Activity-Based Costing / Caterpillar comparison essay assignment
After reading thoroughly the article entitled Product Costing at Caterpillar by Lou F. Jones
from Management Accounting, February 1991, your assignment is to:
1. Compare and contrast
For most products, higher prices result in a decreased demand, whereas lower prices result in
an increased demand. Let:
d = annual demand for a product in unit
p = price per unit
Assume that a firm accepts the following price-d
Chapter 10 Fixed & Intangible Assets
Cost that would be debited to a fixed asset of new printing press
Fees paid to factory representative
Insurance while in transit sales tax on purchase price
Sales tax on purchase price
Ex. 181 a. Direct materials cost e. Direct labor cost b. Factory overhead cost f. Direct
materials cost c. Factory overhead cost g. Direct materials cost d. Direct materials cost h.
Factory overhead cost
Ex. 1813 Work in process inventory, January 1, 2014
Week 3 Summary Questions
1. A.) TV assembler : Batch process costing, because different sizes are made but not
according to customer specification .
B.) Building contractor: Job order costing because each contract is different and a
building is ma
Week One Discussion Questions
1. There are several significant difference between managerial accounting and financial
accounting. One of the big differences is that financial accounting statements are
prepared by the standards of the GAAP, whereas, manage
Chapter 18 Accounting
Exercises 1, 3, 9, 12, 15
A. Direct material cost
B. direct labor cost
C. Factory overhead
D. Direct material
E. Direct Labor
F. Direct Material
G. Direct Material
H. Factory overhead cost
18-3 Factory Overhead for C
ACC 213 Summer 2014 quarter
Quiz 1 Chapters 18/19
Total Points 50 points each question 5 points each
Instructor: Angel Chatterton
Student Name: Heather Guillory
1.Which of the following accounts will be found on the income statement?
4.) The cost per equivalent unit is usually decided separately from direct materials and
conversation cost because, they are incurred at different rates in the process of production.
Some materials may be incurred all at the
Total variable cost
Total fixed cost
Variable cost per
Fixed cost per unit
a. $. 40
Chapter 21 D.Q.
1.) Unit variable cost stay the same with any changes in the level of activity. While total
variable cost vary in direct relation to any changes in the level of activity.
2.) A. If fixed cost increase there will not be an impact of the con
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