The cutting department at Kingstown Industries uses a processcosting system to record the cost
of processing its products. Currently, only the custom computerized scoreboard is made in this
department. In arriving at the conversion cost the company a
(iii) Calculate the activity-cost driver rate for EACH of the four activities,
machining, setup, engineering and inspecting.
' [4 marks]
(iv) Using the activity rates obtained in (iii) above, calculate the cost of the
job using the activity based costi
Name: Keren Reneau
ACC 215 Worksheet
1.) Managerial accounting information:
A) Is used mainly by external users.
B) Involves gathering information about costs for planning and control decisions.
C) Is generally the only accounting information avai
1.) ABC Ltd is preparing overhead budgets and determining the apportionment
of these overheads to products.
Cost centre expenses and related information have been budgeted as follows:
Consumable materials (including
ACC 216 Process Costing
Multiple Choice Worksheet
1.) Which of the following five types of products is least likely to be produced in a process manufacturing system?
Slacks for casual wear.
ACC 216 Test #1- Process Costing
Section I Multiple Choice (2 pts ea)
1.) Costing systems that are used for the costing of like or similar units of products in mass production are called
a. inventory costing systems
b. job costing systems
Group work #5
Cost Per Driver Supervision 2160 = $0.12/driver labor cost
Depreciation of Machinery 28840 = $28.84/machine hours
Assembly line preparation 23000 = $184/setup times
ACC 216 Handout #1 Process Costing
Section A - Preparation of Process Costing Accounts involving Closing Work in Progress
In the examples we have looked at so far, we have assumed that opening and closing stocks of work in progress
Name: Keren Reneau
ACC 215 Handout #3 Worksheet
1.) Damaged and obsolete goods:
A) Are never counted as inventory.
B) Are included in inventory at their full cost.
C) Are included in inventory at their net realizable value.
D) Should be disposed o
According to a survey carried out by sociology professor of UC riverside, Steven Brint, it was found that
on average, 41 hours in a week is spent on leisure and social activities by college students. Furthermore,
10.7 hours out of the 41 hours are spent s
DEGREE: B. ACCOUNTING (HONS) & B. ACCOUNTING AND FINANCE (HONS)
COURSEWORK ASSIGNMENT 2
FIN 3023 ACCOUNTING INFORMATION SYSTEMS
Submission Date IN CLASS (WEEK 7)
A. Late S
TABLE OF CONTENTS
QUESTION 1 - 2
QUESTION 2 - 6
QUESTION 3 - 16
QUESTION 4 - 26
REFERENCES - 30
There are broadly three elements of cost
The mission of the Green Innovations is to restore, protect and enhance the environment, to ensure
public health, environmental quality and economic vitality.
To inspire and challenge Malaysians to achieve the highest waste reduction, recyc
A MEMORY OF SOMEONE OR SOMETHINGTHAT HAD AN INFLUENCE ON YOU WHEN
YOU WERE YOUNGER
Memory can be a great source of joy as we recall first day of school, baby sitting, the
cookies grandma baked on weekends, playing cricket with friends, sneaking into the k
Implications of Accounting Information
Systems and Characteristics of Useful
By: ZAKIB RIZAN
What is an accounting
AIS is a structure that a business uses to
collect, store, manage, process, retrieve
and report i