管理会计英文版课后习题答案高等教育出版社chapter 5.docx

管理会计英文版课后习题答案高等教育出版社chapter 5.docx

《管理会计英文版课后习题答案高等教育出版社chapter 5.docx》由会员分享，可在线阅读，更多相关《管理会计英文版课后习题答案高等教育出版社chapter 5.docx（30页珍藏版）》请在冰豆网上搜索。

管理会计英文版课后习题答案高等教育出版社chapter5

管理会计（高等教育出版社）

于增彪（清华大学）改编

余绪缨（厦门大学）审校

CHAPTER5

job-ordercosting

questionsforwritinganddiscussion

1.Job-ordercostingaccumulatescostsbyjobs,andprocesscostingaccumulatescostsbyprocesses.Job-ordercostingissuitableforoperationsthatproducecustom-madeproductsthatreceivedifferentdosesofmanufacturingcosts.Processcosting,ontheotherhand,issuitableforoperationsthatproducehomogeneousproductsthatreceiveequaldosesofmanufacturingcostsineachprocess.

2.Costdriversarethosefactorsthatdriveorcausetheconsumptionofoverhead.Knowingwhatdrivesoverheadcostsallowsamoreaccurateassignmentofoverheadcoststojobs.

3.Thepredeterminedoverheadrateismultipliedbytheactualmeasureofthecostdriveronwhichtherateisbased.

4.Unitcost:

Directmaterials$7,500

Directlabor10,000

Overhead（$51,000）5,000

Total$22,500

Unitcost=$22,500/500=$45

5.Morepaperworkisrequired.Laborandmaterialsareassignedtodepartmentsinaprocess-costingsystem.Inajob-ordercostingsystem,laborandmaterialsmustbetrackedtoeachjob,requiringtimeticketsandmoreuseofmaterialsrequisitions.Additionally,ajob-ordercostingsystemrequiresaseparatejob-ordercostsheetforeachjob.

6.Job-ordercostingisappropriateformanyservicefirms.Thekeyfactoristhatdifferingamountsofresourcesmustbeusedfordifferentjobs.Examplesofservicefirmsthatusejob-ordercostingarelawfirms,accountingfirms,dentists,automobilerepair,andarchitecturalfirms.

7.Unlessallyourjobs（lawns）arethesamesizeandrequirethesameservices,youwillneedtouseajob-ordercostingsystem.Atminimum,youwillneedjob-ordercostsheetsforeachcustomer.Youwillneedlabortimeticketstorecordtheamountoftimespentoneachjob,bothtocostthejobandtopaytheindividualdoingthework.Amaterialsrequisitionformmaybeneedediffertilizerorweedcontrolproductsareused（alternatively,itmaybepossibletojustlisttheamountofproductuseddirectlyonthejob-ordercostsheet）.Themorecomplicatedyourbusinessbecomes（e.g.,mowing,trimming,fertilizing,trimmingshrubbery,andplantingshrubsandtrees）,themoresourcedocumentswillbeneededtokeeptrackoftime,materials,anduseofcapitalequipment（e.g.,trimmersandbrushhogs）.

8.Thecostofajobisoftenstronglyrelatedtothepricecharged.Logicallyenough,thehigherthecostofthejob,thehigherthepricechargedtothecustomer.Thisrelationshipmakessensenotonlytothebusinessbutalsotothecustomer.Bycomparingthecostoftheindividualjobwiththepricecharged,thefirmcandeterminetheprofitattributabletoeachjob.Then,thefirmcandecidewhethertheprofitissufficienttocontinueofferingtheproductorserviceunderthecurrentterms.

9.Theprincipaldifferencebetweenamanualandanautomatedjob-ordercostingsystemisthenatureoftherecords.Inanautomatedsystem,terminalscanbeusedtoinputdatadirectlytothejob,thuseliminatingtheneedformanyofthesourcedocumentssuchastimeticketsandrequisitionforms.Eveniftheseformsareusedandthedataareenteredonabatchbasis,thejob-ordercostsheethasbeenreplacedwithanelectronicrecord.Insteadofcabinetswithcollectionsofjob-ordercostsheets,filesarecollectionsofjobrecordslocatedondiskortape.

10.Materialsrequisitionformsserveasthesourcedocumentsforpostingmaterialsusageandcoststoindividualjobs.Timeorworkticketsserveasimilarfunctionforlabor.Predeterminedoverheadratesareusedtoassignoverheadcoststoindividualjobs.

Exercises

5–1

Job-OrderProcess

a.PaintmanufacturingX

b.AutomanufacturingX

c.ToymanufacturingX

d.CustomcabinetmakingX

e.AirplanemanufacturingX

f.PersonalcomputerassemblyX

g.FurnituremakingX

h.CustomfurnituremakingX

i.DentalservicesX

j.HospitalservicesX

k.PapermanufacturingX

l.AutorepairX

m.ArchitecturalservicesX

n.LandscapedesignservicesX

o.LightbulbmanufacturingX

5–2

1.Automanufacturing:

Ajob-orderexamplemightbeRollsRoyce,inwhichthecarsaremadetoorder.Aprocess-costingexamplemightbeFordMotorCompany.

2.Dentalservices:

Ajob-orderexamplemightbealocal,full-servicedentist.Aprocess-costingexamplemightbeadenturist（someonewhomakesonlydentures）.

3.Autorepair:

Ajob-orderexamplemightbealocalmechanicortheservicedepartmentofanautomobiledealership.Aprocess-costingexamplemightbeashopthatisdedicatedtooilchanges.

4.Costumemaking:

Ajob-orderexamplemightbealocalseamstresswhowillmakethecostumesforchildreninajuniorhighschoolplay.Aprocess-costingexamplemightbeafirmdedicatedtothemanufactureofdancecostumesthataresoldnationwide.Thedesignsarepreset.

