Final exam cost accounting.xlsx

Final exam cost accounting.xlsx - a ABC systems can assign...

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a. b. ABC systems can assign sales commissions, shipping costs, an specific products. ABC only assigns a cost to a product if decisio will cause changes in the cost. Numerous overhead cost pools allocated to products and other cost objects using its own uniq The four parts of the cost hierarchy are output unit-level costs, b costs, and facility sustaining costs. Output unit-level costs are co unit of a product or service. Batch-level costs are the costs of ac or services rather than to each individual unit of product or serv costs of activities that are taken to support individual products or batches in which the products are produced. Facility-sustaining c traced to individual products or services, but support the organi variable dichotomy, which only units of output as a cost driv opportunity to model many different cost drivers. For examp sustaining costs are used by the number of batches of a prod
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nd warranty repair costs to ons concerning that product are used, each of which is que measure of activity. batch-level costs, product/service sustaining osts of activities performed on each individual ctivities related to a group of units of products vice. Product/service sustaining costs are the r services even without the number of units or costs are the costs of activities that cannot be ization as one. When compared to the fixed- ver, the four part cost hierarchy provides ple, batch-level costs and product/service duct and the number of different products.
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Describe the assumptions underlying Cost-Volume-Profit analysis. Changes in the level of revenues and costs arise only because of chang units sold. Total costs can be separated into a fixed component that does a variable component that changes with respect to the units sold. When behaviors of total revenues and total costs are linear in relation to units so time period.
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ges in the number of product not vary with the units sold and n represented graphically, the old within a relevant range and
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Required (10 points): $ 266,400.00 / 18,500 hrs. $ 14.40 per hour B. $ 14.40 * 19,050 hrs. $ 274,320.00 - C. Cost of goods sold $ 13,600.00 Factory Department Overhead Control $ 13,600.00 1. Mojito Corporation applies overhead based upon machine hours. Budgeted factory a. Determine the budgeted factory overhead rate per machine-hour. b. Compute the over/underapplied overhead. c. Prepare the journal entry to dispose of the variance using the write-off to cost of
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$ 287,920.00 $ (13,600.00) underapplied overhead y overhead was $266,400 and budgeted machine-hours were 18,500. Actual factory overhead was $ goods sold approach.
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$287,920 and actual machine-hours were 19,050.
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1. Briefly discuss ways in which a company could reduce the undesirable incentives assoc to evaluate the performance of a plant manager. (5 point Changing the way the accounting system works like adopting either variable or throughpu managers to produce for inventory. Use an inventory holding charge for managers who tie up extended time period used to evaluate the performance of the manager. They would have to to evaluate the performance.
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  • Fall '18
  • AnnHicks
  • Goods Manufactured

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