Vous êtes sur la page 1sur 3

Running head: WILEYPLUS 1

Week 3: WileyPLUS Nina L. Baxter ACC 561 Accounting Instructors Name: A. Zaucha Assignment Issue Date: 2 April 2013 Assignment Due Date: 4 April 2013


BE 15-5 Data pertaining to job cost sheets for Reyes Tool & Die are given in BE15-3 and BE154. Prepare the job cost sheets for each of the three jobs. (Note: You may omit the column for manufacturing overhead). Data given in BE15-3 and 15-4: BE 15-3 In January, Reyes Tool & Die requisitions raw materials for production as follows: Job 1 $900, Job 2 $1,200, Job 3 $700, and general factory use $600. BE 15-4 During January, time tickets show that the factory labor of $5,000 was used as follows: Job 1 $1,200, Job 2 $1,600 Job 3 $1,400 and general factory use $800. Job 1 Date 1/31 1/31 Date 1/31 1/31 Date 1/31 1/31 Direct Materials $ 900 $0 Job 2 Direct Materials $ 1200 $0 Job 3 Direct Materials $ 700 $0 Direct Labor $0 $ 1400 Direct Labor $0 $ 1600 Direct Labor $0 $ 1200

_____________________________________________________________________________ _ E 16 1 Doc Gibbs has prepared the following list of statements about process cost accounting. 7 1. Process cost systems are used to apply costs to similar products that are mass-produced in a continuous fashion. True 2. A process cost system is used when each finished unit is indistinguishable from another. True 3. Companies that produce soft drinks, motion pictures, and computer chips would all use process cost accounting. False 4. In a process cost system, costs are tracked by individual jobs. False 5. Job order costing and process costing track different manufacturing cost elements. False 6. Both job order costing and process costing account for direct materials, direct labor, and manufacturing overhead. True 7. Costs flow through the accounts in the same basic way for both job order costing and process costing. True

WILEYPLUS 8. In a process cost system, only one work in process account is used. False 9. In a process cost system, costs are summarized in a job cost sheet. False 10.In a process cost system, the unit cost is total manufacturing costs for the period divided by the units produced during the period. True

_____________________________________________________________________________ _ E 17-9 Peter Catalano's Verde Vineyards in Oakville, California produces three varieties of wine: Merlot, Viognier, and Pinot Noir. His winemaster, Kyle Ward, has identified the following activities as cost pools for accumulating overhead and assigning it to products. 1. Culling and replanting. Dead or overcrowded vines are culled, and new vines are planted or relocated. (Separate vineyards by variety.) Labor Hours 2. Tying. The posts and wires are reset, and vines are tied to the wires for the dormant season. Labor Hours 3. Trimming. At the end of the harvest the vines are cut and trimmed back in preparation for the next season. Labor Hours 4. Spraying. The vines are sprayed with chemicals for protection against insects and fungi. Gallons of Chemicals 5. Harvesting. The grapes are hand-picked, placed in carts, and transported to the crushers. Number of cartfuls 6. Stemming and crushing. Cartfuls of bunches of grapes of each variety are separately loaded into machines which remove stems and gently crush the grapes. Number of cartfuls 7. Pressing and filtering. The crushed grapes are transferred to presses which mechanically remove the juices and filter out bulk and impurities. Gallons of Juice 8. Fermentation. The grape juice, by variety, is fermented in either stainless-steel tanks or oak barrels. Gallons of Juices 9. Aging. The wines are aged in either stainless-steel tanks or oak barrels for one to three years depending on variety. Months of Aging 10.Bottling and corking. Bottles are machine-filled and corked. Number of bottles 11.Labeling and boxing. Each bottle is labeled, as is each nine-bottle case, with the name of the vintner, vintage, and variety. Number of bottles 12.Storing. Packaged and boxed bottles are stored awaiting shipment. Number of boxes 13.Shipping. The wine is shipped to distributors and private retailers. Number of shipments 14.Heating and air-conditioning of plant and offices. Labor hours 15.Maintenance of buildings and equipment. Printing, repairs, replacements, and general maintenance are performed in the off-season. Labor Hours