100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ACCT 346 Week 3 Homework (GRADED A) | 100% Guaranteed Pass CA$15.87   Add to cart
Quickly navigate to
Preview
  2.  
  3. Devry University
  4.  
  5. ACCT 346

Exam (elaborations)

ACCT 346 Week 3 Homework (GRADED A) | 100% Guaranteed Pass
 3 views  0 purchase
  • Course
  • ACCT 346
  • Institution
  • Devry University

ACCT 346 Week 3 Homework 1. For each of the following companies, specify whether the company would be more likely to use job costing or process costing. a. Medical practice of six doctors & four physician assistants Job costing b. Soft drink bottler Process costing c. Movie studio Job costing d. Pl...

[Show more]

Preview 2 out of 7  pages

Document information

  • April 6, 2022
  • 7
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

Subjects

  • 3 paint by number prepares amp packages paint products the company has two departments 1 blending amp 2 packaging direct materials are added at the beginning of the blending process dyes

Written for

  • Devry University
  • ACCT 346
All documents for this subject (6)

Seller

avatar-seller
ProfGoodlucK

Reviews received

Content preview

ACCT 346 Week 3 Homework




Date: Course: Managerial Accounting (27) Assignment: Week 3 Homework (graded)


1. For each of the following companies, specify whether the company would be more likely to use job costing or process
costing.


a. Medical practice of six doctors & four physician assistants Job costing
b. Soft drink bottler Process costing
c. Movie studio Job costing
d. Plastic bottle manufacturer Process costing

e. Architect Job costing

f. Temporary staffing agency Job costing

g. Oil refinery Process costing
h. Janitorial services company Job costing

i. Soup manufacturer Process costing
j. Commercial plumbing contractor Job costing

k. Toothpaste manufacturer Process costing
l. Catering service Job costing
m. Ship builder Job costing
n. Company providing Web design services Job costing




This study source was downloaded by 100000801755870 from CourseHero.com on 04 -06-2022 11:58:42 GMT -05:00


https://www.coursehero.com/file/49135790/ACCT-346-Week-3-Homeworkdocx/

, 2. Patty's Pumpkin Pies collected the following production information relating to November's baking operations:
1
(Click the icon to view the information.)

Requirements
Complete the first two steps in the process costing procedure:
1. Summarize the flow of physical units.
2. Compute output in terms of equivalent units.
Review Only

Click the icon to see the Worked Solution.


Patty's Pumpkin Pies
Equivalent Unit Computation
Flow of Equivalent Units
Physical Direct Conversion
Flow of Production Units Materials Costs
Units to account for:
Beginning work in process, November 1 207,000
Plus: Started in production during November 1,020,000

Total physical units to account for 1,227,000
Units accounted for:

Completed & transferred out 1,070,000 1,070,000 1,070,000

Plus: Ending work in process, November 30 157,000 117,750 133,450
Total physical units accounted for 1,227,000

Total equivalent units 1,187,750 1,203,450


1: Data Table
Physical Direct Materials Conversion Costs
Units (% complete) (% complete)
Beginning work in process . . . . . . . . 207,000 — —
Ending work in process . . . . . . . . . . 157,000 75% 85%
Units started during the month . . . . 1,020,000




This study source was downloaded by 100000801755870 from CourseHero.com on 04 -06-2022 11:58:42 GMT -05:00


https://www.coursehero.com/file/49135790/ACCT-346-Week-3-Homeworkdocx/

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ProfGoodlucK. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$15.87. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$15.87
  • (0)
  Add to cart