ACCT 505 DeVry Week 2 Complete Work
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 <strong>Complete</strong> <strong>Work</strong><br />
Downloading is very simple, you can download this Course here:<br />
http://mindsblow.us/question_des/<strong>ACCT</strong><strong>505</strong><strong>DeVry</strong><strong>Week</strong>2<strong>Complete</strong><strong>Work</strong>/4222<br />
Or<br />
Contact us at:<br />
help@mindblows.us<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 <strong>Complete</strong> <strong>Work</strong><br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 DQ 1<br />
Job Order and Process Costing Systems - Discussion<br />
Job Order and Process Costing Systems (Graded)<br />
Welcome to our <strong>Week</strong> 2 Discussions! Let's begin by discussing when job order costing systems would be more<br />
appropriate than a process costing system.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 DQ 2<br />
Job Order and Process Costing Systems - Discussion<br />
Research and Application (Graded)<br />
Go to page 166 and read Case 4-19, Ethics and the Manager: Understanding the Impact of Percentage Completion on<br />
Profit. Let’s address the questions, provide reasons for our answers, share relevant personal experiences, and provide<br />
value-added comments, articles, and related websites. Let’s have a lot of interaction.<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 Assignments:<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 Chapter 3 Systems Design - Job-Order Costing<br />
<strong>ACCT</strong> <strong>505</strong> <strong>DeVry</strong> <strong>Week</strong> 2 Quiz (MCQs & Explanatory)<br />
1. (TCO F) Computing unit product costs involves averaging in<br />
2. (TCO F) Luft Company uses the weighted-average method in its process costing system. Operating data for<br />
the first processing department for the month of June appear below:<br />
3. (TCO F) Assume there was no beginning work in process inventory and the ending work in process inventory<br />
is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units<br />
of production with respect to conversion costs would be: (Points : 5)<br />
4. (TCO F) Which of the following accounts is debited when direct labor is recorded? (Points : 5)<br />
5. (TCO F) During December at Ingrim Corporation, $74,000 of raw materials were requisitioned from the storeroom<br />
for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled<br />
$6,000. The journal entry to record the requisition from the storeroom would include a: (Points : 5)<br />
6. (TCO F) Wedd Corporation had $35,000 of raw materials on hand on May 1. During the month, the company<br />
purchased an additional $68,000 of raw materials. During May, $92,000 of raw materials were requisitioned from the
storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials<br />
totaled $5,000. The debits to the <strong>Work</strong> in Process account as a consequence of the raw materials transactions in May<br />
total: (Points : 5)<br />
7. (TCO F) Whether a company uses process costing or job-order costing depends on its industry. A number of<br />
companies in different industries are listed below:<br />
8. (TCO F) Job 728 was recently completed. The following data have been recorded on its job cost sheet:<br />
9. (TCO F) Harmon Company uses the weighted-average method in its process costing system. The Curing<br />
Department of Harmon Company reported the following information for the month of November.<br />
10. (TCO F) Weisinger Corporation has provided the following data for the month of January:. Prepare a Schedule<br />
of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in good form(Points : 15)