Chapter 15 Presentation-Spring 10

Chapter 15 Presentation-Spring 10 - Chapter15...

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 2/2/11 Chapter 15 Analysis
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 2/2/11 1. G.  Time Ticket 2. E.  Factory payroll account 3. D.  Clock card 4. F.   Materials ledger card  5. A.  Voucher 6. C.  Factory Overhead account 7. B.  Materials requistion  15-1
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 2/2/11 2. Direct materials . ........................................................................ $15,250 Direct labor. ................................................................................ 3,280 Overhead ($3,280 x 150%) . ....................................................... 4,920 Total cost of Job No. 13-56 . ...................................................... $23,450 15-3 1. Rate = = = 150% Estimated overhead costs Estimated direct labor $750,000 $500,000
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 2/2/11 2. Total cost of job in process (given) . ........................................ $ 90,000 Less materials cost of job in process (given) . ....................... (40,000) Less overhead applied (40,000 x 40%) . ................................... (16,000 ) Direct labor cost . ....................................................................... $ 34,000 15-4 1. Rate = = = 40% Overhead costs Direct material costs $480,000 $1,200,000
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 2/2/11 1. Predetermined overhead rate Estimated overhead costs . .................................................. $1,500,000 Estimated direct labor costs . .............................................. $1,250,000 Rate ($1,500,000 / $1,250,000) . ............................................ 120%
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This note was uploaded on 02/01/2011 for the course ACCT 203 taught by Professor Hylton during the Fall '08 term at George Mason.

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Chapter 15 Presentation-Spring 10 - Chapter15...

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