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ch04_1 - CHAPTER 4 JOB COSTING 4.16 a b c d e f g h i j...

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CHAPTER 4 JOB COSTING 4.16 (10 min) Job order costing, process costing. a. Job costing l. Job costing b. Process costing m. Process costing c. Job costing n. Job costing d. Process costing o. Job costing e. Job costing p. Job costing f. Process costing q. Job costing g. Job costing r. Process costing h. Job costing (but some process costing) s. Job costing i. Process costing t. Process costing j. Process costing u. Job costing k. Job costing 4-18 (20 -30 min.) Job costing, normal and actual costing. 1. Budgeted indirect- cost rate = Budgeted indirect costs Budgeted direct labor-hours = hours 160,000 $8,000,000 = $50 per direct labor-hour Actual indirect- cost rate = Actual indirect costs Actual direct labor-hours = hours 164,000 $6,888,000 = $42 per direct labor-hour These rates differ because both the numerator and the denominator in the two calculations are different—one based on budgeted numbers and the other based on actual numbers. 2a. Laguna Model Mission Model Normal costing Direct costs Direct materials Direct labor Indirect costs Assembly support ($50 × 900; $50 × 1,010)
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