Job costing, journal entries.
Some instructors may also want to assign Exercise 4-25. It demonstrates the relationships of the
general ledger to the underlying subsidiary ledgers and source documents.
An overview of the product costing system is:
Job order costing, process costing.
Job costing (but some process costing)
Solutions for Homework * Managerial Accounting 507 *
Management accounting measures, analyzes and reports financial and nonfinancial
information that helps managers make decisions to fulfill the goals of an organization. It focus
SPOILAGE, REWORK, AND SCRAP
18-16 (510 min.) Normal and abnormal spoilage in units.
Total spoiled units
Normal spoilage in units, 5% 132,000
Abnormal spoilage in units
Abnormal spoilage, 5,400 $10
Normal spoilage, 6,600
ACTIVITY-BASED COSTING AND ACTIVITY-BASED MANAGEMENT
(20 min.) Cost hierarchy.
a. Indirect manufacturing labor costs of $1,200,000 support direct manufacturing labor
and are output unit-level costs. Direct manufacturing labor generally i
AN INTRODUCTION TO COST TERMS AND PURPOSES
(15 min.) Computing and interpreting manufacturing unit costs.
Based on total manuf. cost
per unit ($1.75 120;
$1.3833 160; $0.94 180)
Correct total manuf. costs based
on variable manuf. cost
17-16 (25 min.) Equivalent units, zero beginning inventory.
Direct materials cost per unit ($750,000 10,000)
Conversion cost per unit ($798,000 10,000)
Assembly Department cost per unit
2a. Solution Exhi