chap002(3)
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chap002(3)

Course: ACC 201, Spring 2009

School: NC Wesleyan

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Chapter 002, Systems Design: Job-Order Costing True / False Questions 1. Job-order costing is used in manufacturing companies and process costing is used in service companies. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 1 Level: Easy 2. A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized...

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002, Chapter Systems Design: Job-Order Costing True / False Questions 1. Job-order costing is used in manufacturing companies and process costing is used in service companies. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 1 Level: Easy 2. A flour manufacturer is more likely to use process costing than job-order costing whereas a manufacturer of customized leather jackets is more likely to use job-order costing than process costing. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 1 Level: Easy 3. Normally a job cost sheet is not prepared for a job until after the job has been completed. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Medium 4. Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred in completing a job. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Easy 2-1 Chapter 002, Systems Design: Job-Order Costing 5. Multiple departmental overhead rates generally provide more accurate product costs than a single plant-wide overhead rate. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy 6. If direct labor-hours is used as the allocation base in a job-order costing system, but overhead costs are not caused by direct-labor-hours, then jobs with high direct labor requirements will tend to be overcosted relative to jobs with low direct labor requirements. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy 7. The journal entry for cost of goods manufactured includes only the costs of units that are finished. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 2-2 Chapter 002, Systems Design: Job-Order Costing 8. The following entry would be used to record depreciation on manufacturing equipment: FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 9. Including manufacturing overhead costs in product costs ensures that each product will earn a profit. FALSE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Level: Medium 10. A debit balance in the Manufacturing Overhead account at year end means that overhead was underapplied. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Learning Objective: 8 Level: Medium 11. Nonmanufacturing costs are expensed as incurred, rather than going into the Work in Process account. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Easy 2-3 Chapter 002, Systems Design: Job-Order Costing 12. Indirect materials are not charged to a specific job but rather are included in manufacturing overhead. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Easy 13. Overhead is underapplied if actual overhead costs for a period are greater than the amount of overhead cost which has been charged to Work in Process. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Easy 14. Two of the reasons why overhead may be underapplied are: (1) the estimated overhead cost may be too low, and (2) the estimated base may be too high. TRUE AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Easy 2-4 Chapter 002, Systems Design: Job-Order Costing Multiple Choice Questions 15. Which of the following statements is correct concerning job-order costing? A. Job-order costing would be appropriate for a textbook publisher. b. All the costs appearing on a job cost sheet are actual costs. c. Indirect materials are charged to a specific job. d. Job-order costing is mainly used in firms with homogeneous products such as oil refineries. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 1 Learning Objective: 2 Level: Medium 16. Which of the following types of firms typically would use process costing rather than joborder costing? a. A small appliance repair shop. b. A manufacturer of commercial passenger aircraft. c. A specialty equipment manufacturer. D. A breakfast cereal manufacturer. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 1 Level: Easy 2-5 Chapter 002, Systems Design: Job-Order Costing 17. Which of the following would usually be found on a job cost sheet under a normal cost system? a. B. c. d. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Easy 18. In a job-order cost system, which of the following events would trigger recording data on a job cost sheet? a. the purchase of direct materials b. the payment of fire insurance on the factory building c. the payment for product advertising D. none of these AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Medium 19. The job cost sheet: A. summarizes all costs charged to a particular job. b. contains only direct costs such as direct materials and direct labor. c. is discarded after production is completed on a particular job. d. is useful only in process costing. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Medium 2-6 Chapter 002, Systems Design: Job-Order Costing 20. What source document is used to determine the actual amount of direct materials to record on a job cost sheet? a. bill of materials b. production order c. materials purchase order D. materials requisition form AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Level: Medium 21. In a predetermined overhead rate in a job-order costing system that is based on machinehours, which of the following would be used in the numerator and denominator? a. b. c. D. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy Source: CPA, adapted 2-7 Chapter 002, Systems Design: Job-Order Costing 22. Which of the terms below would make the following sentence correct? Multiple overhead rate costing systems are usually more ____________ than plantwide overhead rates. A. b. c. d. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Medium 23. In a job-order costing system, the application of manufacturing overhead would be recorded as a debit to: a. Manufacturing Overhead inventory. b. Finished Goods inventory. C. Work in Process inventory. d. Cost of Goods Sold. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Level: Medium 24. In a job-order costing system, the incurrence of indirect labor costs would usually be recorded as a debit to: A. Manufacturing Overhead. b. Finished Goods. c. Work in Process. d. Cost of Goods Sold. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 2-8 Chapter 002, Systems Design: Job-Order Costing 25. What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use instead of for use in a particular job? a. b. c. D. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 26. A good description of "cost of goods manufactured" is the recorded cost of the: A. units completed during the period. b. units started and completed during the period. c. work done on all units during the period. d. work done this period on units completed this period. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-9 Chapter 002, Systems Design: Job-Order Costing 27. In a job-order costing system, the cost of a completed but unsold job is: a. closed to Cost of Goods Sold. b. part of the Work in Process inventory balance. c. adjusted to exclude any applied overhead. D. part of the Finished Goods inventory balance. AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 28. If overhead is underapplied, then: a. actual overhead cost is less than estimated overhead cost. B. the amount of overhead cost applied to Work in Process is less than the actual overhead cost incurred. c. the predetermined overhead rate is too high. d. the Manufacturing Overhead account will have a credit balance at the end of the year. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Medium 29. Overapplied overhead would result if: a. the plant was operated at less than normal capacity. b. overhead costs incurred were less than estimated overhead costs. C. overhead costs incurred were less than overhead costs charged to production. d. overhead costs incurred were greater than overhead charged to production. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Medium 2-10 Chapter 002, Systems Design: Job-Order Costing 30. Elliott Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company manufactures tools to customer specifications. The following data pertain to Job 1501: What is the total manufacturing cost recorded on Job 1501? a. $8,800 B. $9,600 c. $10,300 d. $11,100 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 5 Level: Easy Source: CPA, adapted 2-11 Chapter 002, Systems Design: Job-Order Costing 31. Job 910 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $15 per machine-hour. The total cost that would be recorded on the job cost sheet for Job 910 would be: a. $3,220 b. $3,760 C. $5,935 d. $3,445 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 5 Level: Easy 2-12 Chapter 002, Systems Design: Job-Order Costing 32. The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $3,044. A total of 46 direct labor-hours and 104 machinehours were worked on the job. The direct labor wage rate is $15 per labor-hour. The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $13 per machine-hour. The total cost for the job on its job cost sheet would be: a. $4,332 b. $3,734 c. $3,072 D. $5,086 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 5 Level: Easy 2-13 Chapter 002, Systems Design: Job-Order Costing 33. Avery Co. uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. For the month of October, Avery's estimated manufacturing overhead cost was $300,000 based on an estimated activity level of 100,000 direct laborhours. Actual overhead amounted to $325,000 with actual direct labor-hours totaling 110,000 for the month. How much was the overapplied or underapplied overhead? a. $25,000 overapplied b. $25,000 underapplied C. $5,000 overapplied d. $5,000 underapplied Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium Source: CPA, adapted 2-14 Chapter 002, Systems Design: Job-Order Costing 34. Heller Cannery, Inc., uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company estimated that it would incur $510,000 in manufacturing overhead during the year and that it would work 100,000 machine-hours. The company actually worked 105,000 machine-hours and incurred $540,000 in manufacturing overhead costs. By how much was manufacturing overhead underapplied or overapplied for the year? a. $4,500 overapplied B. $4,500 underapplied c. $30,000 overapplied d. $30,000 underapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium Source: CPA, adapted 2-15 Chapter 002, Systems Design: Job-Order Costing 35. Woodman Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Estimated and actual data for direct labor and manufacturing overhead for last year are as follows: The manufacturing overhead for Woodman Company for last year was: a. overapplied by $20,000 b. overapplied by $40,000 C. underapplied by $20,000 d. underapplied by $40,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium Source: CMA, adapted 2-16 Chapter 002, Systems Design: Job-Order Costing 36. Darrow Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 10,000 direct labor-hours and incurred $80,000 of actual manufacturing overhead cost. If overhead was underapplied by $2,000, the predetermined overhead rate for the company for the year must have been: A. $7.80 b. $8.00 c. $8.20 d. $8.40 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Hard 2-17 Chapter 002, Systems Design: Job-Order Costing 37. Collins Company uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The following information applies to the company for the current year: The manufacturing overhead cost for the current year will be: a. $17,000 overapplied B. $17,000 underapplied c. $55,000 overapplied