Solution Manual for Managerial Accounting Tools for Business Decision Making 6th
Edition by Weygandt Kimmel and Kieso
Link full download: https://getbooksolutions.com/download/solution-manual-for-managerial-accounting-tools-for–
business-decision-making-6th-edition-by-weygandt-kimmel-and-kieso/
CHAPTER 2
Job Order Costing
ASSIGNMENT CLASSIFICATION TABLE
Learning Objectives
Questions
Brief
Exercises
Do It!
Exercises
A
Problems
B
Problems
1. Explain the characteristics
and purposes of cost
accounting.
1, 2, 3, 4
2. Describe the flow of
5, 6, 7, 8
1, 2
1
1, 2, 3, 4, 6,
1A, 2A,
1B, 2B,
costs in a job order
costing system.
7, 8, 9, 11
3A, 5A
3B, 5B
3. Explain the nature
9, 10,
3, 4, 5
2
1, 2, 3, 6, 7,
1A, 2A,
1B, 2B,
and importance of
a job cost sheet.
11, 12
8, 10, 12
3A, 5A
3B, 5B
4. Indicate how the
13, 14, 15
6, 7
2
2, 3, 5, 6, 7,
1A, 2A, 3A,
1B, 2B, 3B,
predetermined
overhead rate is
determined and used.
8, 11, 12, 13
4A, 5A
4B, 5B
5. Prepare entries for jobs
16
8, 9
3
2, 3, 6,
1A, 2A,
1B, 2B,
completed and sold.
7, 8, 9,
3A, 5A
3B, 5B
10, 11
6. Distinguish between
under– and overapplied
manufacturing overhead.
17, 18
10
4
4, 5, 12, 13
1A, 2A,
4A, 5A
1B, 2B,
4B, 5B
Solution Manual for Managerial Accounting Tools for Business Decision Making 6th
Edition by Weygandt Kimmel and Kieso
Link full download: https://getbooksolutions.com/download/solution-manual-for-managerial-accounting-tools-for–
business-decision-making-6th-edition-by-weygandt-kimmel-and-kieso/
Copyright © 2012 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 6/e, Instructor’s Manual (For Instructor Use Only) 2-1
Solution Manual for Managerial Accounting Tools for Business Decision Making 6th
Edition by Weygandt Kimmel and Kieso
Link full download: https://getbooksolutions.com/download/solution-manual-for-managerial-accounting-tools-for–
business-decision-making-6th-edition-by-weygandt-kimmel-and-kieso/
ASSIGNMENT CHARACTERISTICS TABLE
Problem
Number Description
Difficulty
Level Time
Allotted (min.)
1A Prepare entries in a job order cost system and job cost
sheets.
2A Prepare entries in a job order cost system and partial
income statement.
3A Prepare entries in a job order cost system and cost of
goods manufactured schedule.
4A Compute predetermined overhead rates, apply overhead,
and calculate under- or overapplied overhead.
5A Analyze manufacturing accounts and determine missing
amounts.
1B Prepare entries in a job order cost system and job cost
sheets.
2B Prepare entries in a job order cost system and partial
income statement.
3B Prepare entries in a job order cost system and cost of
goods manufactured schedule.
4B Compute predetermined overhead rates, apply overhead,
and calculate under- or overapplied overhead.
5B Analyze manufacturing accounts and determine missing
amounts.
Simple 3040
Moderate 3040
Simple 3040
Simple 2030
Complex 3040
Simple 3040
Moderate 3040
Simple 3040
Simple 2030
Complex 3040
Solution Manual for Managerial Accounting Tools for Business Decision Making 6th
Edition by Weygandt Kimmel and Kieso
Link full download: https://getbooksolutions.com/download/solution-manual-for-managerial-accounting-tools-for–
business-decision-making-6th-edition-by-weygandt-kimmel-and-kieso/
2-2 Copyright © 2012 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 6/e, Instructor’s Manual (For Instructor Use Only)
Correlation Chart between Bloom’s Taxonomy, Learning Objectives and End–of-Chapter Exercises and Problems
Learning Objective
Knowledge
Comprehension
Application
Analysis
Synthesis
Evaluation
1. Explain the characteristics and
purposes of cost accounting.
