Essay about Sm Ch 17

10967 Words Dec 27th, 2014 44 Pages
CHAPTER 17
JOB ORDER COST SYSTEMS
AND OVERHEAD ALLOCATIONS
OVERVIEW OF BRIEF EXERCISES, EXERCISES, PROBLEMS, AND CRITICAL
THINKING CASES
Brief
Exercises
B. Ex. 17.1
B. Ex. 17.2
B. Ex. 17.3
B. Ex. 17.4
B. Ex. 17.5
B. Ex. 17.6
B. Ex. 17.7
B. Ex. 17.8
B. Ex. 17.9
B. Ex. 17.10

Topic
Accounting for overhead
Transferring costs
Overhead application rates
Actual and applied overhead
Selecting a cost system
Applying direct labor
Applying direct materials
Recording manufacturing costs
Selecting activity bases
Activity-based costing

Exercises
17.1

Topic
Accounting terminology

17.2
17.3
17.4
17.5

Understanding cost flows
Job costing journal entries
Overhead cost drivers
Real World: Granite Construction, Inc.
Cost classifications
Cost flow and
…show more content…
45 Strong

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Education.

Critical Thinking Cases
17.1

Classic Cabinets
Student is asked to analyze the impact of an investment decision on the performance evaluation of two managers and to decide whether the evaluations are true representations of performance. Also, the information needed to make the investment decision and who should make the decision are considered.

35

Medium

17.2

Mica Corporation
Students are asked to identify ethical issues involving the selection of an activity base to allocate costs to production managers. Students are also asked to propose a solution to the current problem.

10

Easy

17.3

Bidding Wars
Ethics, Fraud and Corporate Governance
A practical ethics problem. Should a company underbid jobs if that is the industry practice, or just close its doors? Interesting group assignment. 25

Medium

17.4

Identifying Accounts
Internet
Students consider three types of construction products and/or other services offered by a large Philadelphia-based construction company.
For these products or services students describe how cost accounting information can be helpful in planning and managing the construction work and whether job order or activity-based costing would be useful.

30

Medium

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