d. $55,000 underapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-18 Chapter 002, Systems Design: Job-Order Costing 38. Chipata Corporation applies manufacturing overhead to jobs on the basis of machinehours. Chipata estimated 25,000 machine-hours and $10,000 of manufacturing overhead cost for the year. During the year, Chipata incurred 26,200 machine-hours and $11,300 of manufacturing overhead. What was Chipata's underapplied or overapplied overhead for the year? a. $480 overapplied B. $820 underapplied c. $1,300 overapplied d. $1,300 underapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-19 Chapter 002, Systems Design: Job-Order Costing 39. Linh Corporation applies manufacturing overhead to jobs on the basis of pounds of direct material used. Linh estimated 160,000 pounds of material usage and $200,000 of manufacturing overhead cost for the year. During the year, Linh actually used 150,000 pounds of material and incurred $171,000 of manufacturing overhead cost. What was Linh's underapplied or overapplied overhead for the year? a. $12,500 underapplied B. $16,500 overapplied c. $17,600 underapplied d. $29,000 overapplied Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-20 Chapter 002, Systems Design: Job-Order Costing 40. Brusveen Corporation applies manufacturing overhead to jobs on the basis of direct laborhours. The following information relates to Brusveen for last year: What was Brusveen's underapplied or overapplied overhead for last year? a. $4,000 underapplied b. $8,880 underapplied C. $8,880 overapplied d. $9,000 underapplied Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-21 Chapter 002, Systems Design: Job-Order Costing 41. Forbes Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the period, the company estimated manufacturing overhead would be $18,000 and direct labor-hours would be 15,000. The actual figures were $19,500 for manufacturing overhead and 16,000 direct labor-hours. The cost records for the period will show: a. overapplied overhead of $300 b. overapplied overhead of $1,500 c. underapplied overhead of $1,500 D. underapplied overhead of $300 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-22 Chapter 002, Systems Design: Job-Order Costing 42. At the beginning of the year, manufacturing overhead for the year was estimated to be $250,860. At the end of the year, actual direct labor-hours for the year were 20,800 hours, the actual manufacturing overhead for the year was $245,860, and manufacturing overhead for the year was underapplied by $10,820. If the predetermined overhead rate is based on direct labor-hours, then the estimated direct labor-hours at the beginning of the year used in the predetermined overhead rate must have been: A. 22,200 direct labor-hours b. 20,800 direct labor-hours c. 21,758 direct labor-hours d. 22,715 direct labor-hours AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Hard 2-23 Chapter 002, Systems Design: Job-Order Costing 43. Brabec Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 19,700 hours. At the end of the year, actual direct labor-hours for the year were 17,700 hours, the actual manufacturing overhead for the year was $392,940, and manufacturing overhead for the year was underapplied by $35,400. The estimated manufacturing overhead at the beginning of the year used in the predetermined overhead rate must have been: a. $357,540 B. $397,940 c. $431,775 d. $387,940 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Hard 2-24 Chapter 002, Systems Design: Job-Order Costing 44. Crichman Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct labor-hours were 14,900 hours and the total estimated manufacturing overhead was $362,070. At the end of the year, actual direct laborhours for the year were 16,000 hours and the actual manufacturing overhead for the year was $357,070. Overhead at the end of the year was: A. $31,730 overapplied b. $26,730 overapplied c. $31,730 underapplied d. $26,730 underapplied Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-25 Chapter 002, Systems Design: Job-Order Costing 45. Daffe Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated manufacturing overhead was $165,600. At the end of the year, actual direct labor-hours for the year were 11,900 hours, manufacturing overhead for the year was overapplied by $10,760, and the actual manufacturing overhead was $160,600. The predetermined overhead rate for the year must have been closest to: A. $14.40 b. $13.92 c. $13.50 d. $14.90 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Hard 2-26 Chapter 002, Systems Design: Job-Order Costing 46. Washtenaw Corporation uses a job-order costing system. The following data are for last year: Washtenaw applies overhead using a predetermined rate based on direct labor-hours. What amount of overhead was applied to work in process last year? a. $39,050 b. $42,600 C. $35,750 d. $36,960 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Medium 2-27 Chapter 002, Systems Design: Job-Order Costing 47. The Silver Company uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Dept. A and on machinehours in Dept. B. At the beginning of the year, the company made the following estimates: What predetermined overhead rates would be used in Dept. A and Dept. B, respectively? a. 67% and $3.00 b. 150% and $5.00 C. 150% and $3.00 d. 67% and $5.00 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy 2-28 Chapter 002, Systems Design: Job-Order Costing 48. Reamer Company uses a predetermined overhead rate based on machine-hours to apply manufacturing overhead to jobs. The company has provided the following estimated costs for next year: Reamer estimates that 500 direct labor-hours and 1,000 machine-hours will be worked during the year. The predetermined overhead rate per hour will be: a. $6.80 b. $6.00 c. $3.00 D. $3.40 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Medium 2-29 Chapter 002, Systems Design: Job-Order Costing 49. At the beginning of June, Varetoni Manufacturing Company had a $320 balance in its Work in Process inventory account. At the end of June, Varetoni's Work in Process inventory account had a balance of $970. During June, Varetoni made the following journal entries: Based on the information above, what is Varetoni's cost of goods manufactured for June? a. $5,180 b. $5,510 C. $6,160 d. $6,480 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 6 Level: Medium 50. Niebla Corporation has provided data concerning the company's Manufacturing Overhead account for the month of July. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $72,000 and the total of the credits to the account was $77,000. Which of the following statements is true? a. Manufacturing overhead applied to Work in Process for the month was $72,000. B. Actual manufacturing overhead for the month was $72,000. c. Manufacturing overhead for the month was underapplied by $5,000. d. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $77,000. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 8 Level: Medium 2-30 Chapter 002, Systems Design: Job-Order Costing 51. Matthias Corporation has provided data concerning the company's Manufacturing Overhead account for the month of May. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $53,000 and the total of the credits to the account was $69,000. Which of the following statements is true? A. Manufacturing overhead applied to Work in Process for the month was $69,000. b. Manufacturing overhead for the month was underapplied by $16,000. c. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $53,000. d. Actual manufacturing overhead incurred during the month was $69,000. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 8 Level: Medium 52. Sagon Corporation has provided data concerning the company's Manufacturing Overhead account for the month of September. Prior to the closing of the overapplied or underapplied balance to Cost of Goods Sold, the total of the debits to the Manufacturing Overhead account was $76,000 and the total of the credits to the account was $66,000. Which of the following statements is true? a. Manufacturing overhead transferred from Finished Goods to Cost of Goods Sold during the month was $76,000. b. Actual manufacturing overhead incurred during the month was $66,000. c. Manufacturing overhead applied to Work in Process for the month was $76,000. D. Manufacturing overhead for the month was underapplied by $10,000. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 8 Level: Medium 2-31 Chapter 002, Systems Design: Job-Order Costing 53. On December 1, Mogro Corporation had $26,000 of raw materials on hand. During the month, the company purchased an additional $60,000 of raw materials. During December, $62,000 of raw materials were requisitioned from the storeroom for use in production. The debits to the Raw Materials account for the month of December total: a. $26,000 b. $86,000 C. $60,000 d. $62,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 54. At the beginning of December, Altro Corporation had $26,000 of raw materials on hand. During the month, the company purchased an additional $76,000 of raw materials. During December, $72,000 of raw materials were requisitioned from the storeroom for use in production. The credits to the Raw Materials account for the month of December total: a. $26,000 b. $102,000 c. $76,000 D. $72,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-32 Chapter 002, Systems Design: Job-Order Costing 55. Gallon Corporation had $24,000 of raw materials on hand on April 1. During the month, the company purchased an additional $52,000 of raw materials. During April, $62,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $2,000. The debits to the Work in Process account as a consequence of the raw materials transactions in April total: A. $60,000 b. $62,000 c. $0 d. $52,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 56. During September at Renfro Corporation, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: a. $65,000 B. $4,000 c. $0 d. $61,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-33 Chapter 002, Systems Design: Job-Order Costing 57. Gullett Corporation had $26,000 of raw materials on hand on November 1. During the month, the company purchased an additional $75,000 of raw materials. The journal entry to record the purchase of raw materials would include a: a. debit to Raw Materials of $101,000 b. credit to Raw Materials of $75,000 C. debit to Raw Materials of $75,000 d. credit to Raw Materials of $101,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 58. During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record the requisition from the storeroom would include a: A. debit to Work in Process of $79,000 b. debit to Work in Process of $83,000 c. credit to Manufacturing Overhead of $4,000 d. debit to Raw Materials of $83,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-34 Chapter 002, Systems Design: Job-Order Costing 59. In October, Raddatz Inc. incurred $73,000 of direct labor costs and $6,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: A. debit to Manufacturing Overhead of $6,000 b. debit to Work in Process of $79,000 c. credit to Manufacturing Overhead of $6,000 d. credit to Work in Process of $79,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 60. Epolito Corporation incurred $87,000 of actual Manufacturing Overhead costs during September. During the same period, the Manufacturing Overhead applied to Work in Process was $89,000. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: a. debit to Work in Process of $89,000 b. credit to Manufacturing Overhead of $87,000 C. debit to Manufacturing Overhead of $87,000 d. credit to Work in Process of $89,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-35 Chapter 002, Systems Design: Job-Order Costing 61. Piekos Corporation incurred $90,000 of actual Manufacturing Overhead costs during June. During the same period, the Manufacturing Overhead applied to Work in Process was $92,000. