Cost accounting soution manual

Topics: Variable cost, Fixed cost, Costs Pages: 128 (8336 words) Published: December 3, 2013
Cost Accounting
Chapter 2 - Costs – Concepts and classification

Problem 1Problem 2
1. Direct6. Direct1. Manufacturing6. Manufacturing
2. Indirect7. Direct2. Selling7. Administrative
3. Direct8. Indirect3. Manufacturing8. Selling
4. Direct9. Direct4. Selling9. Administrative
5. Direct10.Direct5. Administrative10.Selling

Problem 3
1. VariableProductDirect
2. VariableProductDirect
3. FixedProductIndirect
4. VariableProductDirect
5. FixedProductIndirect
6. FixedPeriodIndirect
7. FixedPeriodIndirect
8. VariablePeriodDirect
9. FixedProductIndirect
10.FixedPeriodIndirect

Problem 4 – Bug Company
1. FixedPeriod6. VariablePeriod
2. FixedInventoriable7. VariableInventoriable
3. VariableInventoriable8. FixedInventoriable
4. VariableInventoriable9. FixedPeriod
5. FixedInventoriable10. FixedInventoriable

Problem 5 – Rounin Manufacturing Company
1.Directmaterials 50,000
Direct labor 60,000
Prime cost 110,000

2.Direct labor 60,000
FO (10,000 + 9,000 +25000) 44,000
Conversion costs 104,000

3.Direct materials 50,000
Direct labor 60,000
Factory overhead 44,000
Product costs 154,000

Problem 6 – Mother Goose Company
1. Prime costs - 430,000
2. Conversion cost-525,000
3 Inventoriable cost-710,000
4. Total period costs -305,000

Problem 7 – Blanche Corporation
`1. Direct materials usedP 30.00
Direct labor 20.00
Variable manufacturing overhead 15.00
Variable marketing 3.00
Total variable cost per unit 68.00
X No. of units produced and sold 20,000
Total variable costs per month P 1,360,000

2. Fixed manufacturing overheadP 10.00
Fixed marketing costs 4.00
Total fixed cost per unit 14.00
X No. of units produced and sold 20,000
Total fixed costs per month P 280,000

Page 2 – Chapter 2
Prblem 8
1. Direct materialsP 60.00
Direct labor 30.00
Variable manufacturing overhead 9.00
Total variable manufacturing cost per unitP 99.00

`2. Total variable manufacturing cost per unitP 99.00
Variable marketing and administrative 6.00
Total variable costs per unit 105.00

3. Total variable manufacturing cost per unitP 99,00
Fixed manufacturing overhead (30,000/1,200) 25.00
Full manufacturing cost per unit 124.00

4. Full manufacturing cost per unit124.00
Variable marketing and administrative 6.00
Fixed marketing and administrative 20.00
Full cost to make and sell per unit150.00

Problem 9 - Chiz Manufacturing Company
1. Materials put into production P 90,000
Direct labor 95,000
Prime costs P 185,000

2. Direct labor 95.000
Factory overhead
Indirect materials60,000
Indirect labor25,000
Other overhead cost60,000 145,000
Total conversion costs 240,000

3. Direct materials 90,000
Direct labor 95,000
Factory overhead 145,000
Total product costs 330,000

4. none

Problem 10 – Johnson Corporation
1. Variable cost per machine hour = 35,600 – 20,000
4,000 - 2,000
= 7.50 per machine hour

2. 4,000 hours 2000 hours
Total electricity expense 35,000 20,000
Less: Variable costs
( 4,000 x 7.50)...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Cost Accounting Text review Essay
  • Cost Accounting Essay
  • cost accounting Essay
  • Essay on Cost Accounting Manual
  • Cost Accounting Essay
  • Cost Accounting Essay
  • cost accounting 2 Essay
  • Essay about Cost Accounting

Become a StudyMode Member

Sign Up - It's Free