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Managerial Accounting 16th Edition Garrison Solutions Manual
Managerial Accounting 16th Edition Garrison Solutions Manual
Managerial Accounting 16th Edition Garrison Solutions Manual
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ons-manual/
Chapter 2
Job-Order Costing: Calculating Unit Product
Costs
Questions
2-1 Job-order costing is used in situations When a job is completed, the job cost sheet is
where many different products, each with individ- used to compute the unit product cost.
ual and unique features, are produced each pe-
riod. 2-7 Some production costs such as a factory
manager’s salary cannot be traced to a particular
2-2 In absorption costing, all manufacturing product or job, but rather are incurred as a result
costs, both fixed and variable, are assigned to of overall production activities. In addition, some
units of product—units are said to fully absorb production costs such as indirect materials cannot
manufacturing costs. Conversely, all nonmanufac- be easily traced to jobs. If these costs are to be
turing costs are treated as period costs and they assigned to products, they must be allocated to
are not assigned to units of product. the products.
2-3 Normal costing systems apply overhead 2-8 If actual manufacturing overhead cost is
costs to jobs by multiplying a predetermined applied to jobs, the company must wait until the
overhead rate by the actual amount of the alloca- end of the accounting period to apply overhead
tion incurred by the job. and to cost jobs. If the company computes actual
overhead rates more frequently to get around this
2-4 Unit product cost is computed by taking problem, the rates may fluctuate widely due to
the total manufacturing costs assigned to a job seasonal factors or variations in output. For this
and dividing it by the number of units contained reason, most companies use predetermined over-
in the job. head rates to apply manufacturing overhead costs
to jobs.
2-5 The first step is to estimate the total
amount of the allocation base (the denominator) 2-9 The measure of activity used as the allo-
that will be required for next period’s estimated cation base should drive the overhead cost; that
level of production. The second step is to esti- is, the allocation base should cause the overhead
mate the total fixed manufacturing overhead cost cost. If the allocation base does not really cause
for the coming period and the variable manufac- the overhead, then costs will be incorrectly at-
turing overhead cost per unit of the allocation tributed to products and jobs and product costs
base. The third step is to use the cost formula Y will be distorted.
= a + bX to estimate the total manufacturing
overhead cost (the numerator) for the coming pe- 2-10 Assigning manufacturing overhead costs
riod. The fourth step is to compute the predeter- to jobs does not ensure a profit. The units pro-
mined overhead rate. duced may not be sold and if they are sold, they
may not be sold at prices sufficient to cover all
2-6 The job cost sheet is used to record all costs. It is a myth that assigning costs to prod-
costs that are assigned to a particular job. These ucts or jobs ensures that those costs will be re-
costs include direct materials costs traced to the covered. Costs are recovered only by selling to
job, direct labor costs traced to the job, and man- customers—not by allocating costs.
ufacturing overhead costs applied to the job.
© The McGraw-Hill Companies, Inc., 2018. All rights reserved.
Solutions Manual, Chapter 2 1
Language: English
BY
BROOKS HENDERLEY
Author of “The Y. M. C. A. Boys of Cliffwood,” Etc.
ILLUSTRATED
NEW YORK
By
BROOKS HENDERLEY
12mo. Cloth. Illustrated.
Price per volume, 60 cents, postpaid.
