ch20 - CHAPTER 20 Job Order Cost Accounting ASSIGNMENT...

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20-1 CHAPTER 20 Job Order Cost Accounting ASSIGNMENT CLASSIFICATION TABLE Study Objectives Questions Brief Exercises Exercises A Problems B Problems 1. Explain the characteristics and purposes of cost accounting. 1, 2, 3, 4 2. Describe the flow of costs in a job order cost accounting system. 5, 6, 7, 8,11, 12 1, 2, 3, 4 1, 2, 3, 4, 6, 7, 8, 9,11 1A, 2A, 3A, 5A 1B, 2B, 3B, 5B 3. Explain the nature and importance of a job cost sheet. 9, 10, 11, 12 5 1, 2, 3, 6, 7, 8, 10, 12 1A, 2A, 3A, 5A 1B, 2B, 3B, 5B 4. Indicate how the predetermined overhead rate is determined and used. 13, 14, 15 6, 7 2, 3, 5, 6, 7, 8, 11,12, 13 1A, 2A, 3A, 4A, 5A 1B, 2B, 3B, 4B, 5B 5. Prepare entries for jobs completed and sold. 16 8 2, 3, 4, 6, 7, 8, 9, 10, 11 1A, 2A, 3A, 5A 1B, 2B, 3B, 5B 6. Distinguish between under- and overapplied manufacturing overhead. 17, 18 9 5, 12, 13 1A, 2A, 4A, 5A 1B, 2B, 4B, 5B
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20-2 ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) 1A Prepare entries in a job cost system and job cost sheets. Simple 30 40 2A Prepare entries in a job cost system and partial income statement. Moderate 30 40 3A Prepare entries in a job cost system and cost of goods manufactured schedule. Simple 30 40 4A Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. Simple 20 30 5A Analyze manufacturing accounts and determine missing amounts. Complex 30 40 1B Prepare entries in a job cost system and job cost sheets. Simple 30 40 2B Prepare entries in a job cost system and partial income statement. Moderate 30 40 3B Prepare entries in a job cost system and cost of goods manufactured schedule. Simple 30 40 4B Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. Simple 20 30 5B Analyze manufacturing accounts and determine missing amounts. Complex 30 40
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BLOOM’S TAXONOMY TABLE 20-3 Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Study Objective Knowledge Comprehension Application Analysis Synthesis Evaluation 1. Explain the characteristics and purposes of cost accounting. Q20-1 Q20-2 Q20-3 Q20-4 2. Describe the flow of costs in a job order cost accounting system. Q20-5 Q20-7 Q20-8 Q20-12 Q20-6 BE20-1 BE20-2 BE20-3 BE20-4 E20-1 E20-2 E20-3 E20-6 E20-7 E20-8 E20-9 E20-11 P20-1A P20-3A P20-1B P20-3B E20-4 P20-2A P20-5A P20-2B P20-5B 3. Explain the nature and importance of a job cost sheet. Q20-11 Q20-9 Q20-10 BE20-5 E20-10 E20-12 E20-1A E20-3A 4. Indicate how the predetermined overhead rate is determined and used. Q20-15 Q20-13 Q20-14 BE20-6 BE20-7 E20-13 P20-4A P20-4B E20-5 5. Prepare entries for jobs completed and sold. Q20-16 BE20-8 6. Distinguish between under- and overapplied manufacturing overhead. Q20-17 Q20-18 BE20-9 Broadening Your Perspective Communication Real-World Focus Exploring the Web Managerial All About You Decision Making Across the Organization Ethics Case
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20-4 ANSWERS TO QUESTIONS 1. (a) Cost accounting involves the measuring, recording, and reporting of product costs. A cost accounting system consists of manufacturing cost accounts that are fully integrated into the general ledger of a company.
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This note was uploaded on 04/15/2010 for the course ACCOUNTING 1234 taught by Professor Ahmed during the Spring '10 term at Abu Dhabi University.

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ch20 - CHAPTER 20 Job Order Cost Accounting ASSIGNMENT...

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