Homogeneous products refer to

In a traditional enterprise, the flow of costs through the system is

Batch-level costs are assigned using

A job-order costing process would be applicable for an airplane manufacturer.

In JIT manufacturing, work cells are created that produce a product from start to finish.

Excellent Corporation is a job-order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year: ​ Activity Cost Driver Amount of driver Setups $ 250,000 Number of setups   5,000 Purchasing  190,000 Number of parts 18,000 Other overhead  270,000 Direct labor hours 88,000 ​ The following information about the jobs was given for June: ​ ​ Job 201 Job 202 Job 203 Job 204 Balance 6/1 $64,500 $40,200 $32,500         0 Direct materials   74,000   37,900   23,000 13,000 Direct labor   77,000   36,500   43,500 22,000 Number of setups        50        10         20     200 Number of parts      200       80       400    500 Direct labor hours   4,000  2,300    5,100 1,500 ​ By June 30, Jobs 202 and 203 were completed and sold. The remaining jobs were still in process. The ending work in process would consist of the costs of _____.

Increases in sales of low contribution margin products decrease the break-even point.

Boysenberry Corp. has two support departments, Personnel (P) and Maintenance (M), and two producing departments, Blending (B) and Finishing (F). Estimated direct costs and percentages of services used by these departments are as follows:   ​ Used by Department Support Dept. P M B F P – 10% 60% 30% M 10% – 40% 50% Direct costs $9,000 $13,500 $40,000 $35,000 Required: ​ a. Prepare a schedule allocating the support department costs to the producing departments using the direct allocation method. b. Prepare a schedule allocating the support department costs to the producing departments using the sequential allocation method.

Colorado Corporation has the following sales forecast for the next quarter: ​ July, 4,000 units; August, 4,800 units; September, 5,600 units ​ Sales totaled 3,200 units in June. The June ending finished goods inventory was 800 units. End-of-month finished goods inventory levels are planned to be equal to 30 percent of the next month’s planned sales. Records showed that each unit is budgeted at 2 pounds of materials costing $3 per pound. Direct labor was budgeted at .5 direct labor hours per unit at a wage of $20 per hour. Budgeted variable overhead is $1.50 per direct labor hour. Fixed overhead is budgeted at $250,000 for the year, and 50,000 units are expected to be produced. ​ After preparing a finished goods inventory budget for August, what is the total ending inventory cost?

Cadmium Corporation manufactures leather bags. The following information pertains to the month of August: ​ ​ Units Work in process, August 1 (40% complete)    900 Started in August 4,000 ​ Materials are added at the beginning of the process. If 3,700 units were completed during the month, ending work in process on August 31 is: