54
CHAPTER 2 Job Order Costing ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Question s Brief Exercises Do It! Exercises A Problems 1. Describe cost systems and the flow of costs in a job order system. 1, 2, 3, 4, 5, 6, 7, 8 1, 2 1 1, 2, 3, 4, 6, 7, 8, 9, 11 1A, 2A, 3A, 5A 2. Use a job cost sheet to assign costs to work in process. 9, 10, 11, 12 3, 4, 5 2 1, 2, 3, 6, 7, 8, 10, 12 1A, 2A, 3A, 5A 3. Demonstrate how to determine and use the predetermined overhead rate. 13, 14, 15 6, 7 3 2, 3, 5, 6, 7, 8, 11, 12, 13 1A, 2A, 3A, 4A, 5A 4. Prepare entries for manufacturing and service jobs completed and sold. 16 8, 9 4 2, 3, 6, 7, 8, 10, 11, 12 1A, 2A, 3A, 5A 5. Distinguish between under- and overapplied manufacturing overhead. 17, 18 10 5 4, 5, 9, 13 1A, 2A, 3A, 4A, 5A *You can buy complete chapters by: Www.TestbankU.com Contact Us: [email protected]

ch02 SM

Embed Size (px)

DESCRIPTION

Accounting

Citation preview

CHAPTER 2Job Order CostingASSIGNMENT CLASSIFICATION TABLELearning Objeti!es "#estionsBrie$E%erises &o It' E%erisesAProb(e)s1. Describe cost systems and the flow of costs in a job order system.1, 2, 3, 4, 5, 6, 7, 81, 2 1 1, 2, 3, 4, 6, 7, 8, 9, 111, 2, 3, 52. !se a job cost sheet to assi"n costs to wor# in $rocess.9, 1%, 11, 12 3, 4, 5 2 1, 2, 3, 6, 7, 8, 1%, 121, 2, 3, 53. Demonstrate how to determine and &se the $redetermined o'erhead rate.13, 14, 15 6, 7 3 2, 3, 5, 6, 7, 8, 11, 12, 131, 2, 3, 4, 54. (re$are entries for man&fact&rin" and ser'ice jobs com$leted and sold.16 8, 9 4 2, 3, 6, 7, 8, 1%, 11, 121, 2, 3, 55. Distin"&ish between &nder) and o'era$$lied man&fact&rin" o'erhead.17, 18 1% 5 4, 5, 9, 13 1, 2, 3, 4, 5 *You can buy complete chapters by:Www.TestbankU.comContact Us: [email protected] CHARACTERISTICS TABLEProb(e)N#)ber &esri*tion&i$$i#(t+Le!e(Ti)eA((otted ,)in-.1 (re$are entries in a job order cost system and job cost sheets.*im$le 3%4%2 (re$are entries in a job order cost system and $artial income statement.+oderate 3%4%3 (re$are entries in a job order cost system and cost of "oods man&fact&red sched&le.*im$le 3%4%4 ,om$&te $redetermined o'erhead rates, a$$ly o'erhead, and calc&late &nder) or o'era$$lied o'erhead.*im$le 2%3%5 naly-e man&fact&rin" acco&nts and determine missin" amo&nts.,om$le. 3%4%

*You can buy complete chapters by:Www.TestbankU.comContact Us: [email protected]/S TA0ONOM1 TABLE*You can buy complete chapters by: Www.TestbankU.com Contact Us: [email protected](ation C2art bet3een B(oo)/s Ta%ono)+4 Learning Objeti!es and End5o$5C2a*ter E%erises and Prob(e)sLearning Objeti!e 6no3(edge Co)*re2ension A**(iation Ana(+sis S+nt2esis E!a(#ation7- &esribe ost s+ste)s and t2e $(o3 o$ osts in a job order s+ste)-"258"259"25:"257"25;"252 "25"257ABE25=BE25;BE258&I252E257E252E25=E254AAA.------------------- 7A4AAASa(es Re!en#e----------------------------------------------------------- >A4AAA,To reord sa(e o$ Job =72.Cost o$ Goods So(d------------------------------------------------------------ 8A4AAAFinis2ed Goods In!entor+------------------------------------------ 8A4AAA,To reord ost o$ goods so(d $or Job =72.&O IT' 258Man#$at#ring o!er2ead a**(ied K 7=AD 0 E:84AAA K E77A48AA?ndera**(ied )an#$at#ring o!er2ead K E7784AAA L E77A48AA K E;48AA *You can buy complete chapters by:Www.TestbankU.comContact Us: [email protected]?TIONS TO E0ERCISESE0ERCISE 257,a. Fator+ Labor----------------------------------------------------------- >A4AAAFator+ Bages Pa+ab(e----------------------------------- 9AA 0 442AA 24;AA ;4:AA *You can buy complete chapters by:Www.TestbankU.comContact Us: [email protected] 2577,a.7- S#**(ies--------------------------------------------- 74:AAAo#nts Pa+ab(e---------------------- 74:AA2- Ser!ie Contrats in Proess----------- 92AO*erating O!er2ead-------------------------- ;:AS#**(ies-------------------------------------- 742AA=- Ser!ie Contrats in Proess----------- 84AAA,g.Finis2edGoods In!entor+Beginning ba(aneCost o$ o)*(eted jobs 8A and 87 >A4AAA 74AAA Cost o$ jobs ;> and 8A so(dEnding ba(ane>;4AAA T2e ba(ane in t2is ao#nt onsists o$ t2e ost o$ o)*(eted Job No- 8732i2 2as not +et been so(d-,2. Man#$at#ring O!er2eadAt#a(