Quiz 14 - *Assume 0 beginning inventory DM added to WIP...

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Quiz 14 (Keep going smarty pants ) Budgeted DL dollars: $45,000 Actual DL dollars spent: $50,000 Budgeted Factory OH: $720,000 Actual Factory OH: $750,000 1. Assume that DL dollars is the cost driver. How much was over-or-under applied OH? Budgeted Annual Data: Dept.A Dept.B DL $18,000 $16,500 Machine Hours 5,100 4,000 OH $22,500 $18,000 Actual Data for job #2071: DM $1,000 $1,600 DL $1,200 $1,400 Machine Hours 5,000 3,000 2. Oh is applied based on DL cost in department A and machine hours in department B. What is the total production cost for job #2071?
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Unformatted text preview: *Assume 0 beginning inventory DM added to WIP inventory: $160,000 Indirect Materials added to WIP inventory $40,000 DL added to WIP inventory: $150,000 INL added to WIP inventory: $65,000 MOH added to WIP inventory: $100,000 Depreciation expense added to MOH: $50,000 COGS $340,000 Cost of goods manufactured: $380,000 3. Before adding for over-or-under applied OH, what is the sum of the ending balances in WIP? 4. What is the total finished goods?...
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This note was uploaded on 04/15/2008 for the course ACG 2071 taught by Professor Sumbiznatch during the Spring '06 term at University of Florida.

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Quiz 14 - *Assume 0 beginning inventory DM added to WIP...

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