Questions from Managerial Accounting

Q: In December, Davis Company had the following cost flows:

In December, Davis Company had the following cost flows: Required: 1. Prepare the journal entries to transfer costs from (a) Molding to Grinding, (b) Grinding to Finishing, and (c) Finishing to Fini...

Q: Consider the following independent jobs. Overhead is applied in Department 1

Consider the following independent jobs. Overhead is applied in Department 1 at the rate of $6 per direct labor hour. Overhead is applied in Department 2 at the rate of $8 per machine hour. Direct lab...

Q: Roseler Company uses a normal job-order costing system. The

Roseler Company uses a normal job-order costing system. The company has two departments through which most jobs pass. Overhead is applied using a plant wide overhead rate of $10 per direct labor hour....

Q: Ensign Landscape Design designs landscape plans and plants the material for clients

Ensign Landscape Design designs landscape plans and plants the material for clients. On April 1, there were three jobs in process, Jobs 39, 40, and 41. During April, two more jobs were started, Jobs 4...

Q: Yurman Inc. uses a job-order costing system. During

Yurman Inc. uses a job-order costing system. During the month of May, the following transactions occurred: a. Purchased materials on account for $29,670. b. Requisitioned materials totaling $24,500 fo...

Q: Stevenson Company is divided into two operating divisions: Battery and Small

Stevenson Company is divided into two operating divisions: Battery and Small Motors. The company allocates power and general factory costs to each operating division using the direct method. Power cos...

Q: Stevenson Company is divided into two operating divisions: Battery and Small

Stevenson Company is divided into two operating divisions: Battery and Small Motors. The company allocates power and general factory costs to each operating division using the direct method. Power cos...

Q: Byford Inc. produces a product that passes through two processes.

Byford Inc. produces a product that passes through two processes. During November, equivalent units were calculated using the weighted average method: Units completed ………………………………………………………………………………....

Q: Loran Inc. had the following equivalent units schedule and cost for

Loran Inc. had the following equivalent units schedule and cost for its fabrication department during September: Required: 1. Calculate the unit cost for materials, for conversion, and in total for...

Q: Drysdale Dairy produces a variety of dairy products. In Department 12

Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred in from Department 6) and other materials (sugar and flavorings) are mixed at the beginning of the process and...