Questions from Cost Accounting

Q: a. Distinguish between defined benefit pension plans and defined contribution pension

a. Distinguish between defined benefit pension plans and defined contribution pension plans. b. Distinguish between contributory and noncontributory pension plans.

Q: What are the two alternatives for accounting for the fringe benefits of

What are the two alternatives for accounting for the fringe benefits of direct laborers?

Q: The general ledger of Smokey Mountain Mfg., Inc., showed the

The general ledger of Smokey Mountain Mfg., Inc., showed the following credit balances on January 15: FICA Tax Payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Q: What is the difference between direct and indirect labor?

What is the difference between direct and indirect labor?

Q: Briefly stated, what are the advantages and disadvantages of (a

Briefly stated, what are the advantages and disadvantages of (a) the hourly rate wage plan and (b) the piece-rate wage plan?

Q: How does the just-in-time approach to production differ

How does the just-in-time approach to production differ from the traditional approach?

Q: What purpose do digital records and remote computer terminals serve in a

What purpose do digital records and remote computer terminals serve in a payroll system?

Q: What would be the appropriate basis for distributing the costs of each

What would be the appropriate basis for distributing the costs of each of the following service departments to the user departments? a. Building maintenance b. Inspection and packing c. Machine repair...

Q: A manufacturing company has two service and two production departments. Building

A manufacturing company has two service and two production departments. Building Maintenance and Factory Office are the service departments. The production departments are Assembly and Machining. The...

Q: a. If the direct labor cost method is used in applying

a. If the direct labor cost method is used in applying factory overhead and the predetermined rate is 100%, what amount should be charged to Job 2010 for factory overhead? Assume that direct materials...