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Describe the types of manufacturing environments that would best be suited for ( 1 ) job - order costing and ( 2 ) process costing.
Describe the types of manufacturing environments that would best be suited for joborder costing and process costing. Include two examples of manufacturers that would likely use jobcost systems B
Describe how joborder costing concepts are used in professional service firms, such as law practices, hospitals, and governmental agencies. A
Briefly describe the stages used in the twostage allocation process for assigning overhead costs. B
Discuss the reason for allocating overhead to the cost of production jobs, and applying overhe using a predetermined rate instead of an actual overhead rate. BB
On the Topic assessment, I asked you whether the methods companies use to align shareholder and employee goals are generally effective. Read the following opinion piece, Boeing is a wakeup call, write about the following.
a Has your opinion on the matter changed given the information presented in the article? Tell about your old opinion and, if different, your current opinion. Provide evidence, either from article or another source, to support your opinion. A
b Do you think it is possible to both maximize profitsshare prices and ensure that the compan a "sustainable, longterm business"? Provide evidence to support your opinion. A
Bowers Industries' beginning and ending inventories for the month of September are:
Direct materials
Workinprocess
Finished Goods
September
$
September
$
Production data for the month of September are:
Direct labor
Actual overhead
Direct materials purchased
Transportation in
$
Purchase returns and allowances
Bowers uses one overhead control account and charges overhead to production at of direct cost. The company does not formally recognize overunderapplied overhead until yearend.
Required:
a What are the company's prime costs for September? B
b What are the company's total manufacturing costs for September? B
c What is the amount of costs of goods transferred to finished goods inventory for Septen
d What is the amount of cost of goods sold for September? B
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