ACCT 3121 CH6_001

ACCT 3121 CH6_001 - 1 Solving Organization Design Problems...

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Unformatted text preview: 1. Solving Organization Design Problems Using Accounting Problem Set 6 Andrew A. Christie E. J. Ourso College of Business Administration Louisiana State University Baton Rouge, LA, 70803-6304 October 14, 2009 © Copyright: 1990 to 2009 Instructions Cooperation: I encourage you to discuss questions and answers with your peers. Former exam questions: To provide perspective on the standards expected, homework sets include some former exam questions. These have FEQ in parenthesis after them. Problem Set 6 1. CalcFast CalcFast applies factory overhead using units of output and a predetermined overhead rate. The firm reports the following information for July. Beginning Ending /,,,\Factory overhead balances 26,000 DR4 37,000 CR 1 , \ f,1,iwi<:‘l{jr~ 5:13:44}! , w: '2’ W (J 3:1 ‘Other Information Indirect material 2,700 Indirect labor 47,000 Other overhead incurred 129,000 Units produced 60,425 ,._ Vb 2. Hard Charger Hard Charger reports the following information for September. Balances Beginning Ending Raw materials ? 12,000 Factory overhead ? 7,500 DR Work in process inventory 15,000 22,500 Finished goods inventory 31,500 25,500 Other Information Purchases of raw materials 61,500 Issues of materials: Direct ? Issues of materials: Indirect 1,500 Factory payroll: Direct 30,000 Factory payroll: Indirect 22,500 Other factory overhead 37,500 Overhead applied 49,500 Cost of goods manufactured ? Cost of goods sold 133,500 Calculate the missing items. Qt"? ...
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