Essay on Accounting Control

8493 Words Jan 29th, 2015 34 Pages
ACCT 402 Check Figures from Publisher – 15th Edition
(assigned problems in bold) Chapter 4. Job Costing
4-16 Job costing a c e g h k l n o p q r s u Process costing b d f i j m t 4-17 1. B 180% A 190% 2. A $127,000 N $124,000 3. N underallocated $145,000
4-18 1. B $50 A $47 2a. L $188,926 M $221,720 2b. L $186,166 M $218,600
4-19 1. $24 per mh 2. $4,080,000 3. overallocated $30,000
4-20 1. M $36 A 180% 2. $99,000 3. M $120,000 under; A $(260,000) over 4-21 1. 260% 2. 400% 3. TC $32,400; BP $36,000 4-22 1. 2Q $74; 3Q $99 2. 2Q $84; 3Q $84. 3. 2Q $109.20; 3Q $109.20
4-23 1. $22 per dlh 2. dr. WIP Control $4,664,000 (this
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$2,560,000 2. $620,000 4-36 1. Fab. $40,000 Fin. $19,200 2. Fab. underallocated $9,500 Fin. underallocated $3,000 3. COGS $307,500 4-37 1. cr. $234,000 2. $464,000 3. $925,000 4. $165,000 5. $880,000 6. $50,000 underallocated 7.(a) COGS $930,000 (b) COGS $920,000 8. WO $(5,000); P $5,000 4-38 1a. dr. WIP Control $4,300 dr. MOH Control $1,400 cr. WP Control $5,700 1b. dr. WIP Control $4,730 cr. MOH Allocated $4,730 2a. $59,000 2b. $88,300 2c. $97,130 2d. $18,030 2e. $219,000 3. dr. MOH Allocated $97,130 cr. MOH Control $95,400 cr. COGS $1,730 4-39 1. 140% of LC 2. $621,560 3. underallocated $3,200 4. COGS a. $624,760 b. $624,582
4-40 1. $2,280,240 2. $2,546,820
4-41 1. $5,700 2. $3,800 3. underallocated $480 4. CCG a. $4,280 b. $4,011.20

Chapter 7. Flexible Budgets, Direct-Cost Variances, and Management Control
7-16 1. FBV $12,800 U SVV $7,200 U SBV $20,000 U 7-17 1. FBV $24,000 U SVV $72,000 F SBV $48,000 F 7-18 1. SBV $17,000 U 2. FBV $19,000 F SVV $36,000 U 7-19 1. FBV: $15,000 U SVV: $15,000 F SBV $0 2. Actual SP $5.50 Budgeted SP $3.50 Actual VC $3.96 Budgeted VC $2.00 7-20 1. Units 15,000 F (4.48%) Rev $36,000 F (1.82%) VMC $99,000 U (9.53%) CM $63,000 U (6.72%) 2. FBV $105,000 U SVV $42,000 F 3. $52,500 U 7-21 1. FBV $408 F 2. PV

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