solution - Manacct - Solution to 28 Part 1 Part 2 Yes the...

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Solution to 28 Part 1 Part 2 Yes the predetermined overhead rate changes as the predicted production changes. This is due same and as the production goes up, the per unit cost goes down. On the other hand the per un Solution to 31 Raw material inventory,January 1 Raw material available for use Raw material used ( DM ) Total manufacturing costs Add: Work - in - process inventory,January 1 Subtotal Cost of goods manufactured Cost of goods sold Finished - goods inventory,January 1 Cost of goods available for sale Cost of goods sold Required: 1.What was the cost of raw materials purchased during the year? Raw materials purchased = $672,000 2.What was the direct-labor cost charged to production during the year? Direct-labor = $450,000 3.What was the cost of goods manufactured during the year? Cost of goods manufactured = $1,472,000 4.What was the cost of goods sold during the year? Cost of goods sold = $1,432,000 Add : Purchases of raw material Deduct : Raw material inventory,December 31 Add : Direct Labor ( DL ) (1,372,000 - 652,000 = 720,000*100/160) Add : Total manufacturing overhead:- (MOH = 60%of DL)(1,372,000 - 652,000 = 720,000*60/16 Deduct : Work - in - process inventory,December 31 Add : Cost of goods manufactured Deduct : Finished - goods inventory,December 31
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Solution to 35 Solution to Part 1 POHR = ($993,300/77000) Predetermined overhead rate, which is based on direct-labor hours = $12.90 per DLH Solution to Part 2 Applied Overhead = POHR x Actual Direct Labor Hours Applied Overhead = 12.90 x 79000 Applied Overhead = $1,019,100 Actual Manufacturing Overhead = (225000+19000+79000+210000+58000+32000+29500+7900 Overapplied Overhead = (1019100-997000) Overapplied Overhead = 22,100 Solution to Part 3 Dr. Manufacturing Overhead 22,100 Cr. Cost of goods sold 22,100 Solution to Part 4 POHR = ($990,000/77000) Predetermined overhead rate, which is based on direct-labor hours = $12.86 per DLH Applied Overhead = POHR x Actual Direct Labor Hours Applied Overhead = 12.86 x 79000 Applied Overhead = $1,015,940 Actual Manufacturing Overhead = (225000+25000+79000+210000+58000+32000+295000+790 Overapplied Overhead = (1,015,940 - 1,003,000) = 12,940 Overapplied Overhead = 12,940 Solution to 18 CALCULATION OF EQUIVALENT UNITS : ANDROMEDA GLASS COMPANY Predetermined overhead rate = Budgeted manufacturing overhead cost Predetermined overhead rate = Budgeted manufacturing overhead cost
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Work in Progress, August 1 Unbits started during August Total units to account for Units completed and transferred out during August Work in Progress, August 31 Total units to account for Total equivalent Units Solution to 24 DIAGRAM OF PRODUCTION PROCESS The product cost for each basketball is computed as follows: Direct Material: - Batch P25 (42000 / 2000) - Batch S33 (45000 / 4000) Conversion: Preparation Department Conversion: Finishing Department Conversion: Packaging Department* Total Product Cost *The two production departments each worked on a total of 6,000 balls, but the Packaging Accumulated by department Conversion Costs: Direct Labour Manufacturing Overheads Direct Material costs Accumulated by batch
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Department handled only the 2,000 professional balls.
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This note was uploaded on 05/13/2010 for the course MECH 17657 taught by Professor Ravikant during the Spring '10 term at Indian Institute of Technology, Delhi.

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solution - Manacct - Solution to 28 Part 1 Part 2 Yes the...

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