Questions from Cost Accounting

Q: Job 401k required $5,000 for direct materials, $

Job 401k required $5,000 for direct materials, $2,000 for direct labor, 200 direct labor hours, 100 machine hours, two setups, and three design changes. The cost pools and overhead rates for each pool...

Q: Match each of the following cost pools with the most appropriate cost

Match each of the following cost pools with the most appropriate cost allocation base and determine the overhead rates: Cost Pool Amount Assembly support . . . . . . . . . . . . . . . . . . . . . . ....

Q: The books of Prestige Products Company revealed that the following general journal

The books of Prestige Products Company revealed that the following general journal entry had been made at the end of the current accounting period: Factory Overhead . . . . . . . . . . . . . . . . . ....

Q: The payroll records of XU Corporation for the week ending October 7

The payroll records of XU Corporation for the week ending October 7, the fortieth week in the year, show the following: Required: 1. Complete a work sheet with the following column headings: Employee...

Q: The general ledger of Stephens Products, Inc. contains the following

The general ledger of Stephens Products, Inc. contains the following control account: If the materials charged to the one uncompleted job still in process amounted to $3,400, what amount of labor and...

Q: The following form represents an account taken from the general ledger of

The following form represents an account taken from the general ledger of Brodsky Costumes Company: Answer the following questions: a. What is the title of the account? b. Is this a departmentalized f...

Q: ETA Company had a remaining credit balance of $20,000

ETA Company had a remaining credit balance of $20,000 in its under- and overapplied factory overhead account at year-end. The balance was deemed to be large and, therefore, should be closed to Work in...

Q: What is the difference between throughput time and velocity?

What is the difference between throughput time and velocity?

Q: Classify each of the following items of factory overhead as either a

Classify each of the following items of factory overhead as either a fixed or a variable cost. (Include any costs that you consider to be semivariable within the variable category. Remember that varia...

Q: Copper Mountain Company has accumulated the following data over a six-

Copper Mountain Company has accumulated the following data over a six-month period: Separate the indirect labor into its fixed and variable components, using the high-low method.