250_Hwk_Chapter_4B_Rev

250_Hwk_Chapter_4B_Rev - ACCT 250 HOMEWORK CHAPTER 4B E4-31...

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ACCT 250 HOMEWORK CHAPTER 4B 7d55ea56ec19ac1230935a10f068c1c660b8db18.xls PAGE 1 OF 2 E4-31 Job Number A23 C76 G15 Total Direct labor ($8/hour) 24,000 36,000 8,800 68,800 Direct materials 42,000 61,000 12,050 115,050 Overhead applied 16,500 24,750 6,050 47,300 Total 82,500 121,750 26,900 231,150 Job A23 Direct labor 24,000 Divide by: Hourly rate 8 Number of DL hours 3,000 Overhead applied 16,500 Divide by: Number of DL hours 3,000 POHR 5.50 per DL hour 1 Total Factory overhead 48,600 Less: Total Factory overead applied 47,300 Factory overhead (over)/under applied 1,300 2 POHR 5.50 per DL hour 3 Cost of DM used 115,050 4 Finished goods inventory 82,500 WIP 82,500 E4-32 1 Estimated Factory overhead 568,000 Divide by: Estimated units of overhead driver 71,000 POHR 8.00 per DL hour 2 Total Factory overhead 582,250 Less: Total Factory overead applied 556,000 Factory overhead (over)/under applied 26,250 3 Applied factory overhead WIP inventory 139,000 Finished goods inventory 216,840 COGS
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This homework help was uploaded on 04/18/2008 for the course ACCTG 250 taught by Professor Rabe during the Spring '08 term at Luther.

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250_Hwk_Chapter_4B_Rev - ACCT 250 HOMEWORK CHAPTER 4B E4-31...

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