Accounting

Assessment 3 Part 3 Assessment 3 Part 3: Quality Improvement Scenario: Bonded Fencing, Inc., produces metal gates in two processes: shaping, in which metal is bent to the correct shape, and fastening, in which the bent metal pieces are welded into gates. The shaping process has a capacity of 11,000 units per year; welding has […]

Management has seen your numbers and wants an explanation for the discrepancy between the product costs using direct labor-hours as the allocation base and the product costs using activity-based costing. Write a brief response to management REQUIRED Answers 1. Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs

Compute the production costs for each product for January using direct labor-hours as the allocation base and the predetermined rate computed in requirement (1). REQUIRED Answers 1. Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. Also compute a

compute a predetermined rate for year 2 using direct labor-hours as the allocation base. REQUIRED Answers 1. Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. Also compute a predetermined rate for year 2 using direct labor-hours as the

Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. REQUIRED Answers 1. Compute a predetermined overhead rate for year 2 for each cost driver using the estimated costs and estimated cost driver units prepared by the consultant. Also compute

Assessment 3 Part 2 Assessment 3 Part 2: Activity-Based Costing and Predetermined Overhead Allocation Rates Scenario: Bath Fixtures Supply, Inc. (BFSI), manufactures three types of fixtures: industrial, standard, and brass. It applies all indirect costs according to a predetermined rate based on direct labor-hours. A consultant recently suggested that the company switch to an activity-based

Assessment 3 Part 1 Assessment 3 Part 1: Prepare a Production Cost Report: FIFO Method Scenario Lamar, Inc. provides the following information for one of its department’s operations for May (no new material is added in Department T): WIP inventory—Department T Beginning inventory (16,500 units, 60 percent complete with respect to Department T costs) Transferred-in

What total amount of overhead was applied to jobs during September? Assessment 2 Part 3: Analysis of Overhead Using a Predetermined Rate Scenario: Atchison Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared

How much of factory overhead cost was applied to Job 6025 during September? Assessment 2 Part 3: Analysis of Overhead Using a Predetermined Rate Scenario: Atchison Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The

Compute the total cost of Job 6023 when it is finished Assessment 2 Part 3: Analysis of Overhead Using a Predetermined Rate Scenario: Atchison Company uses a job costing accounting system for its production costs. The company uses a predetermined overhead rate based on direct labor-hours to apply overhead to individual jobs. The company prepared