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Chapter 3

# Chapter 3 - Solutions Homework Chapter 3 Exercise 31 a b c...

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Solutions Homework Chapter 3 Exercise 3-1  a. Job-order costing b. Job-order costing c. Process costing d. Job-order costing e. Process costing* f. Process costing* g. Job-order costing h. Job-order costing i. Job-order costing j. Job-order costing k. Process costing l. Process costing *Some of the listed companies might use either a process costing or a job-order costing  system, depending on the nature of their operations and how homogeneous the final  product is. For example, a plywood manufacturer might use job-order costing if it has a  number of different plywood products that are constructed of different woods or come in  markedly different sizes. Exercise 3-3 The predetermined overhead rate is computed as follows: Estimated total manufacturing overhead. .................. \$586,000 ÷ Estimated total direct labor hours (DLHs). ..............       40,000     DLHs = Predetermined overhead rate. ................................       \$14.65     per DLH

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Exercise 3-5   Actual direct labor-hours. ..................................... 12,600 × Predetermined overhead rate. ..........................       \$23.10     = Manufacturing overhead applied. ..................... \$291,060 Exercise 3-7  Parts 1 and 2. Cash
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Chapter 3 - Solutions Homework Chapter 3 Exercise 31 a b c...

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