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: a. debit to Manufacturing Overhead of $92,000 b. debit to Work in Process of $90,000 C. credit to Manufacturing Overhead of $92,000 d. credit to Work in Process of $90,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 62. During March, Zea Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000. The journal entries to record these transactions would include a: a. credit to Cost of Goods Sold of $56,000 b. debit to Finished Goods of $56,000 C. credit to Work in Process of $50,000 d. credit to Finished Goods of $50,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-36 Chapter 002, Systems Design: Job-Order Costing 63. During June, Buttrey Corporation incurred $67,000 of direct labor costs and $7,000 of indirect labor costs. The journal entry to record the accrual of these wages would include a: A. debit to Work in Process of $67,000 b. credit to Work in Process of $74,000 c. debit to Work in Process of $74,000 d. credit to Work in Process of $67,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-37 Chapter 002, Systems Design: Job-Order Costing 64. Wayne Company's beginning and ending inventories for the month of June were as follows: Production data for the month follow: Wayne applies manufacturing overhead cost to jobs based on direct labor-hours, and the predetermined rate is $5.75 per direct labor-hour. The company does not close underapplied or overapplied manufacturing overhead to Cost of Goods Sold until the end of the year. What is the amount of cost of goods manufactured? a. $508,750 b. $502,000 c. $585,000 D. $487,750 2-38 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 5 Learning Objective: 6 Level: Medium 2-39 Chapter 002, Systems Design: Job-Order Costing 65. Serritella Manufacturing Corporation uses a job-order costing system. At the beginning of the year, Serritella had $38,000 in its Work in Process inventory account. The following information relates to Serritella's operations for the year: What is the balance in Serritella's Work in Process inventory account at the end of the year? (Assume that the Manufacturing Overhead account has not yet been closed out.) A. $13,000 b. $24,000 c. $35,000 d. $60,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 7 Level: Hard 2-40 Chapter 002, Systems Design: Job-Order Costing 66. Marc Corp. has a job-order costing system. The following debits (credits) appeared in the Work in Process account for the month of May: Marc applies overhead to jobs at a predetermined rate of 80% of direct labor cost. Job No. 23, the only job still in process at the end of May has been charged with direct labor of $5,000. The amount of direct materials charged to Job No. 23 was: a. $6,250 b. $7,500 C. $13,000 d. $17,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 7 Level: Hard Source: CPA, adapted 2-41 Chapter 002, Systems Design: Job-Order Costing 67. Kirk Manufacturing Company uses a job-order costing system. At the beginning of April, Kirk only had one job in process, Job #898. This job was finished during April by incurring additional direct costs of $350 for materials and $700 for labor. Also during April, Job #899 was started and finished. The direct costs assigned to this job were $1,200 for materials and $950 for labor. Job #900 was started during April but was not finished by the end of the month. The direct costs assigned to this job were $820 for materials and $540 for labor. Kirk applies manufacturing overhead to its products at a rate of 300% of direct labor cost. Kirk's cost of goods manufactured for April was $14,570. What was Kirk's work in process inventory balance at the beginning of April? a. $3,440 B. $6,420 c. $6,590 d. $9,570 To make the T-account have an ending balance of $2,980, the beginning balance would need to be $6,420. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 7 Level: Hard 2-42 Chapter 002, Systems Design: Job-Order Costing 68. The following information relates to Zamudio Manufacturing Company: How much manufacturing overhead cost did Zamudio actually incur? a. $103,500 b. $119,600 C. $120,400 d. $129,600 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Hard 2-43 Chapter 002, Systems Design: Job-Order Costing 69. The following information relates to Araceli Manufacturing Company: What was Araceli's underapplied or overapplied overhead for last year? a. $35,400 overapplied B. $35,400 underapplied c. $15,000 underapplied d. $21,000 overapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Medium 2-44 Chapter 002, Systems Design: Job-Order Costing 70. Mackinaw Manufacturing Company uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the company worked 17,000 actual direct labor-hours and incurred $145,000 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 16,000 direct labor-hours would be worked and $144,000 of manufacturing overhead costs incurred. The company had calculated a predetermined overhead rate of $9 per direct labor-hour. The company's manufacturing overhead for the year was: A. overapplied by $8,000 b. underapplied by $8,000 c. overapplied by $1,000 d. underapplied by $1,000 Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Medium 2-45 Chapter 002, Systems Design: Job-Order Costing 71. Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabrication department, Huang uses a predetermined overhead rate of $30 per machine-hour. In the Assembly department, Huang uses a predetermined overhead rate of $12 per direct labor-hour. During the current year, Job #X2984 incurred the following number of hours in each department: What is the total amount of manufacturing overhead that Huang should have applied to Job #X2984 during the current year? a. $1,200 B. $1,500 c. $1,560 d. $1,734 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Level: Medium 2-46 Chapter 002, Systems Design: Job-Order Costing 72. Worley Company has underapplied overhead of $45,000 for the year ended December 31. Before disposition of the underapplied overhead, selected December 31 data from Worley's accounting records are as follows: Under Worley's cost accounting system, over- or underapplied overhead is allocated to ending inventories and cost of goods sold based on the amount of overhead applied during the year in the ending balance of each account. In its income statement, Worley should report cost of goods sold of: a. $682,500 b. $684,000 c. $756,000 D. $757,500 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Learning Objective: 8 Level: Hard Source: CPA, adapted 2-47 Chapter 002, Systems Design: Job-Order Costing 73. Able Company uses a job-order costing system. In reviewing its records at the end of the year, the company has discovered that $2,000 of raw materials has been drawn from the storeroom and used in the production of Job 110, but that no entry has been made in the accounting records for the use of these materials. Job 110 has been completed but it is unsold at year end. This error will cause: a. Work in Process to be understated by $2,000 at year end. b. Cost of Goods Manufactured to be overstated by $2,000 for the year. C. Finished Goods to be understated by $2,000 at the end of the year. d. Cost of Goods Sold to be overstated by $2,000 for the year. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 74. Bottum Corporation, a manufacturing company, has provided data concerning its operations for May. The beginning balance in the raw materials account was $20,000 and the ending balance was $36,000. Raw materials purchases during the month totaled $63,000. Manufacturing overhead cost incurred during the month was $111,000, of which $2,000 consisted of raw materials classified as indirect materials. The direct materials cost for May was: a. $63,000 b. $47,000 c. $79,000 D. $45,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-48 Chapter 002, Systems Design: Job-Order Costing 75. Rediger Inc., a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to Work in Process was $51,000. The cost of goods manufactured for June was: a. $141,000 B. $139,000 c. $134,000 d. $136,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-49 Chapter 002, Systems Design: Job-Order Costing 76. Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at the beginning of the month was $52,000 and at the end of the month was $30,000. The cost of goods manufactured for the month was $212,000. The actual manufacturing overhead cost incurred was $55,000 and the manufacturing overhead cost applied to Work in Process was $58,000. The adjusted cost of goods sold that would appear on the income statement for November is: A. $231,000 b. $190,000 c. $234,000 d. $212,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-50 Chapter 002, Systems Design: Job-Order Costing 77. The following accounts are from last year's books of Sharp Manufacturing: Sharp uses job-order costing and applies manufacturing overhead to jobs based on direct labor costs. What is the amount of direct materials used for the year? a. $82,000 b. $77,000 C. $66,000 d. $84,000 2-51 Chapter 002, Systems Design: Job-Order Costing The debit of $ 66,000 represents the amount of direct materials used for the year. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 78. The actual manufacturing overhead incurred at Gutekunst Corporation during March was $53,000, while the manufacturing overhead applied to Work in Process was $73,000. The company's Cost of Goods Sold was $451,000 prior to closing out its Manufacturing Overhead account. The company closes out its Manufacturing Overhead account to Cost of Goods Sold. Which of the following statements is true? a. Manufacturing overhead was overapplied by $20,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $471,000 b. Manufacturing overhead was underapplied by $20,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $431,000 C. Manufacturing overhead was overapplied by $20,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $431,000 d. Manufacturing overhead was underapplied by $20,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $471,000 Since applied manufacturing overhead exceeds actual manufacturing overhead, manufacturing overhead is overapplied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Medium 2-52 Chapter 002, Systems Design: Job-Order Costing 79. Faughn Corporation has provided the following data concerning manufacturing overhead for July: The company's Cost of Goods Sold was $243,000 prior to closing out its Manufacturing Overhead account. The company closes out its Manufacturing Overhead account to Cost of Goods Sold. Which of the following statements is true? a. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $233,000 B. Manufacturing overhead was overapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $233,000 c. Manufacturing overhead was overapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000 d. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000 The applied manufacturing overhead exceeds the actual manufacturing overhead by $10,000 ($79,000 - $69,000), so $10,000 would be overapplied and this amount would be deducted from cost of goods sold to arrive at the adjusted cost of goods sold of $233,000 ($243,000 $10,000). AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 8 Level: Medium 2-53 Chapter 002, Systems Design: Job-Order Costing Parker Company has a job-order costing system and uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. At the beginning of the year, manufacturing overhead and direct labor-hours for the year were estimated at $50,000 and 20,000 hours, respectively. