InClassCh3Bus21Buck.pdf

InClassCh3Bus21Buck.pdf - depends on its industry A number...

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Managerial Accounting In Class Chapter 3 1. A number of companies in different industries are listed below: \ 1. Electric utility p \ 2. Frczen orange juice processor fl 3b3. Specialty coffee roaster (roasts small batches of specialty coffee beans) J j 4. Natural gas production company \' 'S5. Commercial photographer J g 6. Contract oil drilling compan/ 3- Required: For each company, indicate whether the company is most likely to use job-order costing or process costing. 2. Whether a company uses process costing or job-order costing depends on its industry. A number of __ :ompanies in different industries are listed below: ? l. Flour mill rp t 2. Dairy farm f t 3. Electric utilityl 5q 4. Custom boat builder ') =o 5. Management consulting firm,.l Q 6. Aluminum refiner that makes aluminum ingots from bauxite ore f Required: For each company, indicate whether the company is most likely to use job-order costing or process costing.
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lpe-Ln<s 3. Some companies use process costing and some use job-order costing. Which method a company uses
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Unformatted text preview: depends on its industry. A number of companies in different industries are listed below: a\ 1. Construction company that builds offrce buildings J-N 2. Winery that produces a number of varietal winesr,t 4 3. Cement manufacturer p \ 4. Mushroom farm that ploduces the standard button mushroom in caves p Q 5. Aluminum refiner that makes aluminum ingots from bauxite oreP Required: For each company, indicate whether the company is most likely to use job-order costing or process costing. 4. Schrum Inc., which uses job-order costing, has provided the following data for October: Direct materials Direct labor cost Manufacturing overhead cost incurred. ..... Manufacturing overhead cost applied . ...... Inventories: Beginning Ending l,Vork in process. .... $19,100 $i0,000 Finished goods. ...... $29,000 $45,000 Required: \\0roqo tSD $(6 \P\Q \lrAOO $39,000 $58,000 $45,000 $43,000 Determine the cost of goods manufactured for October. Show your work!...
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This note was uploaded on 09/08/2010 for the course BUS 21 at San Jose State.

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InClassCh3Bus21Buck.pdf - depends on its industry A number...

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