BA102B_2006_Spring_MT2 Solutions_Geyer

BA102B_2006_Spring_MT2 Solutions_Geyer - Manufacturing...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Manufacturing overhead costs: Property taxes $1,500 Utilities, factory $2,500 Indirect labor $5,000 Depreciation, factory $12,000 Insurance, factory $3,000 Total $24,000 Other costs incurred: Purchases of raw materials $16,000 Direct labor cost $20,000 Inventories: Raw materials, January 1 $4,000 Raw materials, December 31 $3,500 Work in process, January 1 $3,000 Work in process, December 31 $3,750
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
GNB 3.116 Kanaba Company 1. Under/Overapplied Overhead Cost Total manufacturing cost incurred $24,000 (Given) Total manufacturing cost applied $25,000 ($5 x 5,000) Overapplied manufacturing overhead $(1,000) 2. Cost of Goods Manufactured Direct materials $16,500 ($4,000 + $16,000 - $3,500) = BRM + R Direct labor $20,000 (Given) Applied manufacturing overhead $25,000 (Above) Total manufacturing costs $61,500 Add: Work in process, January 1 $3,000 Goods available for completion $64,500 Less: Work in process, December 31 $3,750 Cost of goods manufactured $60,750
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/16/2009 for the course UGBA 08564 taught by Professor Geyer during the Spring '09 term at University of California, Berkeley.

Page1 / 10

BA102B_2006_Spring_MT2 Solutions_Geyer - Manufacturing...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online