Showing 161 to 170 of 1356 Questions
  • Bonivo Inc. manufactures computers from commodity components to client specifications. The company has historically tracked only the cost of components to computers, and computer selling prices, or bids, have been based solely on the cost of components plus a markup sufficient to cover the other operating costs. In recent years, the compa

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  • Boston Heating & Cooling installs and services commercial heating and cooling systems. Boston uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Boston estimated that its overhead for the coming year would

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  • Bowen Bridge Company constructs bridges for the State of Kentucky. During 2010, Bowen started work on three bridges. The cost of materials and labor for each bridge follows. The predetermined overhead rate is $1.20 per direct labor dollar. Actual overhead costs were $2,170,800. Bridge 306 was completed for a contract price of $1,357,000

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  • Bradley Company’s predetermined overhead rate is 200% of direct labor. Information on the company’s production activities during September 2009 follows.a. Purchased raw materials on credit, $250,000.b. Paid $168,000 cash for factory wages.c. Paid $22,000 cash for miscellaneous factory overhead costs.d. Materials requisitions record us

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  • Brandon Company uses normal costing in its job-costing system. The company produces custom bikes for toddlers. The beginning balances (December 1) and ending balances(s of December 30) in their inventory accounts are as follows:Additional information follows: a. Direct materials purchased during December were $ 66,300. b. Cost of goods m

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  • Briefly describe the difference between a job order cost system and a process cost system.

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    170
  • Brighton Services repairs locomotive engines. It employs 100 full-time workers at $20 per hour. Despite operating at capacity, last year’s performance was a great disappointment to the managers. In total, 10 jobs were accepted and completed, incurring the following total costs:Direct materials . . . . . . . . . . . . . . . . . . . . . .

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  • Brinker International, Inc. is the parent company that owns casual dining chains Chili’s Grill and Bar and Maggiano’s Little Italy. You can learn more about the company at http://www.brinker.com. In its 2012 annual report, Brinker reported $25,360,000 in inventories on June 27, 2012. Would you expect Brinker to use all three categorie

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  • Bronx Machinery Inc. is a job shop. The management of Bronx Machinery uses the cost information from the job sheets to assess their cost performance. Information on the total cost, product type, and quantity of items produced is as follows:a. Develop a graph for each product (three graphs), with Job No. (in date order) on the horizontal

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    147
  • Brooks Foundry uses a predetermined overhead allocation rate to allocate overhead to individual jobs, based on the machine hours required. At the beginning of 2014, the company expected to incur the following: Manufacturing overhead cost …………………………………….. $ 840,000 Direct labor costs ………………………

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