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BA102B_2006_Spring_MT2 Solutions_Geyer

BA102B_2006_Spring_MT2 Solutions_Geyer - Manufacturing...

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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
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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
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RMP - ERM
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Service Departments: Factory Administration 10,000 4,000 4,000 Data Processing 22,000 16,000 16,000 Operating Departments: Forming 68,000 40,000 45,000 Assembly 60,000 60,000 75,000 Peak Period Capacity Budget For Year Actual For Year
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GNB 15.78 Sumpta Toy Corporation
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