Showing 161 to 170 of 1612 Questions
  • Ben Whitney manufactures holiday decorations. Overhead is applied to products based on direct labor hours. Last year, total overhead costs were expected to be $85,000. Actual overhead costs totaled $88,750 for 8,400 actual hours. At the end of the year, overhead was underapplied by $4,750.RequiredA. Calculate the predetermined overhead ra

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  • Bender Automotive Works Inc. manufactures a variety of front-end assemblies for automobiles. A front-end assembly is the unified front of an automobile that includes the headlamps, fender, and surrounding metal/plastic. Bender has two producing departments: Drilling and Assembly. Usually, the front-end assemblies are ordered in batches of

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  • Benton Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter’s production.1. Materials purchased on account $ 192,000, and factory wages incurred $87,300.2. Materials requisitioned and factory labor used by job:3. Manufacturing overhead costs incurred on account $39,500.4.

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  • Bergamo Bay’s computer system generated the following trial balance on December 31, 2015. The company’s manager knows something is wrong with the trial balance it does not show any balance for work in process inventory but does show a balance for the Factory Overhead account. In addition, the accrued factory payroll (Factory Payroll P

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  • Bergan Brewery uses the latest in modern brewing technology to produce a prize-winning beer. In both 2008 and 2009, Bergan produced and sold 100,000 cases of beer and had no raw materials, work in process, or finished goods inventory at the beginning or end of either year. At the end of 2008, the company installed machines to perform some

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  • Berlin Company completed 90,000 units during the year at a cost of $900,000. The beginning finished goods inventory was 10,000 units at $75,000. Determine the cost of goods sold for 70,000 units, assuming a FIFO cost flow.

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  • Berne Company, a job-order costing firm, worked on three jobs in July. Data are as follows:Overhead is applied to jobs at the rate of $20 per machine hour. By July 31, Jobs 73 and 75 were completed. Jobs 70 and 73 were sold. Job 74 remained in process. On July 1, the balance in Finished Goods was $49,000 (consisting of Job 70 for $19,000

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  • Best Buy’s financial statements and notes in Appendix A provide evidence of growth potential in its domestic sales.Required1. Identify at least two types of costs that will predictably increase as a percent of sales with growth in domestic sales.2. Explain why you believe the types of costs identified for part 1 will increase, and descr

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    164
  • Best Buy’s GeekSquad performs computer and home theater installation and service, for an upfront flat price. How can Best Buy use a job order costing system?

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  • Bienstar Company uses job-order costing. During March, the following data were reported:a. Purchased materials on account: direct materials, $82,000; indirect materials, $10,500.b. Issued materials: direct materials, $72,500; indirect materials, $7,000.c. Incurred labor cost: direct labor, $52,000; indirect labor, $15,750.d. Incurred othe

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