GN_ch3_1

GN_ch3_1 - Exercise 3-3(15 minutes Exercise 3-3(10 minutes...

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Exercise 3-3  (15 minutes) Exercise 3-3  (10 minutes) The predetermined overhead rate is computed as follows: Estimated total manufacturing overhead. ...... $586,000 ÷ Estimated total direct labor hours (DLHs). ..       40,000     DLHs = Predetermined overhead rate. ....................       $14.65     per DLH
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Exercise 3-4  (15 minutes) a. Raw Materials. ........................ 86,000 Accounts Payable. ......... 86,000 b. Work in Process. ..................... 72,000 Manufacturing Overhead. ....... 12,000 Raw Materials. ............... 84,000 c. Work in Process. ..................... 105,00 0 Manufacturing Overhead. ....... 3,000 Wages Payable. ............ 108,00 0 d. Manufacturing Overhead. ....... 197,00 0 Various Accounts. ......... 197,00 0
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Exercise 3-5  (10 minutes) Actual direct labor-hours. ......................... 12,600 × Predetermined overhead rate. ..............       $23.10     = Manufacturing overhead applied. .......... $291,060
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Exercise 3-9  (30 minutes) 1. Since $320,000 of studio overhead cost was applied to Work in  Process on the basis of $200,000 of direct staff costs, the 
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This note was uploaded on 04/11/2009 for the course ACCT 410x taught by Professor Bonner during the Fall '06 term at USC.

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GN_ch3_1 - Exercise 3-3(15 minutes Exercise 3-3(10 minutes...

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