In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders.
Question:
In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders. Why is it not necessary to charge manufacturing costs in process cost accounting to job orders?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 54% (22 reviews)
Since all goods produced i...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
Question Posted:
Students also viewed these Managerial Accounting questions
-
Why is it not necessary to model activities such as entering information about customers or suppliers, mailing invoices to customers, and recording invoices received from suppliers as events in an...
-
Why is it not necessary to test control weaknesses? What action does the auditor need to take when control evaluation work indicates a control weakness?
-
Job order cost accounting is frequently used by home builders. Required 1. You (or your team) are to prepare a job cost sheet for a single-family home under construction. List four items of both...
-
Chris Co. purchased a piece of equipment and incurred the following costs. Which of these costs is properly capitalized and recorded as part of the cost of the equipment? I. Freight charges to...
-
Grayson River Rafting has the following liabilities: a. Accounts payable b. Note payable due in three years c. Salaries payable d. Note payable due in six months e. Sales tax payable f. Unearned...
-
Prove that the Laplace Expansion Theorem holds for column expansion along the jth column.
-
\((-13)+(-102)\) Complete the indicated calculation.
-
Lou Barlow, a divisional manager for Sage Company, has an opportunity to manufacture and sell one of two new products for a five-year period. His annual pay raises are determined by his divisions...
-
Vaughn Company's record of transactions for the month of April was as follows. Purchases Sales April 1 (balance on hand) 1,140 @ $5.50 April 3 950 @ $10.00 4 2,850 5.60 9 2,660 @ 10.00 8 1,520 @ 5.90...
-
1. If OxyContin is addictive, then either the pharmaceutical industry has stopped making it or thousands of patients are becoming addicted to it. The pharmaceutical industry has not stopped making...
-
As an assistant cost accountant for Spears Industries, you have been assigned to review the activity base for the predetermined factory overhead rate. The president, Jessica Romo, has expressed...
-
What are transferred-out materials?
-
Complete the following table for a queuing simulation. Customer Arrival ServiceStart End Waiting Server Time l ime Time Time Time Idle Time 0.6 2.2 3.3 1.0 0.8 4.2 0.8 2.9 4.9 6.6 9.4 10.6 11.1 13.3...
-
Critically discuss in report format the role of line manager in performance management process, outline the idea of line manager and describe who line managers are. Use Harvard references
-
Technology has and will continue to change our working world in ways we cannot even imagine. In short, organizations are far different now than 20, 10 or even 3-5 years ago. Talking to one's family...
-
AP Macroeconomics Assignment: 1. The first part of the AD/AS model typically discussed is the AD curve, which is downward sloping. A. List and explain three reasons given for why the AD curve is...
-
Define the core concept; Now you know how to ask hiring interview questions. How do you pick which ones to ask?
-
Culture, Diversity & Globalization 1. Write a paragraph describing two aspect of Hofstede's cultural dimension 2. Identify one or more potential communication pitfalls if one doesn't understand the...
-
What does a class diagram portray?
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
Think about some examples of Big Data in industry. Try to focus on Vs other than the volume aspect of Big Data. Why do you think these examples qualify as Big Data?
-
The management of Orange County Chrome Company, described in Problem now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each...
-
The management of Orange County Chrome Company, described in Problem now plans to use the multiple production department factory overhead rate method. The total factory overhead associated with each...
-
Black and Blue Sports Inc., manufactures two products: snowboards and skis. The factory overhead incurred is as follows: Indirect labor ............ $ 507,000 Cutting Department ......... 156,000...
-
Q5. (10 pts) Postfix.java: Use the stack that you implemented to evaluate postfix expressions. Write a method that receives in a postfix expression. The input postfix expression can contain integer...
-
i asked the same question many times , so please provide an accurate response. convert this code, or w rite another new code, YOUR OUTPUT SHOULD BE FORMATTED AS CLOSELY AS THE SAMPLE SCREEN SHO...
-
PROBLEM P19-6 ETHICS PROBLEM Is there a conflict between maximizing shareholder wealth and never paying bribes when doing business abroad? If so, how might you explain the firm's position to...
Study smarter with the SolutionInn App