CHAPTER PAGE
I. THE SCRUB BALL TEAMS 1
II. AN INVASION OF PIGS 10
III. THE BOY WHO HAD PROMISED 19
IV. MR. NOCKER SPRINGS A SURPRISE 32
V. A BRIGHT PROSPECT AHEAD 40
VI. MAKING CAMP ON BASS ISLAND 47
VII. IN THE GRIP OF THE SQUALL 56
VIII. THE FIRST NIGHT OUT 63
IX. THE RULE OF ORDER AND DISCIPLINE 72
X. THINGS BEGIN TO VANISH 79
XI. MR. HOLWELL GETS THE WELCOMING CHEER 86
XII. HAPPENINGS OF THE SECOND NIGHT 96
XIII. THE MYSTERY GROWS DEEPER 103
XIV. TRYING TO FIGURE IT OUT 115
XV. DAN TELLS SOME WHOLESOME TRUTHS 123
XVI. WAS IT A WILD MAN OF THE WOODS? 129
XVII. DICK’S PROMISE 137
XVIII. SETTING THE TRAP 144
XIX. A DAY OF REST 148
XX. A MISSION OF MERCY 155
XXI. THE BROTHERLY SPIRIT 163
XXII. WHAT NAT SAW 169
XXIII. THE TELLTALE FOOTPRINT 178
XXIV. DAN’S NEW IDEA 188
XXV. THE BERRY PICKERS 199
XXVI. POACHING ON STRANGE PRESERVES 206
XXVII. A NEVER-TO-BE-FORGOTTEN CAMPFIRE 214
XXVIII. WHEN THE PIT TRAP WORKED 222
XXIX. CLEARING UP THE MYSTERY 231
XXX. BREAKING CAMP—CONCLUSION 239
THE Y. M. C. A. BOYS
ON BASS ISLAND
CHAPTER I
THE SCRUB BALL TEAMS
One night a week the boys comprising the Junior Department of the
local Y. M. C. A. held a meeting in the room in the building Cliffwood’s
citizens had presented to the organization that was doing so much good
work for young men in the community.
On certain afternoons they were also allowed free use of the
gymnasium. A comparatively new swimming pool was enjoyed by many
after they had exercised. Then there was a bowling alley, and some of the
more expert among the boys ran up pretty high scores.
On the night after the ball game on the commons and the fire at the
Bratton barn, the boys commenced gathering before the time appointed for
the special meeting to take place. Little knots talked seriously as they came
together, for it was known that Dick meant to bring with him a report of the
success or failure attending their efforts to secure the camping grounds
owned by a Mr. Marley on the small lake named after him.
“Some of you fellows,” Dan Fenwick was saying to a group around
him, “who didn’t happen to be at the ball game to-day will be interested to
know that Dick says we’re going to have a football eleven this fall, to try to
hold up the honor of Cliffwood with the rest of the towns around this end of
the woods.”
“Glad to hear that, Dan!” exclaimed one lad, warmly.
“Always said we ought to do something to show our colors,” added
another. “And it’s come all because of Mr. Howell and his scheme for
getting up this Boys’ Department of the Y. M. C. A. That’s done the trick!
You don’t run across many fellows loafing on the street corners these
nights. They’d rather be in here reading the magazines, or taking part in
some of the things that are going on every little while.”
“And there’s no reason,” a third went on to say, boldly, “why Cliffwood
shouldn’t have a hockey team, and a cracking good baseball nine next
season, to boot. We’ve got the stuff all right. With good backing we might
even hope to fetch a trophy home with us once in a while.”
“There’s Mr. Bartlett, going to call the meeting to order,” remarked Dan.
At this speech every one of the boys settled down in a seat; for these
meetings were usually conducted with as much decorum and order as those
carried on by the older members of the Y. M. C. A. organization.
Harry Bartlett usually presided at these gatherings of the boys’ club, but
he took pleasure in frequently turning the meeting over to Dick, who had
been duly elected to the office. This evening as soon as the meeting had
been called to order he asked Dick to take the chair.
The secretary was just beginning to call the roll when there came a
series of squeals and grunts. At the same time three small pigs were seen
running wildly about the room, creating much excitement as they darted
back and forth under the chairs and amidst the legs of twenty-odd boys
gathered there.
Every one knew that Nat and his two cronies had liberated the pigs, for
they were standing in the doorway and laughing heartily at the frantic
efforts of the boys to catch the dodging pigs. All thought of business was
suspended until this duty had been accomplished, after which the offending
pigs were summarily ejected from the building.
Nat pretended to feel sorry over it.
“We meant to lug the little critters over to Mr. Bratton’s house,” he went
on to explain, “to find out if he meant to offer a reward for their safe return.
But now they’re loose again, and in the night nobody could ever catch the
slippery imps. We were goin’ to stop in and let you know we’d be back this
way before long, when they broke loose on us. But it’s all right anyway, and
no damage done, I reckon.”
Of course every one knew the incident was intended to be one of Nat’s
famous practical jokes, but since the excitement had now died down, and
Mr. Bartlett said nothing to the contrary, Dick concluded to forget it.
“The meeting will again come to order,” he called out, vigorously
rapping the table with the gavel, borrowed from the seniors. “The secretary
will start over again with roll call.”