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs. 80. If Job #461 contained 100 units, the unit cost on the completed job cost sheet would be: a. $61.75 B. $62.50 c. $63.10 d. $55.00 *$1,500 total labor cost $5 per hour = 300 DLHs AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Medium 2-54 Chapter 002, Systems Design: Job-Order Costing 81. The manufacturing overhead for the year was: A. $6,000 overapplied b. $10,000 overapplied c. $10,000 underapplied d. $4,000 underapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-55 Chapter 002, Systems Design: Job-Order Costing Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its most recent year of operations. The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. 82. The predetermined overhead rate is closest to: a. $34.06 B. $34.90 c. $34.67 d. $35.52 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy 2-56 Chapter 002, Systems Design: Job-Order Costing 83. The applied manufacturing overhead for the year is closest to: a. $162,682 b. $155,995 c. $158,789 D. $159,842 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Easy 2-57 Chapter 002, Systems Design: Job-Order Costing 84. The overhead for the year was: a. $2,792 underapplied B. $3,842 overapplied c. $2,792 overapplied d. $3,842 underapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Easy 2-58 Chapter 002, Systems Design: Job-Order Costing Baka Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $239,700 and 4,700 estimated direct labor-hours. Actual manufacturing overhead for the year amounted to $242,000 and actual direct labor-hours were 4,600. 85. The predetermined overhead rate for the year was closest to: a. $52.61 b. $49.91 C. $51.00 d. $51.49 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Easy 2-59 Chapter 002, Systems Design: Job-Order Costing 86. The applied manufacturing overhead for the year was closest to: a. $229,586 B. $234,600 c. $242,006 d. $236,854 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Easy 2-60 Chapter 002, Systems Design: Job-Order Costing 87. The overhead for the year was: a. $5,100 underapplied B. $7,400 underapplied c. $5,100 overapplied d. $7,400 overapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Easy 2-61 Chapter 002, Systems Design: Job-Order Costing Caple Corporation applies manufacturing overhead on the basis of machine-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $16,660. Actual manufacturing overhead for the year amounted to $25,000 and actual machine-hours were 1,460. The company's predetermined overhead rate for the year was $11.90 per machine-hour. 88. The predetermined overhead rate was based on how many estimated machine-hours? A. 1,400 b. 2,101 c. 2,742 d. 1,460 AACSB: Analytic BB: AICPA Critical Thinking AICPA FN: Reporting Learning Objective: 3 Level: Medium 89. The applied manufacturing overhead for the year was closest to: a. $26,071 b. $18,119 C. $17,374 d. $16,660 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Easy 2-62 Chapter 002, Systems Design: Job-Order Costing 90. The overhead for the year was: a. $714 overapplied B. $7,626 underapplied c. $714 underapplied d. $7,626 overapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Easy 2-63 Chapter 002, Systems Design: Job-Order Costing Mallet Company has only Job 844 in process on March 1 of the current year. The job has been charged with $2,000 of direct material cost, $2,500 of direct labor cost, and $1,750 of manufacturing overhead cost. The company assigns overhead cost to jobs at a predetermined rate of 70% of direct labor cost. Any underapplied or overapplied overhead cost is closed to Cost of Goods Sold at the end of the month. During March, the following activity and amounts were recorded by the company: Work in process inventory contains $5,500 of direct labor cost. 2-64 Chapter 002, Systems Design: Job-Order Costing 91. The amount of direct materials cost in the March 31 work in process inventory account was: A. $5,150 b. $9,350 c. $9,000 d. $3,850 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 92. The cost of goods manufactured for March was: A. $67,300 b. $67,250 c. $81,800 d. $75,550 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Learning Objective: 6 Level: Hard 2-65 Chapter 002, Systems Design: Job-Order Costing 93. The entry to dispose of the underapplied or overapplied overhead cost for the month would include: a. a debit of $50 to Cost of Goods Sold B. a debit of $50 to Manufacturing Overhead c. a debit of $5,500 to Manufacturing Overhead d. a credit of $5,500 to Cost of Goods Sold AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Learning Objective: 8 Level: Hard 94. The balance in the March 1 Raw Materials inventory was: a. $10,500 b. $9,500 c. $6,500 D. $8,500 Beginning Balance + Purchased Used = Ending Balance Beginning Balance + $29,500 - $30,500 = $7,500 Beginning Balance = $8,500 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Hard 2-66 Chapter 002, Systems Design: Job-Order Costing The following journal entries without dollar data were taken from the accounting records of a company that has a job-order costing system in which overhead is applied to jobs using a predetermined overhead rate. 95. The entry to record the purchase of raw materials is: A. 8 b. 4 c. 6 d. 1 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-67 Chapter 002, Systems Design: Job-Order Costing 96. The entry to transfer the cost of goods manufactured for the period is: a. 1 b. 4 C. 7 d. 5 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 97. The entry to record the application of overhead is: a. 1 B. 5 c. 6 d. 3 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 98. The entry to record depreciation on manufacturing equipment is: a. 1 B. 3 c. 4 d. 5 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-68 Chapter 002, Systems Design: Job-Order Costing On November 1, Arvelo Corporation had $32,000 of raw materials on hand. During the month, the company purchased an additional $78,000 of raw materials. During November, $95,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $3,000. Prepare journal entries to record these events. Use those journal entries to answer the following questions: 99. The debits to the Raw Materials account for the month of November total: a. $95,000 B. $78,000 c. $32,000 d. $110,000 Purchases ($78,000) are debited to the Raw Materials account. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 100. The credits to the Raw Materials account for the month of November total: A. $95,000 b. $78,000 c. $32,000 d. $110,000 The $95,000 of raw materials requisitioned is credited to the Raw Materials account. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-69 Chapter 002, Systems Design: Job-Order Costing 101. The debits to the Work in Process account as a consequence of the raw materials transactions in November total: a. $78,000 b. $95,000 C. $92,000 d. $0 The amount of the debit entry to Work in Process is $92,000 as a result of the raw materials transactions (total requisition $95,000 less the portion that was indirect materials $3,000, leaving $92,000 to be debited). AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 102. The credits to the Work in Process account as a consequence of the raw materials transactions in November total: a. $78,000 b. $92,000 C. $0 d. $95,000 There are no credits to Work in Process as a result of the raw materials transactions. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-70 Chapter 002, Systems Design: Job-Order Costing 103. The debits to the Manufacturing Overhead account as a consequence of the raw materials transactions in November total: a. $95,000 B. $3,000 c. $0 d. $92,000 The indirect materials of $3,000 is the amount of the debit to the Manufacturing Overhead account. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 104. The credits to the Manufacturing Overhead account as a consequence of the raw materials transactions in November total: A. $0 b. $3,000 c. $92,000 d. $95,000 There were no credits to the Manufacturing Overhead account as a result of the raw materials transactions. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-71 Chapter 002, Systems Design: Job-Order Costing On January 1, Schaf Corporation had $23,000 of raw materials on hand. During the month, the company purchased an additional $50,000 of raw materials. During January, $50,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $6,000. 105. The journal entry to record the purchase of raw materials would include a: a. debit to Raw Materials of $73,000 b. credit to Raw Materials of $50,000 c. credit to Raw Materials of $73,000 D. debit to Raw Materials of $50,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 106. The journal entry to record the requisition from the storeroom would include a: a. debit to Work in Process of $50,000 b. debit to Raw Materials of $50,000 c. credit to Manufacturing Overhead of $6,000 D. debit to Work in Process of $44,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-72 Chapter 002, Systems Design: Job-Order Costing During March, Pendergraph Corporation incurred $60,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $62,000. 107. The journal entry to record the incurrence of the actual Manufacturing Overhead costs would include a: a. credit to Manufacturing Overhead of $60,000 b. credit to Work in Process of $62,000 c. debit to Work in Process of $62,000 D. debit to Manufacturing Overhead of $60,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 108. The journal entry to record the application of Manufacturing Overhead to Work in Process would include a: A. credit to Manufacturing Overhead of $62,000 b. debit to Work in Process of $60,000 c. credit to Work in Process of $60,000 d. debit to Manufacturing Overhead of $62,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-73 Chapter 002, Systems Design: Job-Order Costing The following T accounts are for Stanford Company: 2-74 Chapter 002, Systems Design: Job-Order Costing 109. The indirect labor cost is: A. $8,000 b. $15,000 c. $18,000 d. $37,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-75 Chapter 002, Systems Design: Job-Order Costing 110. The cost of goods manufactured is: a. $82,000 b. $64,000 c. $71,000 D. $62,000 *To balance Finished Goods debit of $62,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-76 Chapter 002, Systems Design: Job-Order Costing 111. The cost of goods sold (after adjustment for underapplied or overapplied overhead) is: a. $58,000 b. $69,000 C. $72,000 d. $65,000 The $7,000 debit balance represents underapplied overhead; the $7,000 will be added to the original $65,000 Cost of Goods Sold to arrive at an adjusted Cost of Goods Sold of $72,000. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 6 Learning Objective: 7 Learning Objective: 8 Level: Hard 2-77 Chapter 002, Systems Design: Job-Order Costing 112. The manufacturing overhead applied is: a. $24,000 B. $31,000 c. $38,000 d. $42,000 Journal entry (6): AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 6 Learning Objective: 7 Level: Medium 113. The cost of direct materials used is: a. $14,000 B. $15,000 c. $18,000 d. $24,000 The debit to Work in Process ($15,000) represents the direct materials used. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-78 Chapter 002, Systems Design: Job-Order Costing 114. The ending Work in Process account balance would be: A. $13,000 b. $75,000 c. $20,000 d. $64,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-79 Chapter 002, Systems Design: Job-Order Costing Dacosta Company had only one job in process on May 1. The job had been charged with $1,800 of direct materials, $6,966 of direct labor, and $9,936 of manufacturing overhead cost. The company assigns overhead cost to jobs using the predetermined overhead rate of $18.40 per direct labor-hour. During May, the activity was recorded: Work in process inventory on May 30 contains $3,741 of direct labor cost. Raw materials consist solely of items that are classified as direct materials. 