Cost Accounting Traditions And Innovations - Chapter 5 pdf

... Overhead Total Cost 167 $ 17,703 $ 6,920 $ 7,960 $ 32 ,58 3 169 54 ,936 7,240 8,328 70 ,50 4 170 1,218 2,000 2,300 5, 518 171 154 ,2 15 28 ,50 0 43,700 226,4 15 172 28,8 45 2,200 2 ,53 2 33 ,57 7 To explain ... direct material cost assigned to Job #51 5 was $30,900 and direct labor cost associ- ated with Job #51 5 was $47 ,52 0. The firm uses a predetermined overhead rate of 60 p...

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... EUP 51 0,000 52 2,600 Current period cost per EUP $1 .50 $0. 85 $0. 65 COST ASSIGNMENT Transferred Beginning inventory costs $59 ,802 Cost to complete: Conversion ( 15, 000 ϫ $0. 65) 9, 750 $ 69 ,55 2 Started ... accounted for 8, 750 FIFO EUP 8, 650 8 ,59 5 8,640 COST DATA Total BWIP costs $ 2,301 Current period costs 2 25, 641 $188 ,57 0 $ 15, 471 $21,600 Total costs $227,942 Di...

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... Sold (5) 2 ,58 3,900 Sales (5) 4, 455 ,000 Year Quantity Selling Price Year Quantity Selling Price 1 100,000 $2 .50 5 600,000 $2.00 2 250 ,000 2.40 6 450 ,000 2.00 3 350 ,000 2.30 7 200,000 1.90 4 50 0,000 ... a Change,” Management Accounting (February 1990), p. 34. What is the just-in-time philosophy and how does it affect production and accounting? just-in-time kanban just-in-t...

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... N.M. The 53 -year-old Mr. Couder instituted a cost- cutting campaign almost immediately upon arriving from his Paris home. “You must lead by example,” he says. Seek- ing to achieve the 50 % cost cuts, ... empowerment, and the presence of trust be- tween employees and managers. In small firms, employees can more easily un- derstand how their contributions influence the bottom-line per...

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... all cost information is Chapter 1 Introduction to Cost and Management Accounting in a Global Business Environment 5 How do financial and management accounting relate to each other? 1 How does cost ... financial accounting information is useful to managers in performing their daily functions. Cost accounting creates an overlap between financial accounting and man- a...

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... are used to measure and evaluate the decision maker’s performance. Techniques such as relevant costing, quality cost management, job order and process costing, and cost- volume-profit analysis, ... 248% Computers 47 259 55 1% Grocery stores 85 143 168% Hotels and motels 21 51 243% Mining 80 102 128% Petroleum refining 2 65 710 268% Pharmaceuticals 66 270 409% Plastics 59 141 2...

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... overhead costs: Variable $14, 250 $28 ,50 0 $42, 750 Fixed 6, 150 6, 150 6, 150 Total $20,400 $34, 650 $48,900 Each pool is estimated to require 50 0 machine hours in Production and 250 hours of direct labor ... distribution costs are expensed as incurred, managers should remember that these costs relate directly to products and services and should not adopt an “out-of-sight, out-of...

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... $50 .00 $ 250 ,000 $ 45. 00 $67 ,50 0 $40.00 $4,200,000 $4 ,51 7 ,50 0 Product costs Direct $20.00 100,000 $20.00 $30,000 $ 9.00 $ 9 45, 000 OH per MH 13 .50 67 ,50 0 13 .50 20, 250 13 .50 1,417 ,50 0 Total $33 .50 ... 1,417 ,50 0 Total $33 .50 $167 ,50 0 $33 .50 $50 , 250 $22 .50 $2,362 ,50 0 (2 ,58 0, 250 ) Net income $ 82 ,50 0 $17, 250 $1,837 ,50 0 $1,937, 250 PRODUCT C PRODUCT D PRODUCT...

Ngày tải lên: 02/07/2014, 22:21

... 16, 250 15, 6 25 Cost per FIFO EUP $8.60 $7. 25 $1. 35 COST ASSIGNMENT Transferred (13,200 ϫ $8.60) $113 ,52 0 Ending inventory: Material (2 ,50 0 ϫ $7. 25) $18,1 25 Conversion (1,8 75 ϫ $1. 35) 2 ,53 1 20, 656 Abnormal ... 17,000 16, 250 15, 6 25 COST DATA Total Material Conversion Beginning inventory costs $ 16,620 $ 15, 000 $ 1,620 Current costs 122,1 75 102, 750 19,4 25 Tot...

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... value-added (VA) and non-value-added (NVA) cate- gories. Value-added activities increase the worth of the product or service to the customer; non-value-added activities consume time and costs ... equipment 1 ,50 0 1,200 ϩ 25 1 ,50 0 0 Total $ 8,700 $ 9,100 Ϫ4 $ 9,200 5 Internal Failure Costs Reworking products $ 8 ,50 0 $ 8,300 ϩ0.2 N/A* Scrap and waste 2,200 2,400 Ϫ8N/A Storing and...

Ngày tải lên: 02/07/2014, 22:21