ACC 349 (ACC 349)

ACC 349 - Week 5 Final Exam. Questions with Answers. Complete Solutions Guide. 1 Luca Company overapplied manufacturing overhead during 2006. Which one of the following is part of the year end entry to dispose of the overapplied amount assuming the amount is material?  An increase to finished goods  A decrease to applied overhead  An increase to cost of goods sold  A decrease to work in process inventory 2 An activity that has a direct cause-effect relationship with th...

I. Which of the following represents the correct order in which inventories are reported on a manufacturer’s balance sheet? A. Work in process, finished goods raw materials B. RAW MATERIALS, WORK IN PROCESS, FINISHED GOODS C. Finished goods, work in process, raw materials D. Work in process, raw materials, finished goods II. In traditional costing systems, overhead is generally applied based on A. machine hours B. DIRECT LABOR C. direct material dollars D. units of production ...

ACC 349 Week 5 Exercise 8-11 Chen Company's Small Motor Division manufactures a number of small motors used in household and office appliances. The Household Division of Chen then assembles and packages such items as blenders and juicers. Both divisions are free to buy and sell any of their components internally or externally. The following costs relate to small motor LN233 on a per unit basis. Brief Exercise 9-6 For Roche Inc., variable manufacturing overhead costs are expected to be $21,050 i...

ACC 349; Week 3 WileyPlus Complete Solution Guide. Exercise 4-10 Kragan Clothing Company manufactures its own designed and labeled athletic wear and sells its products through catalog sales and retail outlets. While Kragan has for years used activity-based costing in its manufacturing activities, it has always used traditional costing in assigning its selling costs to its product lines. Selling costs have traditionally been assigned to Kragan’s product lines at a rate of 70% of direct material...