Job order costing, process costing.
Job costing (but some process costing)
CHAPTER 21 CAPITAL BUDGETING AND COST ANALYSIS 21-1 No. Capital budgeting focuses on an individual investment project throughout its life, recognizing the time value of money. The life of a project is often longer than a year. Accrual accounting focuses o
CHAPTER 17 PROCESS COSTING 17-16 (25 min.) Equivalent units, zero beginning inventory. 1. Direct materials cost per unit ($750,000 10,000) Conversion cost per unit ($798,000 10,000) Assembly Department cost per unit $ 75.00 79.80 $154.80
2a. Solution Exhi
CALIFORNIA STATE UNIVERSITY, BAKERSFIELD
SCHOOL OF BUSINESS & PUBLIC ADMINISTRATION
Instructor: Leonard Bacon
Office Location: BPA 100
Office Phone: 654-2186
Email Address: [email protected]
Class meets: Tuesdays & Thursdays
CHAPTER 2 AN INTRODUCTION TO COST TERMS AND PURPOSES
(15 min.) Computing and interpreting manufacturing unit costs.
(in millions) Regular $ 62.00 8.00 24.00 $ 94.00
Direct material cost Direct manuf. labor costs Indirect manuf. costs Total manuf.
CHAPTER 11 DECISION MAKING AND RELEVANT INFORMATION 11-16 (20 min.) Disposal of assets. 1. This is an unfortunate situation, yet the $75,000 costs are irrelevant regarding the decision to remachine or scrap. The only relevant factors are the future revenu
ANSWERS TO QUESTIONS
(a) Payment of an accounts payable.
(b) Collection of an accounts receivable from a customer.
(c) Transfer of an accounts payable to a note payable.
Transactions (a), (b), (d) are considered business transactions a
CHAPTER 15 ALLOCATION OF SUPPORT-DEPARTMENT COSTS, COMMON COSTS, AND REVENUES 15-16 (20 min.) Single-rate versus dual-rate methods, support department. Bases available (kilowatt hours): Rockford Practical capacity 10,000 Expected monthly usage 8,000 1a.