managerial accounting 16th ed textbook solutions manual chapter 03
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managerial accounting 16th ed textbook solutions manual chapter 03
Chapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 d. It is calculated within a schedule of cost of goods manufactured and then it plugs into the schedule of cost of goods sold to enable calculating the cost of goods available for sale.3-2 . The Manufacturing Overhead clearing account is credited when overhead cost is applied to Work in Process. The managerial accounting 16th ed textbook solutions manual chapter 03 applied overhead cost for the period will probably not equal the actual overhead cost because overhead application relies on a.predetermined overheadmanagerial accounting 16th ed textbook solutions manual chapter 03
rate that is based on estimates made at the beginning of the period.3-3 Underapplied overhead occurs when the actual overhead cost exceeds the amountChapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 amount of. overhead cost applied to Work in Process.inventory during the period. Underapplied or pverapplied overhead is. disposed of by either closing out the amount to Cost of Goods Sold or by allocating the amount among Cost of Goods Sold and ending Work in Process and Finished Goods inventories managerial accounting 16th ed textbook solutions manual chapter 03 in , proportion to the applied overhead© The McGraw-Hill Companies, Inc.,in each account. The adjustment for underapplied overhead increases Cost of Gmanagerial accounting 16th ed textbook solutions manual chapter 03
oods Sold (and the two inventories) whereas the adjustment for overapplied overhead decreases Cost of Goods Sold (and the two inventories).3-4 ManufacChapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 al amount of the allocation base may be less.than estimated at the beginning of the period. In this situation, the amount of overhead applied to inventory will be less than the actual overhead cost incurred.3-5 Underapplied overhead implies that nọt enough overhead was assigned to jobs during the . managerial accounting 16th ed textbook solutions manual chapter 03 period. Thus, cost of goods sold is understated so we add underapplied overhead to cost of goods sold. On the other hand overapplied overhead is deducmanagerial accounting 16th ed textbook solutions manual chapter 03
ted from cost of goods sold.3-6 The raw materials usedin production js calculated by taking the beginning raw materials inventory plus raw material puChapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 ument IS available free of charge onDownloaded by Pham Quang Huy (etxx>K4youmanagerial accounting 16th ed textbook solutions manual chapter 03
des the raw materials used production, the direct labor cost added to production, and the. manufacturing overhead applied to production) plus.the begiChapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 y plus the cost or goods, manufactured equals the cost of goods available for sale. From this amount, subtract the ending finished goods,inventory to derive the unadjusted cost of goods sold.3-10 Direct labor costs are added to Work in Process as goods are being manufactured, Once goods are complete managerial accounting 16th ed textbook solutions manual chapter 03 d, their manufacturing costs (including.direct labor) are transferred to Finished Goods.Once goods are sold to customers their manufacturing costs (inmanagerial accounting 16th ed textbook solutions manual chapter 03
cluding direct labor) are transferred to Cost of Goods Sold.© The McGraw-Hill Companies, Inc., 20122Managerial Accounting, 14th editionDownloaded by PChapter 3Job-Order Costing: Cost Flows and External ReportingQuestions3-1 The link that connects these two schedules is the cost of goods manufactured managerial accounting 16th ed textbook solutions manual chapter 03 uũun baseMachine hoursestimated manufacturing overhead cost$3(XJ.Gọi ngay
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