Solutions Chap 3 - Exercise31 a. Processcosting b....

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Exercise 3-1  a. Process costing g. Job-order costing b. Job-order costing h. Process costing* c. Process costing i. Job-order costing d. Process costing j. Process costing* e. Process costing k. Job-order costing f. Job-order costing l. Job-order costing *  Some of the companies listed might use either a job-order or a  process costing system, depending on how operations are carried  out. For example, a chemical manufacturer would typically operate  with a process costing system, but a job-order costing system  might be used if products are manufactured in relatively small  batches. The same thing might be true of the tire manufacturing  plant in item “j.” Exercise 3-3  The predetermined overhead rate is computed as follows: Estimated total manufacturing overhead. ........... $134,000 ÷ Estimated total direct labor hours (DLHs). ......       20,000     DLHs = Predetermined overhead rate. ........................           $6.70     per DLH Problem 3-18   1. a. Raw Materials.
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This note was uploaded on 12/05/2010 for the course ACC 2302 taught by Professor Hooreman during the Spring '10 term at Al Akhawayn University.

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Solutions Chap 3 - Exercise31 a. Processcosting b....

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