Would a PROCESS COSTING SYSTEM be ideal for a clothing line business? With regard to process...

Would a PROCESS COSTING SYSTEM be ideal for a clothing line business? With regard to process costing, discuss some of the accounting issues that will need to addressed --again, with regard to process costing. How would one determine the unit cost of the product -- what are the components of the unit cost? What are some examples of the overhead costs? How would one calculate the predetermined overhead rate?

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ekkarill92 answered 1 year ago

LINEA-VERDE customized clothing line uses normal costing for its job-costing system, which has two direct costs:...

LINEA-VERDE customized clothing line uses normal costing for its job-costing system, which has two direct costs: Direct materials and direct manufacturing labor; in addition to one indirect cost . During 2018 the following numbers were computed: Cost of finished goods manufactured was $4,050,000, Total Manufacturing cost was $4,150,000, Work-in-process Inventory on January 1, 2018, $220,000. as for Manufacturing overhead applied, it was $2,000,000 based on a rate of 1.75 times direct manufacturing labor costs. A. Calculate Direct Manufacturing Labor Cost...

What would the answer to question 8 be? Would a job-order costing system or a process...

What would the answer to question 8 be? Would a job-order costing system or a process costing system be used for the production process? Give specific reasons for your choice of which costing system would be most appropriate for the manufacturer.

similarities and differences of an operating costing system and process costing system

Which types of companies would most likely use a process costing system?

Which types of companies would most likely use a process costing system? Provide examples of two Saudi Compagnies.Explain the methods with which the cost per unit will be calculated for this type of companies. Explain how the different items of inventory will be evaluated?

a. under what conditions would it be appropriate to use a process costing system b. in...

a. under what conditions would it be appropriate to use a process costing system b. in what ways are job order and process costing similar c. Why is accumulation simpler in a process costing than it is in a job order costing system.

Think of a business or an organization that would use process costing. What types of waste...

Think of a business or an organization that would use process costing. What types of waste are likely to be generated during the manufacturing process? Are there ways to avoid this waste or to minimize it? How might managerial accounting support the efforts to reduce waste in the production process?

In process costing system, 1. Briefly discuss the features of process costing system? 2. Idebtift 2...

In process costing system, 1. Briefly discuss the features of process costing system? 2. Idebtift 2 specific Australian companies that process costunf system is suitable for and expalin why? 3. Discuss two potential uses of the cost information for decision making to the managers in each of the organizations selected in question 2 above. Give detail answer.

"Both a job costing system and a process costing system enable the calculation of the unit...

"Both a job costing system and a process costing system enable the calculation of the unit cost of a product. However, process costing provides a more accurate unit cost." Do you agree? Discuss

Which of the following would be appropriately costs using a process costing system? Oil Refining by...

Which of the following would be appropriately costs using a process costing system? Oil Refining by Parkland Fuel Corporation Movies produced by Lions Gate Entertainment Assembly of individual aircraft by Bombardier Audit engagements performed by KPMG

When are companies likely to use a job costing system or process costing system? Describe the...

When are companies likely to use a job costing system or process costing system? Describe the specific characteristics of each system and provide at least 2 examples from companies in your community for each system (at least 4 companies should be described).

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