Job Order
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
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