115. The balance in the raw materials inventory account on May 30 was: A. $7,200 b. $1,300 c. $29,500 d. $30,800 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-80 Chapter 002, Systems Design: Job-Order Costing 116. The cost of goods manufactured for May was: a. $97,110 b. $110,600 c. $98,770 D. $100,535 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Hard 2-81 Chapter 002, Systems Design: Job-Order Costing 117. The entry to dispose of the underapplied or overapplied overhead cost for the month would include a: a. credit of $5,336 to Manufacturing Overhead. b. credit of $1,660 to Manufacturing Overhead. c. debit of $5,336 to Manufacturing Overhead. D. debit of $1,660 to Manufacturing Overhead. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Hard 2-82 Chapter 002, Systems Design: Job-Order Costing Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any over- or underapplied manufacturing overhead is closed to the Cost of Goods Sold account at the end of each month. Additional information is available as follows: Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month: Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February totaled $26,000. Direct labor cost of $20,000 was incurred for February. Actual manufacturing overhead was $32,000 for February. The only job still in process at February 28 was Job 104, with costs of $2,800 for direct materials and $1,800 for direct labor. 2-83 Chapter 002, Systems Design: Job-Order Costing 118. The cost of goods manufactured for February was: A. $77,700 b. $78,000 c. $79,700 d. $85,000 *Beginning Work in Process (Job 101): AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 5 Learning Objective: 6 Level: Medium Source: CPA, adapted 2-84 Chapter 002, Systems Design: Job-Order Costing 119. For the month of February, the manufacturing overhead was: a. $700 overapplied b. $1,000 overapplied c. $2,000 overapplied D. $2,000 underapplied AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Medium Source: CPA, adapted 2-85 Chapter 002, Systems Design: Job-Order Costing Wayne Company uses a job costing system and applies overhead to jobs using a predetermined overhead rate based on direct labor-hours. The company had the following inventories at the beginning and end of March: The following additional data pertain to operations during March: 2-86 Chapter 002, Systems Design: Job-Order Costing 120. During March total debits to Work in Process were: a. $84,000 b. $220,000 c. $144,000 D. $230,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Level: Medium Source: CPA, adapted 2-87 Chapter 002, Systems Design: Job-Order Costing 121. The Cost of Goods Manufactured for March was: a. $212,000 b. $218,000 c. $230,000 D. $236,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement Learning Objective: 6 Level: Medium Source: CPA, adapted 2-88 Chapter 002, Systems Design: Job-Order Costing The Milo Company's records for May contained the following information: The company uses a predetermined overhead rate of $5.00 per direct labor-hour to apply manufacturing overhead to jobs. 122. The actual overhead cost incurred during the month was: a. $50,000 b. $55,000 C. $40,000 d. $45,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Medium 2-89 Chapter 002, Systems Design: Job-Order Costing 123. The total cost added to Work in Process during May was: a. $101,000 B. $106,000 c. $61,000 d. $111,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 5 Learning Objective: 8 Level: Medium 2-90 Chapter 002, Systems Design: Job-Order Costing Meyers Company had the following inventory balances at the beginning and end of November: During November, $39,000 in raw materials (all direct materials) were drawn from inventory and used in production. The company's predetermined overhead rate was $8 per direct laborhour, and it paid its direct labor workers $10 per hour. A total of 300 hours of direct labor time had been expended on the jobs in the beginning Work in Process inventory account. The ending Work in Process inventory account contained $4,700 of direct materials cost. The Company incurred $28,000 of actual manufacturing overhead cost during the month and applied $26,400 in manufacturing overhead cost. 124. The raw materials purchased during November totaled: A. $42,000 b. $45,000 c. $36,000 d. $39,000 Beginning Balance + Purchased Used = End Balance of Raw Materials Purchased = End Balance = Beginning Balance Used Purchased = $20,000 $17,000 + $39,000 = $42,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 2-91 Chapter 002, Systems Design: Job-Order Costing 125. The direct materials cost in the November 1 Work in Process inventory account totaled: a. $6,600 b. $6,000 C. $3,600 d. $3,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Medium 126. The actual direct labor-hours worked during November totaled: a. 2,800 hours B. 3,300 hours c. 3,500 hours d. 3,600 hours AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Level: Hard 2-92 Chapter 002, Systems Design: Job-Order Costing 127. The amount of direct labor cost in the November 30 Work in Process inventory was: a. $2,800 b. $3,300 C. $3,500 d. $6,300 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Level: Hard 2-93 Chapter 002, Systems Design: Job-Order Costing The information below has been taken from the cost records of Tercel Company for the past year: 128. The cost of raw materials purchased during the year amounted to: a. $411,000 b. $360,000 c. $316,000 D. $336,000 * This item must be found by working backwards up through the statements. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Medium Source: CMA, adapted 2-94 Chapter 002, Systems Design: Job-Order Costing 129. Direct labor costs charged to production during the year amounted to: a. $135,000 B. $225,000 c. $360,000 d. $216,000 Since the manufacturing overhead is applied at the rate of 60% of the direct labor cost, the direct labor cost charged to production is $225,000 (direct labor cost = $360,000 160%). AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 6 Level: Hard Source: CMA, adapted 130. The Cost of Goods Manufactured during the year was: a. $636,000 b. $766,000 C. $736,000 d. $716,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium Source: CMA, adapted 2-95 Chapter 002, Systems Design: Job-Order Costing 131. The Cost of Goods Sold for the year (before disposition of any overhead underapplied or overapplied) was: a. $736,000 B. $716,000 c. $691,000 d. $801,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium Source: CMA, adapted 2-96 Chapter 002, Systems Design: Job-Order Costing The following data are for Potras Company: 132. The cost of raw materials used in production was: a. $26,000 b. $71,000 c. $76,000 D. $66,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-97 Chapter 002, Systems Design: Job-Order Costing 133. The cost of goods manufactured was: a. $114,000 b. $133,000 C. $121,000 d. $138,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-98 Chapter 002, Systems Design: Job-Order Costing 134. The cost of goods sold was: a. $131,000 b. $91,000 c. $81,000 D. $111,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-99 Chapter 002, Systems Design: Job-Order Costing The Bus Company uses a job-order costing system. The following information was recorded for September: The direct labor wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labor-hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer. 2-100 Chapter 002, Systems Design: Job-Order Costing 135. The ending Work in Process inventory is: a. $7,575 B. $5,350 c. $4,325 d. $5,150 The only job remaining in work in process in Job 4, which has a total cost of $5,350. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-101 Chapter 002, Systems Design: Job-Order Costing 136. The Cost of Goods Manufactured for September is: a. $10,750 b. $11,275 C. $5,925 d. $7,625 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-102 Chapter 002, Systems Design: Job-Order Costing 137. The Cost of Goods Sold for September (before disposition of any underapplied or overapplied overhead) is: A. $2,100 b. $5,925 c. $3,700 d. $1,950 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-103 Chapter 002, Systems Design: Job-Order Costing Chavez Corporation reported the following data for the month of July: 138. The direct materials cost for July is: A. $55,000 b. $69,000 c. $63,000 d. $66,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Hard 2-104 Chapter 002, Systems Design: Job-Order Costing 139. The cost of goods manufactured for July is: A. $203,000 b. $215,000 c. $204,000 d. $216,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Hard 2-105 Chapter 002, Systems Design: Job-Order Costing 140. The adjusted cost of goods sold that appears on the income statement for July is: a. $218,000 b. $188,000 c. $203,000 D. $189,000 2-106 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Learning Objective: 8 Level: Hard 2-107 Chapter 002, Systems Design: Job-Order Costing Koczela Inc. has provided the following data for the month of May: 141. The cost of goods manufactured for May is: a. $205,000 B. $210,000 c. $207,000 d. $212,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-108 Chapter 002, Systems Design: Job-Order Costing 142. The adjusted cost of goods sold that appears on the income statement for May is: a. $206,000 b. $214,000 C. $208,000 d. $210,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Learning Objective: 8 Level: Medium 2-109 Chapter 002, Systems Design: Job-Order Costing The Tse Manufacturing Company uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. The company closes any balance in the Manufacturing Overhead account to Cost of Goods Sold. During the year the company's Finished Goods inventory account was debited for $125,000 and credited for $110,000. The ending balance in the Finished Goods inventory account was $28,000. At the end of the year, manufacturing overhead was overapplied by $4,500. 143. The balance in the Finished Goods inventory account at the beginning of the year was: a. $28,000 B. $13,000 c. $17,500 d. $8,500 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-110 Chapter 002, Systems Design: Job-Order Costing 144. If the estimated manufacturing overhead for the year was $24,000, and the applied overhead was $26,500, the actual manufacturing overhead cost for the year was: a. $19,500 B. $22,000 c. $28,500 d. $31,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Learning Objective: 8 Level: Hard 2-111 Chapter 002, Systems Design: Job-Order Costing Summit Company has provided the following inventory balances and manufacturing cost data for the month of January: Under Summit's job-order costing system, any over or underapplied overhead is closed to the Cost of Goods Sold account at the end of the calendar year (i.e., December 31). 145. What was the total amount of direct material purchases during January? a. $180,000 b. $190,000 c. $195,000 D. $200,000 * This item must be found by working backwards up through the statement. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium Source: CPA, adapted 2-112 Chapter 002, Systems Design: Job-Order Costing 146. How much direct labor cost was incurred during January? a. $170,000 b. $175,000 C. $180,000 d. $186,000 *Solve backwards ($520,000 190,000 150,000 = 180,000) AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Learning Objective: 8 Level: Hard Source: CPA, adapted 2-113 Chapter 002, Systems Design: Job-Order Costing Echher Corporation uses a job-order costing system and applies overhead to jobs using a predetermined overhead rate. During the year the company's Finished Goods inventory account was debited for $218,000 and credited for $218,500. The ending balance in the Finished Goods inventory account was $13,000. At the end of the year, manufacturing overhead was overapplied by $36,700. 