Interviewing and hiring new personnel. Machine forming sheet steel into appliance parts. Manually assembling parts into appliances. Training all employees of the company. Insuring all tangible fixed assets. Maintaining and repairing machinery and equipment.
Painting and packaging finished appliances. Having analyzed its Mesa plant operations for purposes of installing activity-based costing, Wilmington, Inc. It now needs to identify relevant activity cost drivers in order to assign overhead costs to its products. Number of engineering change orders; hours of designing. Number of orders processed. File name E Wilmington, Inc. Con-Aggie Manufacturing Company is studying the. P Con-Aggie Manufacturing Company is studying the results of applying factory overhead to production.
The following data have been used: Compute the predetermined rate, based on the following: Using each of the methods, compute the estimated total cost of each job at the end of the month. Determine the under- or overapplied factory overhead, in total, at the end of the month under each of the methods. Which method would you recommend, and why?
Direct labor cost rate. File name P Con-Aggie Manufacturing. Cake Products Inc, is divided into five departments, mixing, blending,. P Cake Products Inc, is divided into five departments, mixing, blending, finishing, factory office and building maintenance.
The first three departments are engaged in production work. Factory Office and Building Maintenance are service departments. During the month of June, the following factory overhead was incurred for the various departments: The bases for distributing service department expenses to the other departments follow: Bank service charge Deposits in transit Prepare bank reconciliation and adjusting entries.
What is the proper adjusted cash balance per bank? What is the proper adjusted cash balance per books? Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding. Chavez Company most recently reconciled its bank statement and book balances of cash on August 31 and it reported two checks outstanding, No.
The following information is available for its September 30, , reconciliation. The NSF check shown in the statement was originally received from a customer, S. Nilson, in payment of her account. Its return has not yet been recorded by the company. The collection and fee are not yet recorded. Prepare the September 30, , bank reconciliation for this company. To record interest earned.
Condensed balance sheet and income statement data for Sadecki Corporation are presented here and following. Compute these values and ratios for and Round Earnings per share to 2 decimal places, e.
If answer is negative enter it with a negative sign preceding the number e. Research and Application graded. Go to page and read Case , Ethics and the Manager: Understanding the Impact of Percentage Completion on Profit. Thad Kostowski and Carol Lee are production managers in the Appliances Division of Mesger Corporation, which has several dozen plants scattered in locations throughout the world.
The bonus is determined in March after the company's annual report has been prepared and issued to stockholders. Late in February, Carol received a phone call from Thad that went like this: How's it going, Carol?
How's it going with you? All we have to do is to pull a few strings, and we'll be over the top! What do you mean? Well, one thing that would be easy to change is your estimate of the percentage completion of your ending work in process inventories. I don't know if I should do that, Thad. Those percentage completion numbers are supplied by Jean Jackson, my lead supervisor.
I have always trusted her to provide us with good estimates. Besides, I have already sent the percentage completion figures to the corporate headquarters. You can always tell them there was a mistake. Think about it, Carol. All of us managers are doing as much as we can to pull this bonus out of the hat.
You may not want the bonus check, but the rest of us sure could use it. The final processing department in Carol's production facility began the year with no work in process inventories. During the year, , units were transferred in from the prior processing department and , units were completed and sold.
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24 The accumulation of accounting data on the basis of the individual manager who has the authority to make day-to-day decisions about activities in an area is called static reporting. master budgeting.
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