Cost Glossary with Brief Explanations
Common Cost A cost that supports more than one area, function, product, or duty. It will be an Indirect
Cost and a Manufacturing/Factory Overhead cost.
Conversion Cost [Factory Overhead/Manufacturing Overhead and Dire
All numbers must show 2 decimals.
Estimated manufacturing overhead cost, at start of period
Estimated total amount of the allocation base, at start of period
Actual manufacturing overhead cost, known by the end of period
SOLUTIONS TO UNIT 3 EXAM REVIEW PROBLEMS
December 31, 2013
Bad Debt Expense .
Allowance for Doubtful Accounts
[(9% X $90,000) + $1,400] .
May 11, 2014
Allowance for Doubtful Accounts .
Accounts ReceivableByrd .
June 12, 2014
ACCT203 Final Exam Review Guide Fall 2015
Bolt Industries makes camping equipment. One of their products, a camping tent, is under review
for its pricing procedures. Management is trying to determine the appropriate price of the
They use direct labor dollars to allocate corporate overhea