Clicker Assignment Ch 10 Job Order Costing Clicker questions will be asked in class based on your completion of this preparation guide Example in class question What is the answer to Question 2 You will not have time to complete this guide in class Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer Leather DM DL MOH Period Cost Utility bill for the manufacturing plant DM DL MOH Period Cost Depreciation expense on accounting dept copier DM DL MOH Period Cost Wages of production line employees DM DL MOH Period Cost Wages of sales employees DM DL MOH Period Cost Shoe laces DM DL MOH Period Cost Plant supervisor DM DL MOH Period Cost Depreciation expense on sewing machines DM DL MOH Period Cost Dixon Company reported the following year end information Beginning raw materials inventory 30,000 Ending raw materials inventory 48,000 Beginning work in process inventory 108,000 Ending work in process inventory 90,000 Raw Materials purchased 110,000 Direct Labor 96,000 Manufacturing Overhead 77,000 What is Dixon Companys cost of direct materials used Given the following information, solve for Cost of Goods Sold (COGS) Raw Materials Inventory, January 1, 2016 $14,500 Raw Materials Inventory, December 31, 2016 $16,000 Work in Process Inventory, January 1, 2016 $30,000 Work in Process Inventory, December 31, 2016 $24,000 Finished Goods Inventory, January 1, 2016 $10,000 Finished Goods Inventory, December 31, 2016 $12,000 Cost of Goods Manufactured $140,000 Answer the questions below to describe the flow of costs in a Job Order Costing system What are the three categories of manufacturing costs What account is increased when manufacturing costs are assigned to a Job What account is increased when transferring the cost of a completed job What account is increased when a completed job is sold The Anderson Company estimates that total manufacturing overhead for the year will be $15,000,000 and total machine hours will be 200,000 hours However, the actual manufacturing overhead is $8,000,000 and the actual machine hours are 100,000 hours If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is the predetermined overhead rate PLEASE ANSWER ALL QUESTIONS

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Clicker Assignment: Ch. 10 & Job Order Costing Clicker questions will be asked in class based on your completion of this preparation guide. Example in

Clicker Assignment: Ch. 10 & Job Order Costing Clicker questions will be asked in class based on your completion of this preparation guide. Example in class question: What is the answer to Question 2? You will not have time to complete this guide in class!

Classify each cost as direct materials (DM), direct labor (DL), manufacturing overhead (MOH), or a period cost for a shoe manufacturer.

Leather DM DL MOH Period Cost

Utility bill for the manufacturing plant DM DL MOH Period Cost

Depreciation expense on accounting dept. copier DM DL MOH Period Cost

Wages of production line employees DM DL MOH Period Cost

Wages of sales employees DM DL MOH Period Cost

Shoe laces DM DL MOH Period Cost

Plant supervisor DM DL MOH Period Cost

Depreciation expense on sewing machines DM DL MOH Period Cost

Dixon Company reported the following year-end information:

Beginning raw materials inventory 30,000

Ending raw materials inventory 48,000

Beginning work in process inventory 108,000

Ending work in process inventory 90,000

Raw Materials purchased 110,000

Direct Labor 96,000

Manufacturing Overhead 77,000

What is Dixon Companys cost of direct materials used?

Given the following information, solve for Cost of Goods Sold (COGS).

Raw Materials Inventory, January 1, 2016 $14,500

Raw Materials Inventory, December 31, 2016 $16,000

Work in Process Inventory, January 1, 2016 $30,000

Work in Process Inventory, December 31, 2016 $24,000

Finished Goods Inventory, January 1, 2016 $10,000

Finished Goods Inventory, December 31, 2016 $12,000

Cost of Goods Manufactured $140,000

Answer the questions below to describe the flow of costs in a Job Order Costing system.

What are the three categories of manufacturing costs?

What account is increased when manufacturing costs are assigned to a Job?

What account is increased when transferring the cost of a completed job?

What account is increased when a completed job is sold?

The Anderson Company estimates that total manufacturing overhead for the year will be $15,000,000 and total machine hours will be 200,000 hours. However, the actual manufacturing overhead is $8,000,000 and the actual machine hours are 100,000 hours. If the company uses a predetermined overhead rate based on machine hours for applying overhead, what is the predetermined overhead rate?

PLEASE ANSWER ALL QUESTIONS