Cost Accounting Traditions And Innovations - Chapter 6 pdf

... 3,755 $ 69 0 $ 250 Current period costs 191 ,60 7 100,320 63 ,60 6 27 ,68 1 Total costs $1 96, 302 $104,075 $ 64 ,2 96 $27,931 Divided by EUP 9,050 8,930 9,010 Cost per EUP $21.80 $11.50 $7.20 $3.10 COST ASSIGNMENT Transferred ... 400 ASSEMBLY DEPARTMENT: COSTS Material Direct Labor Overhead Total Beginning inventory $ 3,755 $ 69 0 $ 250 $ 4 ,69 5 Current 100,320 63 ,60 6 27 ,68 1 1...

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... actual overhead costs, this chapter addresses a job order/normal cost sys- tem and describes some job order/standard cost combinations. 2 Part 2 Systems and Methods of Product Costing 1 76 2 Although ... April’s Cost of Goods Manufactured and Sold sched- ule showed cost of goods manufactured was $48,000, and the April 1 Finished Goods Inventory was $8,400. Chapter 5 Job O...

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... 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-time manufacturing system 6 16 Innovative ... 1992), p. 6. UNDERSTANDING AND MANAGING PRODUCTION ACTIVITIES AND COSTS Managing production activities and costs requires an understanding of product life cycles and th...

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... business travel management, and vacation allotments. Payroll: Handles accounting and preparation of checks to employees for salary and bonuses. Self-service HR: Lets workers select benefits and manage their ... 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 bott...

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... financial accounting information is useful to managers in performing their daily functions. Cost accounting creates an overlap between financial accounting and man- agement accounting. Cost accounting ... with its plans and goals. This chapter introduces cost accounting and describes the global environment of business, international market structures, trade agreements...

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... 270% Air transportation 67 166 248% Computers 47 259 551% Grocery stores 85 143 168 % Hotels and motels 21 51 243% Mining 80 102 128% Petroleum refining 265 710 268 % Pharmaceuticals 66 270 409% Plastics ... 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- volu...

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... unexpired costs (assets) and eq- uities (liabilities and owners’ capital); the income statement is a statement of rev- enues and expired costs (expenses and losses). The concept of matching revenues and ... 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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... multiple cost pools at a variety of levels (unit, batch, product, and organizational) and then allocates these costs using multiple cost dri- vers (both volume- and non-volume-related). Thus, costs ... their cost sys- tems and implement activity-based costing. Two-Step Allocation After being recorded in the general ledger and subledger accounts, costs are ac- cumulated in acti...

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... conversion) 6, 000 Total defective units 400 Beginning inventory cloth and stuffing cost $ 21,900 Beginning inventory conversion cost $ 7 ,68 0 June cloth and stuffing cost $315 ,60 0 June box cost $ 75, 460 June ... 6, 400 $ 1,232 $ 7 ,63 2 Current period 74,400 31, 768 1 06, 168 Total $80,800 $33,000 $113,800 Calculate the equivalent units schedule, prepare a FIFO cost of...

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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 ... 9 ,60 0 10,800 Ϫ11 15,000 Ϫ 36 Quality product design 16, 600 12,200 ϩ 36 16, 500 ϩ1 Total $ 50,100 $ 44,700 ϩ12 $ 56, 500 Ϫ11 Appraisal Costs Quality inspections $ 3,300 $ 3,500 6 $ 3,000 ϩ10...

Ngày tải lên: 02/07/2014, 22:21