3310solmod09

3310solmod09 - Module 9 Answers 5-4 A job costing...

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Module 9 Answers 5-4. A job costing accounting system traces costs to individual units or to specific jobs (typically custom products). A process costing accounting system is used when identical units are produced through a series of uniform production steps. Operation costing is used when goods have some common characteristics (process costing) and some individual characteristics (job costing). 5-20. (20 min.) Basic Cost Flow Model. Based on the basic formula: BB + TI TO = EB a. $102,000 + $96,000 – $114,000 = X X = $84,000 b. $28,400 + X $88,000 = $24,800 X = $24,800 – $28,400 + $88,000 X = $84,400 c. $117,000 + $210,000 – X = $96,000 X = $117,000 + $210,000 – $96,000 X = $231,000 5-27. (15 Minutes) Predetermined Overhead Rates: Tiger Furnishings Predetermined overhead rate = $34.82 per direct labor hour. Basic Dominator Total Units Produced . .................... 1,000 250 1,250 Machine hours . ..................... 4,000 2,000 6,000 Direct labor hours. ................. 3,000
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This note was uploaded on 11/13/2008 for the course ACCT 305 taught by Professor Franz during the Spring '07 term at S.F. State.

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3310solmod09 - Module 9 Answers 5-4 A job costing...

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