M5.A2 Manufacturing Budget Analysis

Required Assignment 2 Manufacturing Budget Analysis Tom Emory and Jim Morris strolled back to their plant from the administrative offices of Ferguson & Son Manufacturing Company. Tom is manager of the machine shop in the company\’s factory; Jim is manager of the equipment maintenance department. The men had just attended the monthly performance evaluation meeting for plant department heads. These […]

Explain why the manufacturing overhead was under applied or over applied for the year.

Please answer all the questions. This assignment will carry 10% from your total mark. Please upload your answers into portal (Hard copies will not be accepted). Deadline is 06/11/2015. Q1: Custom Metal Works Products uses a Job-order costing system. Overhead costs applied to jobs on the basis of machine hours, at the beginning of the year, management estimated that 85,000 […]

Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each.

You are an accountant in a medium-sized manufacturing company. You have been asked to mentor an accounting clerk who is new to your accounting department. Explain why adjusting entries are necessary. Describe the 4 types of adjusting entries, and provide a manufacturing industry example of each. Describe how these entries would be recorded in a computerized accounting system. Describe 1 […]