Principles of Cost Accounting17th EditionEdward J. Vanderbeck; Maria R. Mitchell Publisher: Cengage Learning USISBN: 9781305692862
Principles of Cost Accounting
Solutions for Principles of Cost Accounting
Problem 1Q:
What are the two basic systems of cost accounting, and under what conditions may each be used...Problem 2Q:
Following is a list of manufactured products. For each product, would a job order or a process cost...Problem 3Q:
Give three examples of industries and companies within industries that would use process costing.Problem 4Q:
What is the primary difference between the two cost accounting systems regarding the accumulation of...Problem 5Q:
What is the difference between the term unit cost as commonly used in a process cost system and the...Problem 6Q:
How do the two cost accounting systems differ in accounting for each of the following items? a....Problem 10Q:
What would be the effect on the unit cost of finished goods if an estimate of the stage of...Problem 15Q:
In determining the costs transferred to a third department from a second department, are the costs...Problem 1E:
Compute the equivalent production (unit output) for the month for each of the following situations:Problem 2E:
During the month, a company with no departmentalization incurred costs of 45,000 for materials,...Problem 3E:
Comacho Chemical Co. recorded costs for the month of 18,900 for materials, 44,100 for labor, and...Problem 4E:
Norwood Co. had 200 units in work in process at the beginning of the month. During the month, 7,500...Problem 5E:
Using the following data, determine which figures should be inserted in the blank spaces.Problem 6E:
The records of Burris Inc. reflect the following data: Work in process, beginning of month2,000...Problem 7E:
The records of Stone Inc. reflect the following data: Work in process, beginning of month4,000 units...Problem 8E:
Argo Manufacturing Co. had 500 units, three-fifths completed, in process at the beginning of the...Problem 9E:
AAA Appliances Inc. has two production departments. The nature of the process is such that no units...Problem 10E:
AAA Appliances Inc. has two production departments. The nature of the process is such that no units...Problem 15E:
Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the...Problem 16E:
Chavez Concrete Inc. has two production departments. Blending had 1,000 units in process at the...Problem 1P:
Geneva Products Co. produces a latex paint and uses the process cost system. Materials, labor, and...Problem 2P:
Dublin Brewing Co. uses the process cost system. The following data, taken from the organizations...Problem 3P:
Kokomo Kayak Inc. uses the process cost system. The following data, taken from the organizations...Problem 5P:
Sifting, the second department in a three-department production process for Finest Flour Inc.,...Problem 6P:
Forming, the second department in a three-department production process for Chula Vista Can Inc.,...Problem 7P:
Premier Products Inc. has three departments and uses the process cost system of accounting. A...Problem 8P:
Premier Products Inc. has three departments and uses the process cost system of accounting. A...Problem 9P:
Aero Aluminum Inc. uses a process cost system. The records for May show the following information:...Problem 10P:
Aero Aluminum Inc. uses a process cost system. The records for May show the following information:...Problem 12P:
Petrini Products Co. has two departments: Mixing and Cooking. At the beginning of the month, Cooking...Browse All Chapters of This Textbook
Chapter 1 - Introduction To Cost AccountingChapter 2 - Accounting For MaterialsChapter 3 - Accounting For LaborChapter 4 - Accounting For Factory OverheadChapter 5 - Process Cost Accounting—general ProceduresChapter 6 - Process Cost Accounting—additional Procedures; Accounting For Joint Products And By-productsChapter 7 - The Master Budget And Flexible BudgetingChapter 8 - Standard Cost Accounting—materials, Labor, And Factory OverheadChapter 9 - Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality CostsChapter 10 - Cost Analysis For Management Decision Making
Sample Solutions for this Textbook
We offer sample solutions for Principles of Cost Accounting homework problems. See examples below:
Chapter 1, Problem 1QChapter 1, Problem 12EChapter 1, Problem 6PChapter 1, Problem 7PChapter 1, Problem 9PChapter 1, Problem 10PChapter 1, Problem 13PChapter 2, Problem 1QJournal entry: Journal entry is a set of economic events which can be measured in monetary terms....
Chapter 2, Problem 17PChapter 3, Problem 1QChapter 3, Problem 7PChapter 3, Problem 9PJournal entry: Journal entry is a set of economic events which can be measured in monetary terms....Chapter 4, Problem 1QChapter 4, Problem 15PChapter 4, Problem 20PChapter 5, Problem 1QChapter 5, Problem 15EEquivalent units for production: The activity of a processing department in terms of fully completed...Chapter 5, Problem 2PPrepare a cost of production summary for the month March. G Inc.Cost of production summaryForming...Chapter 5, Problem 13PChapter 6, Problem 1QChapter 6, Problem 9EChapter 6, Problem 11EChapter 6, Problem 1PChapter 6, Problem 4PBudget: It is a planning device which is helpful for the company to set the goal and a gauge against...Chapter 7, Problem 2PPrepare the sales budget for the year ended December 31, 2016. SS IncorporationSales budgetFor the...Chapter 7, Problem 9PPrepare the factory overhead cost budget. Factory overhead cost budgetPercent of normal...Chapter 8, Problem 1QChapter 8, Problem 1EMaterials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hour @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Materials—2 lb @ $8$16Labor—1 hr @ $10$10Factory overhead ($4,000 ÷ 1,000 units)$4Standard unit...Prepare the journal entries to record the transactions. ParticularsDebit($)Credit($)Work in...Chapter 8, Problem 1MCChapter 9, Problem 1QBudgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Budgeted overhead allocation rate: The budgeted overhead allocation rate is the rate at which the...Chapter 10, Problem 1QAbsorption costing: It refers to the method of product costing in which the price of the product is...Absorption costing: It refers to the method of product costing in which the price of the product is...Chapter 10, Problem 9PCalculate the number of cans of each kind of nut sold as follows: Assume, x is cans of cashews sold,...Calculate the additional units that would have to be produced as follows: Additional units need to...
More Editions of This Book
Corresponding editions of this textbook are also available below:
PRIN. OF COST ACCT LL-W/CNOW >IP<
17th Edition
ISBN: 9781305770324
PRIN.OF COST ACCOUNTING-ACCESS
17th Edition
ISBN: 9781305254640
PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9781305280151
PRIN.OF COST ACCOUNTING-W/ACCESS
17th Edition
ISBN: 9781305620049
Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
EBK PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9780100544789
EBK PRINCIPLES OF COST ACCOUNTING
17th Edition
ISBN: 9781305480520
Principles of Cost Accounting
16th Edition
ISBN: 9781133187868
Principles Of Cost Accounting
16th Edition
ISBN: 9781133712701
Prct Principles of Cost Accounting
10th Edition
ISBN: 9780538850995
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