Demonstration problem barfield raiborn kinney cost accounting 8 doc
Demonstration problem barfield raiborn kinney cost accounting_1 docx
... 89 )
direct labor (p. 78)
direct material (p. 78)
distribution cost (p. 78)
expected capacity (p. 100)
expired cost (p. 77)
fixed cost (p. 85 )
high-low method (p. 88 )
historical cost (p. 98)
independent ... mathematically “fit” the data.
$770 ,89 8.53
ᎏᎏ
21,914,410.29
11 ,80 7 ,80 0 Ϫ 7(6,2 28. 57)($253.14)
ᎏᎏᎏᎏ
293, 480 ,000 Ϫ 7(6,2 28. 57)(6,2 28. 57)
Chapter 3 Organization...
Demonstration problem barfield raiborn kinney cost accounting_2 ppt
... 409,000 Direct Labor $ 382 ,413 317, 086 317, 188
Project Costing 48, 000 # of Timesheet Entries 6,000 3 ,80 0 3,500
Accounts Payable/Receiving 139,000 # of Vendor Invoices 1,020 85 0 400
Accounts Receivable ... 80 0 to 1 ,80 0 percent of the direct labor costs. This
process resulted in 90 to 95 percent of all costs being allocated on a “mere 5–10
percent (i.e., direct labor costs) of the...
Demonstration problem barfield raiborn kinney cost accounting_3 docx
... follows:
Job # 78 8 ,84 0 hours $ 88 ,400
Job #82 11,650 hours 116,500
Job #86 11, 980 hours 119 ,80 0
Indirect wages 32,500
30 Applied overhead for the second half of the month to jobs.
Chapter 5 Job Order Costing
205
Part ... 179)
job order costing system (p. 174)
material requisition form (p. 1 78)
process costing system (p. 174)
standard cost system (p. 188 )
variance (p. 188 )
Basic...
Demonstration problem barfield raiborn kinney cost accounting_4 doc
... 546,000 325,500
Total costs $1,037,0 28 $663, 780 $373,2 48
Divided by EUP 11,100 10 ,80 0
Cost per WA EUP $94.36 $59 .80 $34.56
COST ASSIGNMENT
Transferred (9,500 ϫ $94.36) $ 89 6,420
Ending inventory:
Material ... 57,000
To remove cost of abnormal spoilage from Work in
Process Inventory account.
COST DATA
Total Material Conversion
Beginning inventory costs $ 165,5 28 $117, 780...
Demonstration problem barfield raiborn kinney cost accounting_5 docx
... of the process.
COSTS
Material Conversion Total
Beginning inventory $ 30,000 $ 3,600 $ 33,600
Current period 88 5,120 335, 088 1,220,2 08
Total costs $915,120 $3 38, 688 $1,253 ,80 8
UNITS
Beginning ... Methods of Product Costing
316
EXHIBIT 8 7
Relationships among Quality
Costs
Costs in Dollars
Number of Defects
External
Failure
Costs
Internal
Failure
Costs
Prevention
Costs
Appraisal
Cost...
Demonstration problem barfield raiborn kinney cost accounting_6 docx
... Decimal Joint Amount Cost
Product Tons Value per Ton Value Fraction Cost Allocated per Ton
Steaks 3 ,80 0 $2,600 $ 9 ,88 0,000 0.57 $5,400,000 $3,0 78, 000 $81 0.00
Roasts 2,400 1,700 4, 080 ,000 0.24 5,400,000 ... valued at FIFO costs $252,762 $ 184 ,767 $149,556
a
($ 186 ,000 Ϭ 2,006 tons) ϩ $81 0.00 allocated joint cost ϭ $902.72
b
($122,000 Ϭ 1,240 tons) ϩ $517.50 allocated joint c...
Demonstration problem barfield raiborn kinney cost accounting_7 ppt
... 42,000
$86 ,100 $84 ,000
$2,100 U
MQV
c. & d. AR ϭ $10, 988 .25 Ϭ 682 .5 hours ϭ $16.10 per hour
SQ ϭ 525 ϫ 1.25 hours ϭ 656.25 hours
AP ϫ AQ SP ϫ AQ SP ϫ SQ
$16.10 ϫ 682 .5 $16 ϫ 682 .5 $16 ϫ 656.25
$10, 988 .25 ... and
oysters was 28. 5, 45.5, and 26.0 percent, respectively:
Crab (2, 285 .7 pounds out of 8, 020) ϭ 28. 5%
Shrimp (3,649.1 pounds out of 8, 020) ϭ 45.5%
Oysters (2, 085 ....
Demonstration problem barfield raiborn kinney cost accounting_8 doc
... Margin $ 52, 380 $ 46,6 08 $ 58, 152 $157,140
Operating Expenses
Selling and administrative (9,540) (8, 820) (10,260) ( 28, 620)
Income before Tax $ 42 ,84 0 $ 37, 788 $ 47 ,89 2 $1 28, 520
VARIABLE COSTING PRESENTATION
2000 ... ( 18, 360) $ ( 18, 360) $ ( 18, 360) $ (55, 080 )
Income before Tax $ 42 ,84 0 $ 36,720 $ 48, 960 $1 28, 520
Differences in Income before Tax $ 0 $ 1,0 68 $ (1,0 68...
Demonstration problem barfield raiborn kinney cost accounting_9 ppt
... labor 330 500 83 0
Factory overhead 220 350 570
Fixed factory overhead 350 450 80 0
Fixed regional promotion costs 50 50 100
Allocated home office costs 55 100 155
Total costs $1, 280 $1,950 $3,230
Operating ... relevant cost? Why are future costs not always
relevant? Are all relevant costs found in accounting records? Explain.
3. What is an opportunity cost? In an outsourcing decision,...
Demonstration problem barfield raiborn kinney cost accounting_10 pdf
... 945,000
EDP consulting 421 ,87 5 421 ,87 5 421 ,87 5 1,265,625
Total $ 736 ,87 5 $ 736 ,87 5 $ 736 ,87 5 $ 2,210,625
Other revenue 10,000 10,000 10,000 30,000
Total $ 746 ,87 5 $ 746 ,87 5 $ 746 ,87 5 $ 2,240,625
Expenses:
Consultant ... units 78, 575 70,670 73,455 222,700
ϫ Ounces needed per unit ϫ 4 ϫ 4 ϫ 4 ϫ 4
ϭ Total ounces to be purchased 314,300 282 , 680 293 ,82 0 89 0 ,80 0
ϫ Price p...