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ACG 3073 Success Begins / snaptutorial.com

Brief Exercises 1-4<br>Exercise 5-7<br><br>

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ACG 3073 Success Begins / snaptutorial.com

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  1. ACG 3073 Week 1 Individual Work For more classes visit www.snaptutorial.com Brief Exercises 1-4 Exercise 5-7 ********************************************************** ACG 3073 Week 2 Individual Work For more classes visit www.snaptutorial.com BRIEF Exercises 3 Cases

  2. JIT Implementation, Financial Statements LO2, 5 Manufacturing Costs versus Nonmanufacturing Costs, Income Statements LO3, 5 ********************************************************** ACG 3073 Week 3 Individual Work For more classes visit www.snaptutorial.com Job vs. Process Costing Product (service) costing systems are customized to provide accurate and timely cost data. A company should select a costing system that is appropriate for its production process. The following is a list of different organizations and selected products or services they provide. Indicate whether each of the preceding organizations would most likely choose job costing or process costing.

  3. Job Costing Love’s Pottery Barn had the following costs for June: Direct Labor $400 Manufacturing Overhead $375 Beginning work in process $0 Ending work in process $0 Costs of goods manufactured $1,050 Beginning finished goods $2,450 Ending finished goods $3,400 What was the cost of direct material used during June? Direct Labor vs. Indirect Labor Jim Wilson is a typical manufacturing employee who commonly works 40 hours per week and is paid $14 per hour. During the last pay period, Jim performed the the following activities: Assembling products 29.5 hours Cleaning his work area 5.0 hours Attending a workplace safety meeting 2.5 hours

  4. Talking with a supervisor about football 1.0 hours Giving a tour of the plant to schoolchildren 2.0 hours Jim’s employer uses job costing to measure and track production costs. The company is very concerned with maintaining accurate cost data. Determine the amount of labor costs that should be allocated to direct labor and indirect labor as manufacturing overhead. Walter Meyer Productions had the following costs for March: Purchases of direct materials $30,000 Indirect Labor $20,000 Ending direct materials inventory $10,000 Beginning direct materials inventory $0 Total manufacturing costs $115,000 Direct Labor $25,000 How much manufacturing overhead was incurred during March? Identification of Cost Drivers

  5. Overhead costs are rarely directly linked to the production of a specific product or group of products. Generally, overhead costs are only indirectly linked to production, so they must be allocated. Understanding the relationship between overhead costs and production activities is challenging for most businesses. Consider the following: Overhead Costs, Cost Pools, Cost Drivers The following statements describe various aspects of overhead costs and the roles of cost pools and cost drivers in the allocation of overhead. Case 44 ********************************************************** ACG 3073 Week 4 Individual Work For more classes visit www.snaptutorial.com

  6. Problems: Traditional vs. ABC Cases: Decision Focus: ABC ********************************************************** ACG 3073 Week 6 Individual Work For more classes visit www.snaptutorial.com Problems: CVP and Break- Even Analysis Break- Even and Target Profit Decision Focus: Break- Even and Target Profit Cases: Break- Even and Target Profit Analysis **********************************************************

  7. ACG 3073 Week 7 Individual Work For more classes visit www.snaptutorial.com ACG 3073 Week 7 Individual Work ********************************************************** ACG 3073 Week 8 Individual Work For more classes visit www.snaptutorial.com ACG 3073 Week 8 Individual Work Problem 21

  8. Problem 23 Problem 28 Case 30 ********************************************************** ACG 3073 Week 9 Individual Work For more classes visit www.snaptutorial.com ACG 3073 Week 9 Individual Work Problem 24 Problem 27 Problem 32 **********************************************************

  9. ACG 3073 Week 10 Individual Work For more classes visit www.snaptutorial.com ACG 3073 Week 10 Individual Work Exercise 10-15 Exercise 10-16 Problem 20 Problem 23 ********************************************************** ACG 3073 Week 12 Individual Work For more classes visit www.snaptutorial.com

  10. ACG 3073 Week 12 Individual Work Pages 279-281, Problems 15, 16, and 18 Pages 296-297, Problem 14 **********************************************************

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