Porthos Co. has identified an activity cost pool to which it has allocated estimated ovehead of P1,920,000. It has determined the expected use of cost drivers for that activity to be 160,000 inspections. Product W. require 40,000 inspections and Product X require 30,000 inspections. 29. The overhead assigned to product W is а. Р 40,000 b. P 640,000 с. Р 360,000 d. P 480,000 30. The overhead assigned to product X is а. Р 30,000 b. P 640,000 c. P 480,000 d. P 360,000

In a Job Costing system, which of the following contain(s) the detailed cost data that support the Work in Process control account?    A. The Manufacturing Overhead account.   B. Job cost sheets.   C. The Finished Goods inventory account.   D. WIP Account Sheet

Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. Classification 1. Long-term investment in stock Long-term investments 2. Depreciation expense-Building 3. Prepaid rent (2 months of rent) 4. Interest receivable Current assets 5. Taxes payable (due in 5 weeks) Current liabilities 6. Automobiles Plant assets 7. Notes payable (due in 3 years) 8. Accounts payable 9. Cash 10. Patents Account Title Long-term liabilities Current liabilities Current assets Intangible assets Account Title 11. Uneamed services revenue 12. Accumulated depreciation-Trucks 13. Prepaid insurance (expires in 5 months) 14. Buildings 15. Store supplies 16. Office equipment 17. Land 18. Repairs expense 19. Office…

Compare and contrast job order costing with one other type of cost accounting system. Then, describe how a job order cost system can be used in both manufacturing and professional services types of businesses.