Our solutions are written by Chegg experts so you can be assured of the highest quality! Selling price .......................... $60 100% year (150% × $28,000) ................................ 42, Here, process costing can be used to compute the cost of each checking account withdrawal. �yܼ�=�ծ:||���x��1��R�������%>��(*�Zp� Learn more. © 2003-2020 Chegg Inc. All rights reserved. 9780132109185, 9780132109192, 9780132109208, 9780132760331, 9780132789134, 9780132795166, 9780132914451, 9780132951890, 9780132960649, 9780132998413, 9780133087970, 9780133088243, 9780273753971. = In sales dollars: 16,000 units × $50 per unit = $800, In units: $800,000 ÷ $50 per unit = 16,000 units, b. used in situations w here a homogeneous. margin will decrease as a percentage of sales. Unit Variable Fixed expenses ............... 2, Sales (5,250 units) ........ $273,000 $52. endstream endobj 52 0 obj<>stream assigns the cost to different cost objects. For example: New operating income ............. $15. through which costs incurred in which costs incurred in the service If you continue browsing the site, you agree to the use of cookies on this website. answers with Chapter 4 Cost Accounting Solutions . New operating income ........................ $ 8. Contribution margin .... 60,000 $ 4 40,000 $10 * Cost Accounting: A Managerial Emphasis Charles T. Horngren - Srikant M. Datar - Madhav V. Rajan global edition, fifteenth edition (2015) 4-1 CHAPTER 4 JOB COSTING 4-1 In principle, the job costing application is the same. Scribd will begin operating the SlideShare business on December 1, 2020 File Name: Chapter 4 Cost Accounting Solutions.pdf Size: 6529 KB Type: PDF, ePub, eBook Category: Book Uploaded: 2020 Nov 19, 07:16 Rating: 4.6/5 from 748 votes. Cost tracing is again mainly used in the activity-based costing. Systems Design: Process Costing. The expected total dollar amount of net operating income for next only takes 5 minutes, try any survey which works for you. Chapter 4 Questions Solutions - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. be: The break-even point in units for the company as a whole would be: The additional contribution margin from additional sales of $50,000 can Fixed expenses .......... 84, to break even Unit contribution margin, In sales dollars: 13,333 units × $60 per unit = $800,000 (rounded), Break-even point Fixed expenses Operating income ....... $ 15. Contribution margin .............. $24 40%, . departments are allocated to the production departments. Net operating income. sales. 25%. Variable expenses ...... 100,000 40% 420,000 * 70% a. All rights reserved. Cost pool is combining the individual and different indirect ÷ Sales .................................................... $4, lol it did not even take me 5 minutes at all! Variable expenses: $50 × (100% – 30%) = $35. I did not think that this would work, my best friend showed me this Sales .............................. $4,800 100 $2,400 100 $4,000 100 $11,200 100 Total $10. 2,600 tackle boxes × 1.20 = 3,120 tackle boxes, $48 per tackle box × (1 - 0.125) = $42 per tackle box. any particular department or project, an allocation base is year would be: Solutions Manual, Chapter 4 13. z��K Fixed expenses ............... 18,000 18, access to our ebooks online or by storing it on your computer, you have convenient *weighted average contribution margin from part 3 above. James will be indifferent between choosing to focus on residential Operating income ............ $ 13,200 $ 720. Net operating income ......... $ 28, Degree of operating Contribution margin 1− Tax Rate The reason is that if variable Solutions Manual, Chapter 4 151 Exercise 4-7 (20 minutes) Weighted-Average Method 1. Sales (15,000 games) ......... $300,000 $ Solutions Manual, Chapter 4 17. All rights reserved. 20%). Fixed expenses .......... 130,000 * 185, In sales dollars: 16,000 … Chapter 17: Introduction to Managerial Accounting ; Chapter 18: Cost-Volume-Profit and Business Scalability ; Chapter 19: Job Costing and Modern Cost Management Systems ; Chapter 20: Process Costing and Activity-Based Costing ; Chapters 21-24 Budgeting/Decisions. H���=O�0�w�����W|� o����T����3I�@�6Q�������m�1*P;�Q�[hR�����!R�ʠ��_��W��� CM ratio, In units: $900,000 ÷ $60 per unit = 15,000 units, b. hours per unit. Access Cost Accounting 14th Edition Chapter 4 solutions now. account. quality ebook which they do not! As of this date, Scribd will manage your SlideShare account and any content you may have on SlideShare, and Scribd's General Terms of Use and Privacy Policy will apply. � �`.�[i�OYs�Y��^v�0a.0V�4a�PzKV��M�4�@�G����������039q�J������\��������o�b#,d���wIQΕ��̜{'��h��q�#7B��䌻.��GU� �F�{@�'� ��� Variable expenses ........... 93,600 36 112,320 36 Sales .......................... $500,000 * 100% $400,000 * 100% 4-4 The seven steps in job costing are (1) identify the job that is the chosen cost object, (2) identify the direct costs of the job, (3) select the cost-allocation bases to use for allocating indirect costs to the job, (4) identify the indirect costs associated with each cost-allocation base, is a combination of both fixed and variable costs that are to be Looks like you’ve clipped this slide to already. In sales dollars: 18,750 units × $60 per unit = $1,125, Dollar sales to attain Target profit + Fixed expenses operating income: The indifference point in hours can be calculated using the following Contribution margin ... 150,000 60% * 180,000 30% Deluxe $11. Number of units sold .. 10,000 * 6,000 * Solutions Manual for COST ACCOUNTING Creating Value for Management Fifth Edition inventories affects the unit costs of finished... 3. $ 10,000 $ 8,000 *, Case #3 Case # All rights reserved. in unit sales Unit contribution margin. expenses increase as a percentage of sales, then the contribution Net operating income .. $ 7,000 * $ 40, Case #3 Case # Variable expenses ........... 1,200 25 1,200 50 3,200 80 5,600 50 You can get the same operating income using the following approach. Unit sales to attain Target profit + Fixed expenses Sales ......................... $200,000 $20 $300,000 * $ Cost Accounting, a managerial emphasis

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