147. The balance in the Finished Goods inventory account at the beginning of the year was: A. $13,500 b. $36,700 c. $500 d. $13,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-114 Chapter 002, Systems Design: Job-Order Costing 148. If the applied manufacturing overhead was $223,900, the actual manufacturing overhead cost for the year was: a. $200,700 b. $260,600 c. $200,200 D. $187,200 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-115 Chapter 002, Systems Design: Job-Order Costing The following partially completed T-accounts summarize transactions for Faaberg Company during the year: 2-116 Chapter 002, Systems Design: Job-Order Costing 149. The Cost of Goods Manufactured was: a. $19,900 B. $21,700 c. $41,600 d. $7,700 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 150. The direct labor cost was: a. $11,600 b. $19,900 C. $8,000 d. $11,000 The direct labor cost is the debit to Work in Process in this journal entry. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 2-117 Chapter 002, Systems Design: Job-Order Costing 151. The direct materials cost was: a. $8,000 B. $5,700 c. $3,600 d. $8,000 The debit to Work in Process represents the direct materials cost. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Hard 152. The manufacturing overhead applied was: a. $2,700 b. $3,000 C. $7,800 d. $13,700 The credit to Manufacturing Overhead is the manufacturing overhead applied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-118 Chapter 002, Systems Design: Job-Order Costing 153. The manufacturing overhead was: a. $200 overapplied b. $2,700 overapplied C. $200 underapplied d. $2,700 underapplied * The credit to Manufacturing Overhead is the manufacturing overhead applied. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-119 Chapter 002, Systems Design: Job-Order Costing Essay Questions 154. A number of companies in different industries are listed below: 1. Electric utility 2. Frozen orange juice processor 3. Specialty coffee roaster (roasts small batches of specialty coffee beans) 4. Natural gas production company 5. Commercial photographer 6. Contract oil drilling company Required: For each company, indicate whether the company is most likely to use job-order costing or process costing. 1. Electric utility: Process Costing 2. Frozen orange juice processor: Process Costing 3. Specialty coffee roaster (roasts small batches of specialty coffee beans): Job-Order Costing 4. Natural gas production company: Process Costing 5. Commercial photographer: Job-Order Costing 6. Contract oil drilling company: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA BB: Industry AICPA FN: Reporting Learning Objective: 1 Level: Easy 2-120 Chapter 002, Systems Design: Job-Order Costing 155. Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below: 1. Flour mill 2. Dairy farm 3. Electric utility 4. Custom boat builder 5. Management consulting firm 6. Aluminum refiner that makes aluminum ingots from bauxite ore Required: For each company, indicate whether the company is most likely to use job-order costing or process costing. 1. Flour mill: Process Costing 2. Dairy farm: Process Costing 3. Electric utility: Process Costing 4. Custom boat builder: Job-Order Costing 5. Management consulting firm: Job-Order Costing 6. Aluminum refiner that makes aluminum ingots from bauxite ore: Process Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA BB: Industry AICPA FN: Reporting Learning Objective: 1 Level: Easy 2-121 Chapter 002, Systems Design: Job-Order Costing 156. Some companies use process costing and some use job-order costing. Which method a company uses depends on its industry. A number of companies in different industries are listed below: 1. Construction company that builds office buildings 2. Winery that produces a variety of wines 3. Cement manufacturer 4. Mushroom farm that produces the standard button mushroom in caves 5. Aluminum refiner that makes aluminum ingots from bauxite ore Required: For each company, indicate whether the company is most likely to use job-order costing or process costing. 1. Construction company that builds office buildings: Job-Order Costing 2. Winery that produces a variety of wines: Job-Order Costing 3. Cement manufacturer: Process Costing 4. Mushroom farm that produces the standard button mushroom in caves: Process Costing 5. Aluminum refiner that makes aluminum ingots from bauxite ore: Process Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA BB: Industry AICPA FN: Reporting Learning Objective: 1 Level: Easy 2-122 Chapter 002, Systems Design: Job-Order Costing 157. Gilford Inc. uses a job-order costing system. Costs going through the company's work in process account during June are given below. Manufacturing overhead is applied to production using a predetermined overhead rate based on direct labor cost. Only Job 105 was still in process at the end of the month. This job had been charged with $3,000 in direct materials cost. Required: a. Complete the following job-order costing card for Job 105: b. Determine the total amount of materials cost charged to completed jobs during the month. 2-123 Chapter 002, Systems Design: Job-Order Costing a. Since only Job 105 was in process at the end of the month, all of the $15,000 balance in the Work in Process account must apply to it. From the Work in Process T-account, it appears that manufacturing overhead is being applied at 200% of direct labor cost. Let X = Direct labor cost X + 2.00X = $12,000 3X = $12,000 X = $4,000 Thus, direct labor cost in Job 105 is $4,000, and manufacturing overhead cost is 200% $4,000 = $8,000. Therefore, b. Since $20,000 in materials cost was charged to Work in Process, and since only $3,000 in materials cost applies to Job 105, the difference of $17,000 represents the cost charged to completed jobs during the month. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 3 Learning Objective: 5 Learning Objective: 7 Level: Hard 2-124 Chapter 002, Systems Design: Job-Order Costing 158. Parker Company uses a job-order costing system and applies manufacturing overhead to jobs using a predetermined overhead rate based on direct labor-hours. Last year manufacturing overhead and direct labor-hours were estimated at $50,000 and 20,000 hours, respectively, for the year. In June, Job #461 was completed. Materials costs on the job totaled $4,000 and labor costs totaled $1,500 at $5 per hour. At the end of the year, it was determined that the company worked 24,000 direct labor-hours for the year and incurred $54,000 in actual manufacturing overhead costs. Required: a. Job #461 contained 100 units. Determine the unit cost that would appear on the job cost sheet. b. Determine the underapplied or overapplied overhead for the year. a. * $1,500 $5.00 per DLH = 300 DLHs ** $50,000 20,000 DLHs = $2.50 per DLH b. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-125 Chapter 002, Systems Design: Job-Order Costing 159. Stan Wilson, a newly hired worker at Superior Molding, was puzzled by the job cost sheets attached to the jobs he worked on. He understood the materials and labor cost entries these represent the actual costs of materials he requisitioned for the job and the cost of the labor-hours he recorded for the job. However, he did not understand the entry for Manufacturing Overhead. This entry was made at the end of the day by the accountants and he had no idea where this number came from. He asked the company's controller, Mary Donner, but the only part of the explanation he understood was that the overhead entries do not represent actual overhead costs. Required: Explain to Stan what the Manufacturing Overhead entries on the job cost sheet mean. The Manufacturing Overhead entries on the job cost sheet are arrived at by applying a predetermined overhead rate to the base, which is most likely direct labor-hours. This number does not represent actual overhead costs. There are several reasons for this. First, by definition, it is difficult or impossible to trace overhead costs to particular jobs. Therefore, actual overhead costs cannot really be traced to the jobs Stan works on. Even so, an "actual" rate could be used instead of a predetermined rate for spreading overhead costs among jobs. However, most companies choose to use a predetermined rate since actual rates tend to fluctuate and cannot be determined until the close of the accounting period. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 3 Learning Objective: 5 Level: Easy 2-126 Chapter 002, Systems Design: Job-Order Costing 160. Job 243 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $11 per machine-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 5 Level: Easy 2-127 Chapter 002, Systems Design: Job-Order Costing 161. Job 652 was recently completed. The following data have been recorded on its job cost sheet: The company applies manufacturing overhead on the basis of direct labor-hours. The predetermined overhead rate is $35 per direct labor-hour. Required: Compute the unit product cost that would appear on the job cost sheet for this job. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 2 Learning Objective: 5 Level: Easy 2-128 Chapter 002, Systems Design: Job-Order Costing 162. Alagan Company is a manufacturing firm that uses job-order costing. At the beginning of the year, the company's inventory balances were as follows: The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 37,000 machine-hours and incur $222,000 in manufacturing overhead cost. The following transactions were recorded for the year: Required: Prepare the appropriate journal entry for each of the items above. You can assume that all transactions with employees, customers, and suppliers were conducted in cash. 2-129 Chapter 002, Systems Design: Job-Order Costing 2-130 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 4 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-131 Chapter 002, Systems Design: Job-Order Costing 163. The Collins Company uses a job-order costing system and applies manufacturing overhead cost to jobs on the basis of the cost of materials used in production. At the beginning of the most recent year, the following estimates were made as a basis for computing the predetermined overhead rate for the year: manufacturing overhead cost, $200,000; direct materials cost, $160,000. The following transactions took place during the year (all purchases and services were acquired on account): Required: Prepare journal entries for each of the above transactions. Assume that all transactions with external suppliers, employees, and customers were conducted in cash. 2-132 Chapter 002, Systems Design: Job-Order Costing 2-133 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 4 Learning Objective: 5 Level: Medium 2-134 Chapter 002, Systems Design: Job-Order Costing 164. Baba Company is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year: The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 40,000 machine-hours and incur $200,000 in manufacturing overhead cost. The following transactions were recorded for the year: Raw materials were purchased, $412,000. Raw materials were requisitioned for use in production, $409,000 $(362,000 direct and $47,000 indirect). The following employee costs were incurred: direct labor, $324,000; indirect labor, $57,000; and administrative salaries, $129,000. Selling costs, $135,000. Factory utility costs, $22,000. Depreciation for the year was $102,000 of which $94,000 is related to factory operations and $8,000 is related to selling, general, and administrative activities. Manufacturing overhead was applied to jobs. The actual level of activity for the year was 44,000 machine-hours. Sales for the year totaled $1,198,000. Required: a. Prepare a schedule of cost of goods manufactured in good form. b. Was the overhead underapplied or overapplied? By how much? c. Prepare an income statement for the year in good form. The company closes any underapplied or overapplied overhead to Cost of Goods Sold. 2-135 Chapter 002, Systems Design: Job-Order Costing a. Schedule of cost of goods manufactured b. Overhead underapplied or overapplied c. Income Statement 2-136 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Learning Objective: 6 Learning Objective: 8 Level: Medium 2-137 Chapter 002, Systems Design: Job-Order Costing 165. Dotsero Technology, Inc., has a job-order costing system. The company uses predetermined overhead rates in applying manufacturing overhead cost to individual jobs. The predetermined overhead rate in Department A is based on machine-hours, and the rate in Department B is based on direct materials cost. At the beginning of the most recent year, the company's management made the following estimates for the year: Job 243 entered into production on April 1 and was completed on May 12. The company's cost records show the following information about the job: At the end of the year, the records of Dotsero showed the following actual cost and operating data for all jobs worked on during the year: Required: a. Compute the predetermined overhead rates for Department A and Department B. b. Compute the total overhead cost applied to Job 243. c. Compute the amount of underapplied or overapplied overhead in each department at the end of the current year. 2-138 Chapter 002, Systems Design: Job-Order Costing a. Department A predetermined overhead rate: Estimated overhead cost/Estimated machine-hours = $420,000/70,000 = $6.00 Department B predetermined overhead rate: Estimated overhead cost/Estimated direct materials cost = $705,000/$282,000 = 250% of direct materials cost b. Overhead applied to Job 243: c. