Hilton1eCheckFigures - Check Figures Sample Chapter 2...

Check Figures Sample
Chapter 2
Problem 2-38 4. Gross margin: $1,137,200
Problem 2-39 Cost of goods manufactured $357,000
Problem 2-40 2. Gross margin: $2,200,000
Problem 2-41 Case A: Cost of goods available for sale: $1,150,000
Problem 2-42 1(b) Total manufacturing overhead: $267,000
Problem 2-43 1. Total manufacturing costs: $300,000
Problem 2-44 2. Direct labour: $574
Problem 2-47 2. 50 kilograms, total cost: $800
Problem 2-48 2. 50,000 litres, unit fixed cost: $10 per litre
Problem 2-51 20x5 Direct labour forecast: $4,290,000
Problem 2-55 4. Average cost: $637.50
Problem 2-57 1. 20,000 output bottles, unit cost: $12.84
Chapter 3
Problem 3-40 1. Cost of goods manufactured: $524,700
3. Selling and administrative expenses: $69,600
Problem 3-41 1. Predetermined overhead rate: $13 per hour
Problem 3-43: 1. Predetermined overhead rate: $52.50 per machine hour
4. Finished goods inventory increase: $406,000
Problem 3-44 5. BBBC’s applied overhead: $2,827,500
6. Overapplied overhead: $50,500
Problem 3-45 2. Predetermined overhead rate: 28% of traceable costs
4. Overhead: $21,000
Problem 3-46 4. Overapplied overhead: $64,500
Problem 3-47 2. Applied manufacturing overhead: $143,000
Problem 3-48 1. Total actual manufacturing overhead: $435,000
2. Cost of goods available for sale: $1,355,625
Problem 3-50 1. Manufacturing overhead applied: $160,000
2. Raw material available for use: $260,000
Problem 3-51 2. Applied manufacturing overhead: $36,000
5. Work-in-Process Inventory: $10,800
Problem 3-53 2. May, total cost: $1,140
5. February, total cost: $1,117.80
Problem 3-54 2. Job 57, applied manufacturing overhead: $35,000
6. November, applied manufacturing overhead: $85,000
Problem 3-55 4. Total actual overhead: $36,230
7. Gross margin: $12,165
Problem 3-56 Unit cost: $488.55 (rounded)
Problem 3-57 4. $114,000
Problem 3-58 2. Advanced system, price: $1,804
5. Basic system, price: $1,243
Case 3-59 2. Manufacturing overhead rate: $7.50 per hour
3. Value of finished-goods inventory on 12/31: $455,600

Case 3-60 3. Manufacturing overhead applied in December: $180,000
6. Total actual manufacturing overhead: $2,392,000
Chapter 4
Problem 4-24 2. Conversion, total equivalent units: 1, 148,800
3. Direct material: cost per equivalent unit: $1.30
Problem 4-25 2. Equivalent units, conversion: 207,500
3. Cost per equivalent unit, direct material: $2.35
Problem 4-26 Costs incurred during October, direct material: $600,000
Cost per equivalent unit, conversion: $11.85
Problem 4-27 1(a). Conversion, total equivalent units: 58,000
1(b). Total cost per equivalent unit: $54.50
Problem 4-28 2. Equivalent units, direct material: 110,000
3. Conversion, cost per equivalent unit: $1.81
Problem 4-29 1. Equivalent units, direct material: 120,000
2. Conversion, cost per equivalent unit: $10.28
Problem 4-30 1. Overhead applied: $441,186
2. Equivalent units, conversion: 27,800
Problem 4-31 2. Conversion, total equivalent units: 900
2. Direct material, cost per equivalent unit: $55
Problem 4-32