior to recognizing the jobs completed in January: Jobs...Problem 13E:
Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 were completed...Problem 14E:
The following events took place for Rushmore Biking Inc. during February, the first month of...Problem 15E:
Job order cost accounting for a service company The law firm of Furlan and Benson accumulates costs...Problem 16E:
Job order cost accounting for a service company The Fly Company provides advertising services for...Problem 1PA:
Barnes Company uses a job order cost system. The following data summarize the operations related to...Problem 2PA:
Entries and schedules for unfinished jobs and completed jobs Kurtz Fencing Inc. uses a job order...Problem 3PA:
Job cost sheet Remnant Carpet Company sells and installs commercial carpeting for office buildings....Problem 4PA:
Analyzing manufacturing cost accounts Fire Rock Company manufactures designer paddle boards in a...Problem 1PB:
Entries for costs in a job order cost system Royal Technology Company uses a job order cost system....Problem 2PB:
Entries and schedules for unfinished jobs and completed jobs Hildreth Company uses a job order cost...Problem 3PB:
Job cost sheet Stretch and Trim Carpet Company sells and installs commercial carpeting for office...Problem 4PB:
Analyzing manufacturing cost accounts Clapton Company manufactures custom guitars in a wide variety...Problem 5PB:
Flow of costs and income statement Technology Accessories Inc. is a designer, manufacturer, and...Problem 1MAD:
Antolini Enterprises produces mens sports coats that are sold by popular department stores. Each...Problem 2MAD:
Alvarez Manufacturing Inc. is a job shop. The management of Alvarez Manufacturing Inc. uses the cost...Problem 1TIF:
Ethics in Action TAC Industries Inc. sells heavy equipment to large corporations and federal, state,...Problem 3TIF:
Communication Carol Creedence, the plant manager of the Clearwater Companys Revival plant, has...Problem 4TIF:
RIRA Company makes attachments such as backhoes and grader and bulldozer blades for construction...Problem 5TIF:
Todd Lay just began working as a cost accountant for Enteron Industries Inc., which manufactures...Problem 1CMA:
Baldwin Printing Company uses a job order cost system and applies overhead based on machine hours. A...Problem 2CMA:
John Sheng, a cost accountant at Starlet Company, is developing departmental factory overhead...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Managerial AccountingChapter 2 - Job Order CostingChapter 3 - Process Cost SystemsChapter 4 - Activity-based CostingChapter 5 - Support Department And Joint Cost AllocationChapter 6 - Cost-volume-profit AnalysisChapter 7 - Variable Costing For Management
analysisChapter 8 - BudgetingChapter 9 - Evaluating Variances From Standard CostsChapter 10 - Evaluating Decentralized Operations
Sample Solutions for this Textbook
We offer sample solutions for Bundle: Managerial Accounting, 15th + Cengagenowv2, 1 Term Printed Access Card homework problems. See examples below:
Financial accounting: Financial accounting is the process of recording, summarizing, and reporting...Chapter 1, Problem 4PAChapter 1, Problem 4PBManagerial accounting: Managerial accounting is the process of identifying, measuring, analyzing,...Chapter 2, Problem 1DQChapter 2, Problem 2PAChapter 2, Problem 2PBJob order costing Job order cost system provides a separate record of each particular quantity of...Predetermined factory overhead rate Normally, factory overhead costs are applied or allocated to...
Chapter 3, Problem 1DQChapter 3, Problem 8EChapter 3, Problem 16EEquivalents units for production The activity of a processing department in terms of fully completed...Chapter 3, Problem 1PAChapter 3, Problem 1PBChapter 3, Problem 4PBChapter 4, Problem 1DQChapter 4, Problem 4EChapter 4, Problem 13ESingle plant-wide factory overhead rate: The rate at which the factory or manufacturing overheads...Chapter 4, Problem 3PAChapter 4, Problem 3PBChapter 5, Problem 1DQChapter 5, Problem 6ECost allocation: The cost allocation refers to the process of allocating the costs associated with...Chapter 5, Problem 10EChapter 5, Problem 2PAChapter 5, Problem 2PBChapter 6, Problem 1DQCost-Volume-Profit Analysis: It is a method followed to analyze the relationship between the sales,...Sales mix: It refers to the relative distribution of the total sales among the number of products...Chapter 6, Problem 6PACost-Volume-Profit Analysis: It is a method followed to analyze the relationship between the sales,...Sales mix: It refers to the relative distribution of the total sales among the number of products...Chapter 6, Problem 6PBChapter 7, Problem 1DQChapter 7, Problem 14EAbsorption Costing Absorption costing is compulsory under Generally Accepted Accounting Principles...Chapter 7, Problem 3PAChapter 7, Problem 1PBChapter 7, Problem 3PBBudgeting: Budgeting is a process to prepare the financial statement by the manager to estimate the...Budgeting is a process to prepare the financial statement by the manager to estimate the...The following table shows the production budget for D and 501 J. Company LProduction BudgetFor the...Chapter 8, Problem 2PAChapter 8, Problem 3PAChapter 8, Problem 2PBChapter 8, Problem 3PBChapter 9, Problem 1DQIncome statement with variances: The financial statement which reports revenues and expenses from...Chapter 9, Problem 12EChapter 9, Problem 1PAChapter 9, Problem 5PAChapter 9, Problem 1PBDirect material variances: The difference between the actual material cost per unit and the standard...Chapter 10, Problem 1DQChapter 10, Problem 5EProfit margin: This ratio gauges the operating profitability by quantifying the amount of income...Income statement: The financial statement which reports revenues and expenses from business...Chapter 10, Problem 4PAIncome statement: The financial statement which reports revenues and expenses from business...Profit margin: This ratio gauges the operating profitability by quantifying the amount of income...Chapter 11, Problem 1DQChapter 11, Problem 6PADesired Profit: Company NG aims at earning a profit of 10% of the total investment made of $600,000....Chapter 11, Problem 1MADChapter 11, Problem 2MADDifferential Analysis: Differential analysis refers to the analysis of differential revenue that...Chapter 12, Problem 1DQCash payback method: Cash payback period is the expected time period which is required to recover...Cash payback period: Cash payback period is the time period which the cost of investment is expected...Net present value method: Net present value method is used to compare the initial cash outflow of...Chapter 13, Problem 1DQLean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved...Chapter 13, Problem 13ELean Manufacturing: Lean manufacturing aims at reducing the cost and minimizing the waste involved...Chapter 13, Problem 3PAChapter 13, Problem 3PBChapter 14, Problem 1DQChapter 14, Problem 10EChapter 14, Problem 2PAChapter 14, Problem 2PBStatement of cash flows: It is one of the financial statement that shows the cash and cash...Chapter 15, Problem 17EStatement of cash flows: It is one of the financial statement that shows the cash and cash...Statement of cash flows: It is one of the financial statement that shows the cash and cash...Statement of cash flows: It is one of the financial statement that shows the cash and cash...Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and...Financial Ratios: Financial ratios are the metrics used to evaluate the capabilities, profitability,...Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,...Chapter 16, Problem 4PAFinancial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,...Compute working capital. Working capital=Current assets–Current liabilities= $3,200,000 –...Financial Ratios: Financial ratios are the metrics used to evaluate the capabilities, profitability,...Financial Ratios: Financial ratios are the metrics used to evaluate the liquidity, capabilities,...
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