Managerial Accounting and Job Order Costing
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Managerial Accounting and Job Order Costing
Introduction to Managerial Accounting and Job Order Costing
Job Costing Decision Discussion
ZScenario
Stacks of coinsRead the following scenario and then thoughtfully discuss the questions.
Roe and Adler, LLC produce fabric covers for passenger seats used in small private airplanes. Each cover is customized with the customer’s choice of size, color, fabric, and logo, in addition to meeting FAA standards and requirements. Roe and Adler uses a job cost system and allocates manufacturing overhead based on direct labor hours. These are the most recent cost estimates per seat:
Direct materials 29.00
Direct labor 5.00
Manufacturing overhead 9.00
Total per seat $43.00
Rose and Adler, LLC received an order in January for 48 seat covers. At the time of this order, the selling price of one seat cover was $107.50. Delivery of the seat covers is due in April. Since the original order was placed, the same company has placed an additional order for 12 more seat covers to be delivered at the same time as the original 48 seat cover order.
Since the original order was placed in January, unforeseen world events have occurred that have increased the costs of making the covers. The first issue is an increase in the price of dye used in the fabric for the seat covers. The second issue is that a new textile manufacturer is opening nearby and offering to pay a higher wage and aggressively seeking to hire experienced labor.
Due to these events, these are the new costs estimates:
Direct materials 30.00
Direct labor 6.50
Manufacturing overhead 11.70
Total per seat $48.20
Discuss
- Do you agree with the cost analysis for the second order? Explain your answer:
- Should the two orders be accounted for as one job or as two jobs?
- What sales price per cover should they set for the second order? Explain why you selected this price, as well as the advantages and disadvantages of this price.
Best practice is to post your initial post by midweek. This allows your classmates time to respond to your post in the discussion. You should reply to a minimum of two other students with meaningful comments and observations. Go outside the textbook to find additional references to support your answer. Provide a citation and reference for any source you use to help you formulate your answer.
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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