5–3

1.OverheadappliedinAugust:

Job#214:

$1,800/$10=180$16=$2,880

Job#215:

$4,000/$10=400$16=$6,400

Job#216:

$150/$10=15$16=$240

Job#217:

$800/$10=80$16=$1,280

2.Job#214Job#215Job#216Job#217

Beginningbalance$13,400$9,670$0$0

Directmaterials2,2009,0001,5003,450

Directlabor1,8004,000150800

Appliedoverhead2,8806,4002401,280

Totalcost$20,280$29,070$1,890$5,530

3.EndingbalanceinWorkinProcess=Job#215+Job#216+Job#217

=$29,070+$1,890+$5,530=$36,490

4.CostofGoodsSold=Job#214=$20,280

PriceofJob#214=$20,280+（0.3）（$20,280）=$26,364

5.LaSallewouldonlyneedafinishedgoodsaccountifjobswerenotimmediatelysoldtocustomers.Forexample,ifashedwerebuiltonspec（speculatingthatitcouldbesold）,orifashedthatwaspreviouslycontractedforwasunacceptabletothecustomerandthecustomerrefusedtobuyit.Ingeneral,LaSallewouldmovefinishedjobsdirectlyfromworkinprocesstocostofgoodssold.

5–4

1.Overheadrate=$6,000/$8,000or$16,500/$22,000=0.75,or75%

（Notethatwemustgotothebeginningbalanceofthejobstoseetherelationshipbetweenappliedoverheadanddirectlaborcost.Eitherjobcouldbeused.）

2.OverheadappliedinOctober:

Job#276:

0.75$14,800=$11,100

Job#278:

0.75$12,000=$9,000

Job#279:

0.75$1,900=$1,425

Job#280:

0.75$7,000=$5,250

3.Job#276Job#278Job#279Job#280

Beginningbalance$20,720$56,800$0$0

Directmaterials13,9607,0003504,800

Directlabor14,80012,0001,9007,000

Appliedoverhead11,1009,0001,4255,250

Totalcost$60,580$84,800$3,675$17,050

4.EndingbalanceinWorkinProcess=Job#278+Job#279+Job#280

=$84,800+$3,675+$17,050=$105,525

5.CostofGoodsSold=Job#276=$60,580

PriceofJob#276=$60,580+（0.45）（$60,580）=$87,841

5–5

1.Directmaterials$3,400

Directlabor（50hours$10）500

Overhead（50hours$4）200

Totalcost$4,100

Units÷10

Unitcost$410

2.Priceperhome=1.5$410=$615

3.Jordanwouldneedtoprepareasimpleformthatincludedcolumnsforthedate,thebeginningtime,theendingtime,thetotalnumberofhoursworked,andthejobname（ornumber）.Shecouldhaveaseparatepageforeachday.Thiswouldbeespeciallyhelpfulifshehiredotheremployeesfromtimetotimetoworkonjobs.

5–6

1.Endingbalancein

WorkinProcess=Job#902+Job#906+Job#908+Job#909

=$400+$750+$700+$905=$2,755

2.EndingbalanceinFinishedGoods=Job#901+Job#903+Job#905+Job#910

=$650+$550+$860+$803=$2,863

3.CostofGoodsSold=Job#904+Job#907=$695+$180=$875

5–7

1.Department1usesprocesscosting.

Department2usesjob-ordercosting.

2.Directmaterials$500

Directlabor250

Appliedoverhead（100%of$250）250

Totalcost$1,000

5–8

1.Securityrate=$50,000/$500,000=0.10or10%ofmaterialscost

Machiningrate=$36,000/2,000=$18perMHr

Otheroverheadrate=$74,000/$160,000=0.4625,or46.25%ofdirectlaborcost

2.Directmaterials$500

Directlabor250

Appliedoverhead:

Security（0.10$500）50

Machining（$182MHrs.）36

Other（0.4625$250）116*

Totalcost$952

*Rounded

3.Davealreadykeepstrackofdirectlaborhours（fortheplantwideoverheadrateapplication）andofdirectmaterialscost.Theonlyadditionaldriverismachinehours.Thesecouldbenotedonthelabortimeticketinaseparatecolumn,oraseparateformformachineusage,perhapslocatedateachmachine,couldbedeveloped.Theformwouldbesimilartoalabortimeticket,notingthedate,timestartedandended,andthejobnumber.

5–9

1.Job#57Job#58Job#59

Balance,7/1$22,450$0$0

Directmaterials12,9009,90035,350

Directlabor20,0006,50013,000

Appliedoverhead:

Power7506003,600

Materialhandling1,5003006,000

Purchasing2501,000250

Totalcost$57,850$18,300$58,200

2.EndingbalanceinWorkinProcess=Job#58=$18,300

3.EndingbalanceinFinishedGoods=Job#59=$58,200

4.CostofGoodsSold=Job#57=$57,850

5–10

ShaquinnCompany

IncomeStatement

FortheMonthEndedJuly31,20XX

Sales（$57,8501.40）$80,990

Costofgoodssold57,850

Grossmargin$23,140

Sellingexpenses（0.10$80,990+$4,100）（12,199）

Administrativeexpenses（3,900）

Operatingincome$7,041

5–11

1.Engineeringdesignrate=$240,000/4,000=$60perengineeringhour

Purchasingrate=$87,000/10,000=$8.70perpart

Otheroverheadrate=$250,000/20,000=$12.50perDLH

2.Job#40Job#41Job#42Job#43Job#44

Balance,7/1$42,450$41,000$29,000$0$0

Directmaterials37,00023,90025,50016,00018,500

Directlabor40,00038,50043,00020,90018,000

Appliedoverhead:

Engi