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 10 Learning Objective: 3 Learning Objective: 5 Learning Objective: 8 Level: Medium 2-139 Chapter 002, Systems Design: Job-Order Costing 166. Carver Test Systems manufactures automated testing equipment. The company uses a job-order costing system and applies overhead on the basis of machine-hours. At the beginning of the year, estimated manufacturing overhead was $1,960,000 and the estimated machine-hours was 98,000. Data regarding several jobs at Carver are presented below. By the end of the first month (January), all jobs but RX-115 were completed, and all completed jobs had been delivered to customers except for SL-205. Required: What was the balance in Finished Goods inventory at the end of January? The Finished Goods inventory consists only of Job SL-205. The balance in the account is computed as follows: * Predetermined overhead rate = $1,960,000 98,000 MHs = $20 per MH Overhead applied = 2,700 MHs $20 per MH = $54,000 AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 5 Level: Hard 2-140 Chapter 002, Systems Design: Job-Order Costing 167. Scanlon Company has a job-order costing system and applies manufacturing overhead cost to products on the basis of machine-hours. The following estimates were used in preparing the predetermined overhead rate for the most recent year: During the most recent year, a severe recession in the company's industry caused a buildup of inventory in the company's warehouses. The company's cost records revealed the following actual cost and operating data for the year: Required: a. Compute the company's predetermined overhead rate for the year and the amount of underapplied or overapplied overhead for the year. b. Determine the difference between net operating income for the year if the underapplied or overapplied overhead is allocated to the appropriate accounts rather than closed directly to Cost of Goods Sold. 2-141 Chapter 002, Systems Design: Job-Order Costing The company's predetermined overhead rate for the year is: $1,710,000/95,000 MHs = $18 per MH The amount of underapplied/overapplied overhead is: Allocation of underapplied overhead: The entire amount of underapplied overhead $337,500 is added to Cost of Goods Sold where no allocation occurs. Allocation results in only $189,844 being added to Cost of Goods Sold. Net operating income would be higher under allocation by $337,500 - $189,844 = $147,656. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 3 Learning Objective: 8 Level: Medium 2-142 Chapter 002, Systems Design: Job-Order Costing 168. Bushman Co., Inc., uses a job-order costing system in its manufacturing operations. The company recorded the following transactions during the past week: Required: Prepare journal entries to record the transactions for the week. Assume all purchases are on account. Key your answers to letters a. through j. above. 2-143 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Learning Objective: 5 Learning Objective: 6 Level: Medium 2-144 Chapter 002, Systems Design: Job-Order Costing 169. During June, Briganti Corporation purchased $79,000 of raw materials on credit to add to its raw materials inventory. A total of $64,000 of raw materials was requisitioned from the storeroom for use in production. These requisitioned raw materials included $4,000 of indirect materials. Required: Prepare journal entries to record the purchase of materials and their use in production. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 170. During December, Moulding Corporation incurred $76,000 of actual Manufacturing Overhead costs. During the same period, the Manufacturing Overhead applied to Work in Process was $74,000. Required: Prepare journal entries to record the incurrence of manufacturing overhead and the application of manufacturing overhead to Work in Process. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 4 Level: Easy 2-145 Chapter 002, Systems Design: Job-Order Costing 171. Mat Company's actual manufacturing overhead cost for the month ended March 31 was $78,000. The company's predetermined overhead rate was 50% of direct labor cost. Other information pertaining to Mat Company's inventories and production for the month of March is as follows: Required: a. Determine the amount of direct materials used during March. b. Determine the underapplied or overapplied overhead for the month. c. Determine the Cost of Goods Manufactured for the month. 2-146 Chapter 002, Systems Design: Job-Order Costing a. b. c. AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 5 Learning Objective: 6 Learning Objective: 8 Level: Medium Source: CPA, adapted 2-147 Chapter 002, Systems Design: Job-Order Costing 172. Bledsoe Corporation has provided the following data for the month of November: Required: Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form. 2-148 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Measurement AICPA FN: Reporting Learning Objective: 6 Level: Medium 2-149 Chapter 002, Systems Design: Job-Order Costing 173. Eppich Corporation has provided the following data for the most recent month: Required: Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. 2-150 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-151 Chapter 002, Systems Design: Job-Order Costing 174. During May, Sharpton Corporation recorded the following: Required: Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. 2-152 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-153 Chapter 002, Systems Design: Job-Order Costing 175. Prahm Inc. has provided the following data for August: Required: Prepare T-accounts for Raw Materials, Work in Process, Finished Goods, and Manufacturing Overhead, and Cost of Goods Sold. Record the beginning balances and each of the transactions listed above. Finally, determine the ending balances. 2-154 Chapter 002, Systems Design: Job-Order Costing AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Reporting Learning Objective: 7 Level: Medium 2-155

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NC Wesleyan - ACC - 201
Chapter 001, An Introduction to Managerial Accounting and Cost ConceptsTrue / False Questions 1. The sum of all costs of manufacturing costs except direct materials is called manufacturing overhead. FALSEAACSB: Reflective Thinking AICPA BB: Critical Thi
UC Davis - MIC - 140
MotilityandChemotaxisReading:Chapter1.1.2.11.2.2 URLsofinterest: http:/wwwmicro.msb.le.ac.uk/video/motility.html http:/www.rowland.harvard.edu/labs/bacteria/index.html http:/molvis.sdsc.edu/atlas/morphs/flaghook/index.htm http:/lecturer.ukdw.ac.id/dhira/
UC Davis - MIC - 140
MIC 140Bacterial Physiology09-25-09HANDOUT 1 Terms and Processes: The following is a list of terms and process you should be familiar with from previous classes. You do not need to know the details of the processes (such as the names of the enzymes or
UC Davis - MIC - 140
MIC 140Bacterial Physiology09-25-09Lecture 1 Synopsis. Introduction to the course: Bacterial Physiology I. Overview of the mechanics of the course. 1. Instructors: Dr. M. Singer and Dr. J. Meeks; Reader: Mr. Matt Doherty 2. Course prerequisites = Bis 1
UC Davis - MIC - 140
MIC 140Bacterial Physiology09-28-09Lecture 2 Synopsis. Introduction to the process of making two cells from one: basic nutrition and cellular structures to be synthesized. Chapter 1. I. Overview of nutrition and energy metabolism = fueling reactions to
UC Davis - MIC - 140
MIC 140Bacterial Physiology9/30/09Lectures 3, 4, 5 & 6 Synopsis. Nutrition and Energy metabolism (lectures 3-9) - Integration of metabolic pathways used to make two cells from one. Lectures 3-6 focus on nutrition and energy utilization; lectures 7-9 fo
UC Davis - MIC - 140
MIC 140Bacterial Physiology, Lectures 8-1010/12/09Lecture 8, 9 & 10. Synopsis: Modes of membrane dependent ATP synthesis in bacteria. I. Approaches to the topic. 1. Mechanistic. Detailed proof of the thermodynamic limits; mathematical description of li
UC Davis - MIC - 140
Lecture12CellDivision Chromosomereplicationand partitioning Reading:Chapters2,3,10.1Generalproblemsofreplication anddivision. 1.Onecellgoestotwo: Mustduplicateall cellularmaterialproteins,ribosomes,lipids,LPS,etc. 2.DNAreplicationandpartitioning:Must
UC Davis - MIC - 140
Lecture13: Replicationandcelldivisionand theUniqueCellCycleofCaulobacterReading:Chapter18.17Transcriptional activationbyRNA polymeraseFormationofthe Openand Prepriming complexFormationofthereplisomeLeadingandLaggingstrandsynthesisStep5:Terminationof
UC Davis - MIC - 140
1Lecture 16 Growth and nutritionChapter 2 GROWTH AND NUTRITION OF CELLS As long as cells have all the nutrients they require, growth can continue in an uninterrupted manner. Under these conditions growth is UNRESTRICTED. MEASUREMENTS OF GROWTH. 1. Count
UC Davis - MIC - 140
Lecture17 GROWTHATLOW CONCENTRATIONSOFLIMITING NUTRIENTS.Correction ln(N2/N1)=k(t2t1),substitute ln(2N1/N1)=kg Ln2=kg g=ln2/kor0.693/k k=ln2g k=ln2/g Sointheexampleabove,k=1.92hr1 , g=0.693/1.92hr1=0.36hrortheculturedoubles every21.7min.Continuouscultu
UC Davis - MIC - 140
Lecture18: GrowthRatecontrol,and HomeostasisReading:Chapters2,and15Whatcaneffectthegrowthrateof bacteria? Qualityofnutrients(talkaboutthislater) Carbonsource Nitrogensource Etc. pH Saltconditions Temperature?BacteriacanliveinavarietyofpH rangesAcid
UC Davis - MIC - 140
Lecture18ReviewWhen [(p)ppGpp] increases; rrn transcription decreases Cell wall biosynthesis stops Initiation of replication stops transcription of protein synthesis genes goes down And amino acid biosynthetic genes go up, amino acid transporters go up p
UC Davis - MIC - 140
Lecture19cont.Howarepromotersdefined1. 2. 3. 4. Sequence Activity Directidentificationofthe5end. PhysicalmethodsSequenceGazingSequencecomparison,genomicapproaches.ActivityFragmentsofDNAthatarecapableof expressingareportergenetothesamelevel andundert
UC Davis - MIC - 140
Lecture19cont.4generalregulatorysystemsSimplesystems:metabolitesactingascorepressors and/orinducers GlobalControl:smallmoleculesassecondmessengers Twocomponentregulatorsystems:ahighly conservedgroupofsignaltransductionpathwaysthat involveaproteinphospho
UC Davis - MIC - 140
Lecture21cont.Polarity Defined:theprematuretranslational terminationofanupstreamgenecausesthe prematuretranscriptionalterminationofthe downstreamgene:PPWhy? Lookformutantsthatovercomepolarity System:Lacsystem,withaknownpolar mutationinlacZX lacZ La
