Study Guide / Review for Chapter 2 (Garrison 13e) Managerial Accounting and Cost Concepts PAGES EXH TOPIC 38-40,45-46 2:3 41-46 2:4-9 51-52 36-38,45-46 2:7-8 Distinguish between product costs and period costs (with examples). Given a list of costs, calculate total period costs, total manufacturing overhead costs, and total product costs. Given the beginning and ending balances of inventory accounts, calculate (1) cost of raw materials used, (2) cost of goods manufactured, and (3) cost of goods sold. Given relevant data, calculate (1) cost of raw materials used, (2) cost of goods manufactured, (3) cost of goods sold, and (4) net income. Given relevant data, calculate total direct costs and total indirect costs. Understand the flow of manufacturing costs
Study Guide / Review for Chapter 3 (Garrison 13e) Systems Design: Job-Order Costing PAGES EXH TOPIC 94-98 3:4 3:8 98-109 3:5-8,10-11 109-113 3:13 Compute underapplied or overapplied overhead cost. 109-113 3:10-12,14 Compute predetermined overhead rates and understand the reason for them. 94-97, 102- 109 Apply overhead cost to WIP using predetermined overhead rates. Given the ending balance of WIP inventory, calculate the amount of direct materials cost alone in that balance (i.e., excluding the cost of direct labor and applied overhead in that ending balance). Given relevant data (either in table format or in t-account format) , calculate the cost of materials used, the ending raw materials inventory, manufacturing overhead applied, ending work in process inventory, cost of goods manufactured, and cost of goods sold.
Study Guide / Review for Chapter 4 (Garrison 13e) Systems Design: Process Costing PAGES EXH TOPIC 149-150 4:1 Compare/contrast job-order and process costing 153-157 Concept of EUs of production 153-157 4:5-6 157-159