5e sol05-15 - Ex 5-15 Name: SOLUTION "1) Predetermined...

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Cost Management Hansen and Mowen Ex 5-15 Name: SOLUTION "1) Predetermined overhead rates Engineering design rate Overhead rate = Estimated overhead = $120,000 = $40.00 per EH Estimated engineering hrs 3,000 Purchasing rate Overhead rate = Estimated overhead = $80,000 = $8.00 per part Estimated machine hrs 10,000 Other overhead rate Overhead rate = Estimated overhead = $250,000 = $6.25 per DLH Direct labor hrs 40,000 2) JOB-ORDER COST SHEET Job 60 DIRECT MATERIALS DIRECT LABOR OVERHEAD Req. No. Amount Ticket Hours Rate Amount Rate Activity Amount $26,000 $40,000 $40.00 20 $800 $8.00 150 1,200 $6.25 2,500 15,625 $17,625 COST SUMMARY Balance, July 1 $32,450 Direct Materials 26,000 Direct Labor 40,000 Overhead Total cost $98,450 JOB-ORDER COST SHEET Job 61 DIRECT MATERIALS DIRECT LABOR OVERHEAD Req. No. Amount Ticket Hours Rate Amount Rate Activity Amount $37,900 $38,500 $40.00 10 $400 $8.00 180 1,440 $6.25 2,400 15,000 $16,840 COST SUMMARY Balance, July 1 $40,770 Direct Materials 37,900 Direct Labor
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5e sol05-15 - Ex 5-15 Name: SOLUTION "1) Predetermined...

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