Acc 202 Chapter 3 Excerises (2).docx - Anthony Martinez Chapter 3 Exercises Exercise 3-1 Estimated total manufacturing overhead cost Y=a bx Y=

Acc 202 Chapter 3 Excerises (2).docx - Anthony Martinez...

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Anthony Martinez Chapter 3 Exercises Exercise 3-1 Estimated total manufacturing overhead cost: Y=a+bx Y= $94,000+($2.00 per direct labor hours)x(20,000 direct labor hours) = $134,000 Estimated total manufacturing overhead cost = $134,000 Predetermined overhead rate= (Estimated total manufacturing overhead cost)/ (Estimated total direct labor hours) $134,000/20,000= $6.70 Predetermined overhead rate= $6.70 Exercise 3-2 Actual direct labor-hours × Predetermined overhead rate = Manufacturing overhead applied 10,800 x $23.40= $252,720 Exercise 3-3 1. (Direct labor cost)/(Direct labor wage rate per hour) = Total direct labor hours $108/$12=9 Total manufacturing cost: Direct materials + Direct labor + Manufacturing overhead applied= Total manufacturing cost 230+108+126(14*9) =464 2. Unit product cost: Total manufacturing / Number of units in the job = Unit product cost $464/40 = $11.60 unit product cost
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Exercise 3-6 1. Cost of Goods Manufactured Direct materials: Raw materials inventory, beginning $12,000 Add: Purchases of raw materials 30,000 Total raw materials available 42,000 Less: Raw materials inventory, ending 18,000
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  • Spring '14
  • BrigidA.Schaffer
  • Goods Sold, Goods Manufactured, Direct Labor Hours

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