ACC 349 Cost Accounting WEEK 2 ASSIGNMENT

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Resource: WileyPLUS

 Complete the following Week Two Assignment in WileyPLUS:

 

  • Exercise E2-6
  • Exercise E2-9
  • Exercise E3-5
  • Exercise E3-9

E2-6

  1. What are the source documents for direct materials, direct labor, and manufacturing overhead costs assigned to this job?

  2. What is the predetermined manufacturing overhead rate? (Round answer to 0 decimal  places, e.g. 135.)

3. What are the total cost and the unit cost of the completed job? (Round unit cost to 2 decimal places, e.g. 10.50.)

Prepare the entry to record the completion of the job.

E2-9

Prepare a condensed cost of goods manufactured schedule. (List amounts from largest to smallest e.g. 10, 5, 3, 2. Enter all amounts as positive amounts and subtract where necessary.)

Prepare an income statement for May through gross profit. (Enter all amounts as positive amounts and subtract where necessary.)

Indicate the balance sheet presentation of the manufacturing inventories at May 31, 2011.

E3-5

Compute the physical units for January and May. (If answer is zero, please enter 0. Do not leave any fields blank.)

Compute the equivalent units of production for (1) materials and (2) conversion costs for each month.

E3-9

Compute equivalent units of production for materials and for conversion costs.

Determine the unit costs of production. (Round answer to 2 decimal places, e.g. 10.50.)

Show the assignment of costs to units transferred out and in process. (Use rounded amount from part (b) for successive calculations.)

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    ACC 349 Cost Accounting WEEK 2 ASSIGNMENT
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