Chapter 16: 3QS (page 744)
For each of the following products and services, indicate whether it is more likely produced in a process operation (P) or a job order operation (J).
1. Beach toys
2. Concrete swimming pool
3. iPhones
4. Wedding reception
5. Custom suits
6. Juice
7. Tattoos
8. Guitar picks
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The flowchart below shows the August production activity of the punching and bending departments of Wire Box Company. Use the amounts shown on the flowchart to compute the missing numbers identified by question marks.
Prepare journal entries to record the following production activities.
1. Paid overhead costs (other than indirect materials and indirect labor) of \(38,750.
2. Applied overhead at 110% of direct labor costs. Direct labor costs were \)75,000.
Refer to QS 16-21. Using the FIFO method, assign direct materials costs to the roasting department’s output—specifically, the units transferred out to the mixing department and the units that remain in process in the roasting department at month-end.
Refer to the information in QS 16-10. Calculate the assembly department’s equivalent units of production for materials and for conversion for November. Use the FIFO method
The focus in a job order costing system is the job or batch.
Identify the main focus in process costing.
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