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Beginning Problems Solved

Beginning Problems Solved - DLH 80000 45000 mHrs 30000...

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Cost of Goods Mfgd Direct Materials Begin Inv $20,000 Add: Purchs $400,000 $420,000 Less: End Inv $(30,000) DM Used $390,000 DL Used $60,000 Mfg OH Ind Matls $15,000 Ind Lbr $130,000 Prop Tax - fact $8,000 Util-fact $70,000 Deprec- fact $240,000 Ins -Fact $10,000 $473,000 Total MFG Costs Incurred $923,000 Add: WIP Begin $40,000 $963,000 Less: WIP End $(70,000) COST OF GOODS MFGD $893,000
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INCURRED APPLIED MFG Overhead Control Ind Matls $15,000 Ind Lbr $130,000 Prop Tax - fact $8,000 Util-fact $70,000 Deprec- fact $240,000 Ins -Fact $10,000 $485,000 subtot $473,000 $485,000 Over Applied $12,000 OH Applied Based incurred 19400 PD rate $25.00 OH Applied to WIP $485,000
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BaseDLH mHrs Company X X Y
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Unformatted text preview: DLH 80000 45000 mHrs 30000 70000 DM$ $400,000 $290,000 Budgeted Mfg OH $536,000 $315,000 PD Rate $6.70 $4.50 per DLH incurred per mHr incurred Company X Job # Job 418 Job 419 Actual DLH Incurred 12000 36000 Company X - PD Rate $6.70 $6.70 OH Applied $80,400 $241,200 DM$ Z 60000 21000 $300,000 $480,000 $1.60 per DM$ incurred Job 420 30000 $6.70 Total OH Applied $201,000 $522,600 Actual OH Incurred $530,000 UNDER APPLIED $(7,400) Mfg OH Control W Begin $15,000 a $460,000 $390,000 b ?? $260,000 $70,000 ?? $85,000 b $390,000 End $40,000 FGI CG Begin $50,000 d $640,000 c $710,000 $640,000 d End $120,000 IP $710,000 c S...
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Beginning Problems Solved - DLH 80000 45000 mHrs 30000...

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