Q2–1
Q2-2
Q2–3
Q2-4
2. Describe the flow of costs in
a job order costing system.
Q2–5
Q2–7
Q2-8
Q2–6
BE2-1
BE2-2
DI2-1
E2–1
E2–2
E2-3
E2–6
E2–7
E2–8
E2–9
E2–11
P2-1A
P2-3A
P2–1B
P2-3B
E2-4
P2-2A
P2-5A
P2-2B
P2–5B
3. Explain the nature and
importance of a job
cost sheet.
Q2–11
Q2–12
Q2–9
Q2–10
BE2-3
BE2-4
BE2-5
DI2-2
E2–1
E2-2
E2–3
E2–6
E2–7
E2–8
E2–10
E2–12
P2-1A
P2-3A
P2-1B
P2–3B
P2-2A
P2-5A
P2-2B
P2–5B
4. Indicate how the predetermined
overhead rate is determined
and used.
Q2–15
Q2–13
Q2–14
BE2-6
BE2-7
DI2-2
E2–2
E2–3
E2-6
E2–7
E2–8
E2–11
E2–12
E2–13
P2–1A
P2-3A
P2-4A
P2-1B
P2-3B
P2–4B
E2–5
P2-2A
P2-5A
P2-2B
P2–5B
5. Prepare entries for jobs
completed and sold.
Q2–16
BE2-9
BE2-8
DI2-3
E2–2
E2–3
E2-6
E2–7
E2–8
E2–9
E2–10
E2–11
P2-1A
P2-3A
P2-1B
P2–3B
P2-2A
P2-5A
P2–2B
P2–5B
6. Distinguish between under- and
overapplied manufacturing
overhead.
Q2–17
Q2–18
BE2-10
E2–12
E2–13
P2–1A
P2-4A
P2-1B
P2–4B
DI2-4
E2–4
E2–5
P2–2A
P2-5A
P2-2B
P2–5B
Broadening Your Perspective
BYP2-4
BYP2-5
BYP2-6
BYP2-1
BYP2-3
BYP2-2
BYP2-7
BYP2-8
BYP2-9
(For Instructor Use Only) 2-3
Copyright © 2012 John Wiley & Sons, Inc. Weygandt, Managerial Accounting 6/e, Instructor’s Manual
LEARNING OBJECTIVES
1.
EXPLAIN THE CHARACTERISTICS AND PURPOSES
OF COST ACCOUNTING.
2.
DESCRIBE THE FLOW OF COSTS IN A JOB ORDER
COST ACCOUNTING SYSTEM.
3.
EXPLAIN THE NATURE AND IMPORTANCE OF
A
JOB COST SHEET.
4.
INDICATE HOW THE PREDETERMINED OVERHEAD
RATE IS DETERMINED AND USED.
5.
PREPARE ENTRIES FOR JOBS COMPLETED
AND
SOLD.
6.
DISTINGUISH BETWEEN UNDER- AND OVERAPPLIED
MANUFACTURING OVERHEAD.
2-4 Copyright © 2012 John Wiley & Sons, Inc. Weygandt, Managerial Accounting, 6/e, Instructor’s Manual (For Instructor Use Only)
CHAPTER REVIEW
Cost Accounting Systems
1.
(L.O. 1) Cost accounting involves the measuring, recording, and reporting of product costs.
From the data accumulated, both the total cost and unit cost of each product is determined.
2.
A cost accounting system consists of accounts for the various manufacturing costs. These
accounts are fully integrated into the general ledger of a company. An important feature of a cost
accounting system is the use of a perpetual inventory system. Such a system provides information
immediately on the cost of a product. The two basic types of cost accounting systems are
(a)
a job order cost system and (b) a process cost system.
3.
Under a job order cost system, costs are assigned to each job or to each batch of goods.
4.
A process cost system is used when a large volume of similar products are manufactured.
Process costing accumulates product-related costs for a period of time instead of assigning costs
to specific products or job orders.
Job Order Cost Flow
5.
(L.O. 2) The flow of costs in job order cost accounting parallels the physical flow of the materials
as they are converted into finished goods. There are two major steps in the flow of costs: (a)
accumulating the manufacturing costs incurred and (b) assigning the accumulated costs to the
