# Job Order

Pages: 40 (7403 words) Published: May 14, 2013
CHAPTER 20
Job Order Cost Accounting
ASSIGNMENT CLASSIFICATION TABLE
Brief Exercises A Problems B Problems

Study Objectives 1. Explain the characteristics and purposes of cost accounting. Describe the flow of costs in a job order cost accounting system. Explain the nature and importance of a job cost sheet. Indicate how the predetermined overhead rate is determined and used. Prepare entries for jobs completed and sold. Distinguish between under- and overapplied manufacturing overhead.

Questions 1, 2, 3, 4

Exercises

2.

5, 6, 7, 8,11, 12

1, 2, 3, 4

1, 2, 3, 4, 6, 7, 8, 9,11

1A, 2A, 3A, 5A

1B, 2B, 3B, 5B

3.

9, 10, 11, 12

5

1, 2, 3, 6, 7, 8, 10, 12

1A, 2A, 3A, 5A

1B, 2B, 3B, 5B

4.

13, 14, 15

6, 7

2, 3, 5, 6, 7, 8, 11,12, 13

1A, 2A, 3A, 4A, 5A

1B, 2B, 3B, 4B, 5B

5.

16

8

2, 3, 4, 6, 7, 8, 9, 10, 11 5, 12, 13

1A, 2A, 3A, 5A 1A, 2A, 4A, 5A

1B, 2B, 3B, 5B 1B, 2B, 4B, 5B

6.

17, 18

9

20-1

ASSIGNMENT CHARACTERISTICS TABLE
Problem Number 1A 2A Difficulty Level Simple Moderate Time Allotted (min.) 30−40 30−40 30−40 20−30 30−40 30−40 30−40 30−40 20−30 30−40

Description Prepare entries in a job cost system and job cost sheets. Prepare entries in a job cost system and partial income statement. Prepare entries in a job cost system and cost of goods manufactured schedule. Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. Analyze manufacturing accounts and determine missing amounts. Prepare entries in a job cost system and job cost sheets. Prepare entries in a job cost system and partial income statement. Prepare entries in a job cost system and cost of goods manufactured schedule. Compute predetermined overhead rates, apply overhead, and calculate under- or overapplied overhead. Analyze manufacturing accounts and determine missing amounts.

3A

Simple

4A

Simple

5A

Complex

1B 2B

Simple Moderate

3B

Simple

4B

Simple

5B

Complex

20-2

Correlation Chart between Bloom’s Taxonomy, Study Objectives and End-of-Chapter Exercises and Problems Knowledge Q20-1 Q20-2 Q20-5 Q20-7 Q20-8 Q20-12 Q20-11 Q20-12 Q20-9 Q20-10 BE20-5 E20-1 E20-2 E20-3 E20-6 BE20-6 BE20-7 E20-2 E20-3 E20-6 E20-7 BE20-8 E20-2 E20-3 E20-6 E20-7 E20-12 E20-13 P20-1A Q20-17 Q20-18 BE20-9 Communication Real-World Focus Exploring the Web E20-8 E20-9 E20-10 E20-11 P20-1A E20-8 E20-11 E20-12 E20-13 P20-1A P20-3A P20-4A P20-1B P20-3B P20-4B E20-7 E20-8 E20-10 E20-12 E20-1A E20-3A P20-2A P20-1B P20-5A P20-3B P20-2B P20-5B Q20-6 BE20-1 BE20-2 BE20-3 BE20-4 E20-1 E20-2 E20-3 E20-6 E20-7 E20-8 E20-9 E20-11 P20-1A P20-3A P20-1B P20-3B E20-4 P20-2A P20-5A P20-2B P20-5B Q20-3 Q20-4 Comprehension Application Analysis Synthesis Evaluation

Study Objective

1.

Explain the characteristics and purposes of cost accounting.

2.

Describe the flow of costs in a job order cost accounting system.

BLOOM’S TAXONOMY TABLE

3.

Explain the nature and importance of a job cost sheet.

4.

Indicate how the predetermined overhead rate is determined and used.

Q20-15 Q20-13 Q20-14

20-3
Q20-16

E20-5 P20-2A P20-5A P20-2B P20-5B P20-3A E20-4 P20-1B P20-2A P20-3B P20-5A P20-2B P20-1B E20-5 P20-4A P20-2A P20-4B P20-5A P20-5B

5.

Prepare entries for jobs completed and sold.

6.

Distinguish between under- and overapplied manufacturing overhead.

P20-2B P20-5B Managerial Analysis All About You Decision Making Across the Organization Ethics Case

1. (a) Cost accounting involves the measuring, recording, and reporting of product costs. A cost accounting system consists of manufacturing cost accounts that are fully integrated into the general ledger of a company. (b) An important feature of a cost accounting system is the use of a perpetual inventory system that provides immediate, up-to-date information on the cost of a product. (a)...