Accounting LAST 2 DAYS OF HW - EXERCISE 20-5 (a) (b) $2.44...

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EXERCISE 20-5 (a) $2.44 per machine hour ($305,000 ÷ 125,000). (b) $322,000 – ($2.44 x 130,000 Machine Hours) $322,000 – $317,200 = $4,800 underapplied (c) Cost of Goods Sold 4,800 Manufacturing Overhead 4,800 EXERCISE 20-13 (a) Predetermined overhead rate = Budgeted overhead ÷ Budgeted decorator hours = $960,000 ÷ 40,000 decorator hours = $24 per decorator hour (b) Applied overhead Work in Process (40,500 hrs X $24). ................................................... 972,000 Operating Overhead. ........................................................ 972,000 (c) Actual overhead $982,800 Applied overhead 972,000 Balance $ 10,800 underapplied
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EXERCISE 20-8 1. Raw Materials Inventory. ....................................................................... 192,000 Accounts Payable. ......................................................................... 192,000 Factory Labor. ......................................................................................... 87,300 Factory Wages Payable. ................................................................ 87,300 2. Work in Process Inventory. ..................................................................... 153,530 Manufacturing Overhead. ...................................................................... 4,470 Raw Materials Inventory. ............................................................. 158,000 Work in Process Inventory. ..................................................................... 80,000 Manufacturing Overhead. ...................................................................... 7,300 Factory Labor. ............................................................................... 87,300 3. Manufacturing Overhead. ...................................................................... 39,500 Accounts Payable. ......................................................................... 39,500
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Accounting LAST 2 DAYS OF HW - EXERCISE 20-5 (a) (b) $2.44...

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