UC Davis - MIC - 140
Lecture 22Synopsis: Regulation of nitrogen assimilation. Chapters 12 and 18.4I. Inorganic nitrogen assimilation versus dissimilation. A. NH4+. Ammonification (primarily a waste product of deamination of amino acids, essentially unregulated) versus assim
UC Davis - MIC - 140
MIC 140 Bacterial Physiology Lecture 2211-23-09Synopsis: Regulation of nitrogen assimilation. Chapters 12 and 18.4I. Inorganic nitrogen assimilation versus dissimilation. A. NH4+. Ammonification (primarily a waste product of deamination of amino acids,
UC Davis - MIC - 140
Lecture23 RegulatoryResponses: SOSandHeatShockReading19.119.3,19.4SOS:Mechanismtoreadthrough damagedand/ormodifiedDNAWhathappenswhencellsareexposed toDNAdamagingagents DNAdamageoccursandcauses,nicks,gaps, breaks,etc.Keyenzymes:RecA: DNArecombination
UC Davis - MIC - 140
PTSandcarbonregulation andaquickieontransportReadingChapter16TypesoftransportPrimaryTransport:drivenbyanenergy producing(exergonic)metabolicevent,proton translocationdrivenbyATP,lightdriven transportetc. SecondaryTransport:drivenbyelectrochemical gradi
UC Davis - MIC - 140
Mic 140Bacterial Physiologylectures 3-610/02/09HANDOUT Lectures 3-6 I. Core Metabolism. Integration of metabolic activity while making two microbial cells from one. The making of one gram of the model bacterium Escherichia coli will be used as the des
UC Davis - MIC - 140
Mic 140 Lectures 28 Synopsis. Oxygen - or lack thereof - regulation of metabolic activity and growth I. Oxygen in biology A. Significant production of oxygen is only by organisms with an oxygenic photosynthetic mechanism (cyanobacteria and chloroplasts),
UC Davis - MIC - 140
MIC 140 Bacterial PhysiologyInstructors Dr. M. Singer Dr. J. Meeks Office: 268 Briggs 209 Briggs Phone 752-9005 752-3346 e-mail mhsinger@ucdavis.edu jcmeeks@ucdavis.eduFall Quarter 2009Office Hours M and W 11:00 to 12:00 AM and/or by appointment M, Tu
UC Davis - MIC - 140
MIC 140 Bacterial Diversity Problem Set #2 REQUIREDNAME_ Due October 16, 20091. Calculate the energy cost to make 1 gram of Escherichia coli, assuming in this case that E. coli is an autotroph using the Reductive Pentose Phosphate cycle (Calvin, or Calv
UC Davis - MIC - 140
NameStudent ID numberMICROBIOLOGY 140 Problem Set #3Due Oct 19 at the beginning of class1. A glucose limited chemostat is operated at a dilution rate of 0.15 hr-1. If Ks for glucose is 1.8 x10-7M, the glucose yield constant (Y) is 0.28 and the same me
UC Davis - MIC - 140
MIC 140 Bacterial PhysiologyName _Midterm examination 1For your protection, put your name on all pages of this examination and on your SCANTRON together with your I.D. number. There are eight pages to this examination, including the cover page, plus ap
Georgia State - PHIL - PHIL 1010
Philosophy 1010 Revised November 20, 2008 T- Aug 19 Th- Aug 21 F- Aug 22 T- Aug 26 Th- Aug 28 T- Sept 2 Th- Sept 4 T- Sept 9 Th- Sept 11 T- Sept 16 Th- Sept 18 F- Sept 19 T- Sept 23 Th- Sept 25 T- Sept 30TENTATIVE Assignment ScheduleFall 2008W- Oct 1 T
Georgia State - PHIL - PHIL 1010
Examples for Discussion of DefinitionsForm of a Genus/Species Definition A [word to be defined] is a Part A [genus] that Part B [species]. Part CExamples 1. A building is a roofed and walled structure intended for permanent use.2. Ahouse is abuilding
Georgia State - PHIL - PHIL 1010
Georgia State - PHIL - PHIL 1010
Phil 1010, Practice Final Exam George Rainbolts Section, Fall 2008 I. Statement Types: for each of the following statements, identify its type. If a statement contains two or more types, choose the type best represented by the main connector. Choose from
Georgia State - PHIL - PHIL 1010
PHIL 1010 Practice Final Answer Key 1. C [conjunction] 2. A [simple statement; the and conjoins the subjects in a relation] 3. E [conditional] 4. E [conditional; every time is a sufficiency condition] 5. D [disjunction; unless is a disjunctive indicator]
Georgia State - PHIL - PHIL 1010
P HIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 8/28 Answer KeyEXERCISES 1.1 (Sections 2 - 2.3) B. Assume that Jack and Jill had the following discussion. (a) For each sentence, indicate whether it makes a statement or not. (b) For each sentence that
Georgia State - PHIL - PHIL 1010
PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 9/4EXERCISES 1.6 (Section 5) A. Reconsider following imaginary discussions. (They were first presented in Exercises 1.5.) Find all the arguments in each discussion and put them into standard form. 1. Jack
Georgia State - PHIL - PHIL 1010
PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 9/25EXERCISES 4.1 (Sections 1-1.2) D. Provide two examples of uncontroversial empirical statements that you have read in one of your textbooks from your other courses. Be sure to provide a complete citati
Georgia State - PHIL - PHIL 1010
PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 10/16 EXERCISES 5.5 (Sections 2-2.2.5) A. Indicate whether the following passages contain an argument(s). If one or more arguments are present, indicate whether the form of the argument is: denying a disju
Georgia State - PHIL - PHIL 1010
PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 10/23 FROM EXERCISES 9.1 (Sections 1-1.2)KEYNOTE: The instructions have been changed from those found in the book. -Which of the following are analogies? -Which of the following are analogical arguments?
Georgia State - PHIL - PHIL 1010
PHIL 1010, CRITICAL THINKING EXERCISES DUE THURS, 12/2 EXERCISES 12.6 (Sections 3-3.2.2) A. Determine which of the following passages contain a moral argument. If a moral argument is present determine whether its conclusion is about an action, a person, o
Georgia State - PHIL - PHIL 1010
PHIL 1010 Critical Thinking CRN 82845 TR 11-11:50 Revised August 19, 2008Georgia State University Department of Philosophy 34 Peachtree St., Suite 1100Fall 2008 George RainboltCONTACT INFO Email: grainbolt@gsu.edu (preferred method of contact) Telephon
Georgia State - PHIL - PHIL 1010
GEORGE W. RAINBOLTRevised September 11, 2009Department of Philosophy Georgia State University P.O. Box 4089 Atlanta, GA 30302-4089Phone: (404) 413-6109 Fax: (404) 413-6124 grainbolt@gsu.eduEDUCATION C Ph.D., Philosophy, University of Arizona, 1990. Di
Georgia State - PHIL - PHIL 1010
Philosophy 1010 Essay Grade Sheet ID: Grade: Name: Yes Partial No Necessary Requirements for Grade of D 1. Does the essay appropriately cite all direct quotations? 2. Does the essay appropriately cite all paraphrasing of others work? 3. Does the essay add
Georgia State - PHIL - PHIL 1010
Income and Educational AttainmentAll those over 25 with an income $32,682High School Diploma Bachelors Degree Graduate Degree$26,183 $46, 161 $61,578This adds up. If you worked from 22 to 65, 43 years, the difference would be: $846,154 and $1,521,985
Georgia State - PHIL - PHIL 1010
From John Cains Web Site Strategy for Victory in Iraq The Importance of Succeeding John McCain believes it is strategically and morally essential for the United States to support the Government of Iraq to become capable of governing itself and safeguardin
Georgia State - PHIL - PHIL 1010
From Barack Obamas Web Site The Problem Inadequate Security and Political Progress in Iraq: Since the surge began, more than 1,000 American troops have died, and despite the improved security situation, the Iraqi government has not stepped forward to lead
Georgia State - PHIL - PHIL 1010
Rainbolt's Paper GuidelinesOne of the best ways to test a student's ability to think clearly is to assign a paper. Moreover, the writing process itself encourages one to think clearly. For these reasons a student's grade in this course will rest heavily
Georgia State - PHIL - PHIL 1010
Georgia State - PHIL - PHIL 1010
A SAMPLE OF AN A PAPER Sexual Morality Last Four Numbers of Student ID: 1234 CRN 54321This essay is a discussion of the "Vatican's Declaration on Some Questions of Sexual Ethics. This article can be found in The Pope Speaks (vol. 21, no. 1., 1976). While
Georgia State - PHIL - PHIL 1010
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Georgia State - PHIL - PHIL 1010
#Document.pdf#% #PHIL 1010 Extra Credit for FINAL.pdf#7<#1010%20CSKingTestimonyFullEmploymentAct1976excerpt.doc#*# #1010CSKingExcerptforFirstInclassEssay.doc#2 #1010Essay%2520One %2520Instructions%2520F09sd0.doc#&+#1010Syllabus %20Fall2009%20%282%29.doc#&
Georgia State - PHIL - PHIL 1010
8970 Ch 5 Beighley, Steve Leukom, Mary Vanwagner, Tracy Hunter Thomsen Ch 9 Garland, Melissa Wissmueller, Brad Grimaldi, Cleo Ch 11 Fischer, Ben Walker, Kyle Reuben Stern Fulmer, Everett Anais Stenson Ch 12 Hirsch, Kyle Augustin, Michael Tulipano, Paul Pa
Georgia State - PHIL - PHIL 1010
Phil 1010 Grading Grid for First Essay NAME CLASS DAY & TIME GRADEN/A YES NONecessary Requirements for Passing the Assignment 1. Do you appropriately cite any direct quotations? 2. Do you appropriately cite any paraphrases or summarizing? 3. Do you appr
Georgia State - PHIL - PHIL 1010
PHILOSOPHY 1010 ESSAY 2: GUIDELINES & GRADE SHEET NAME CLASS DAY & TIME GRADEYes No PartialNecessary Requirements for Passing the Assignment 1. Do you appropriately cite any direct quotations? 2. Do you appropriately cite any paraphrases or summarizing?
Georgia State - PHIL - PHIL 1010
Phil 1010Practice Final ExamSummer 2008I. Identifying Statement Types: for each of the following statements, identify its type. If a statement contains two or more types, choose the type best represented by the main connector. Choose from the options g
Georgia State - PHIL - PHIL 1010
Phil 1010Excerpt for EssayBACKGROUND: In 1976, Congress considered a Full Employment and Balanced Growth Act. The subcommittee on employment, poverty and migratory labor, of the committee on labor and public welfare met in order to investigate the possi
Georgia State - PHIL - PHIL 1010
Phil 1010Instructions for In-Class EssaySpring 2009Compose a well-organized essay, following the guidelines handed out and discussed last class period. You may use your book, your class notes and any handouts from class. Choose one of the following two
Georgia State - PHIL - PHIL 1010
Phil 1010Essay One InstructionsCompose a 300 word essay on an argument given to you from the excerpt. Do not to use any outside sources. If you do use such sources, and do not properly cite them, you will fail the course (not just the assignment). So it
Georgia State - PHIL - PHIL 1010
PHIL 1010 Critical Thinking MW, 7:15-8:05Georgia State University Department of Philosophy 34 Peachtree St. Suite 1100Fall 2009 Keith FoxI. CONTACT INFO Email: kfox5@student.gsu.edu (preferred method of contact) Telephone: 404.413.6100 (dept office can
Georgia State - PHIL - PHIL 1010
GASSETT 1JohnGassett Instructor:FOX,Keith PHIL1010M/W1900 3December2009STANDARDIZATION[ResearchPaperTitle] TheModernLanguageAssociation(MLA)providesguidelinesfordocumentation style.ThistemplateisbasedoncommonlyusedguidelinesfromtheMLAHandbookfor Writer
Georgia State - PHIL - PHIL 1010
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Georgia State - PHIL - PHIL 1010
Types of Arguments and Persuasive Devices Types of Arguments & Persuasive Devices Explanation of Technique Challengerattacksaweakerargumentratherthantheoriginalstatementorpositionwhichisharderto 1.StrawMan argueagainst.2.AdHominem (totheman)Challengerat
Georgia State - PHIL - PHIL 1010
Phil 1010Essay 2 Directions and Grading GridBittrich, Fall 09Essay 2 is the best assessment of your critical thinking skills in this class. The overall purpose is to see how well you can apply the skills we are learning. You will be expected on your se
Georgia State - PHIL - PHIL 1010
1From John McCains Web Site Strategy for Victory in Iraq The Importance of Succeeding John McCain believes it is strategically and morally essential for the United States to support the Government of Iraq to become capable of governing itself and safeguar