HW51_52_53sol

# HW51_52_53sol - \$43,400 C MOH 44,000 43,400 600...

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Problem 51 Raw Materials Work In Process Finished Goods Beg. Bal. 5,100 Beg. Bal. 10,500 Beg. Bal. 12,300 Mat. Purch 178,000 3,200 175,400 + DM 175,400 End. Bal. 4,500 + DL 72,400 + MOH 56,100 302,300 301,600 301,600 End. Bal. 12,800 End. Bal. 11,600 Cost of Goods Sold MOH 55,500 302,300 - 56,100 600 C 301,700 600 overapplied B 600 D Account balances: RM \$4,500 WIP 12,800 FG 11,600 CGS 301,700 E Actual amounts are unknown until the end of the accounting period. The POHR is determine at the beginning of the period. F They would prefer to have a good estimate of a cost object rather than waiting until the end of the period to know the total costs.

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Problem 52 A Estimated MOH \$42,000 = \$1.75 per DL\$ Estimated DL\$ \$24,000 B Actual DL\$ * POHR = [\$16*1,550] * \$1.75 =

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Unformatted text preview: \$43,400 C MOH 44,000 43,400 600 underapplied D Nowhere in the general ledger accounting records. It is a budgeted amount and is only used to determine the POHR rate. It is not posted in the accounting records. Problem 53 A Estimated MOH \$300,000 = \$20.00 per DLHour Estimated DL hours 15,000 B Actual DLH * POHR = 15,600*\$20.00 = \$312,000 C MOH 290,000 312,000 22,000 overapplied Because the overapplied is closed to CGS, there is no change to FG. It stays at \$60,00 D work in process, finished goods, cost of goods sold E If an amount is small, the company can take a shortcut in accounting for it to save mon without affecting users decisions. F This is the account in which most of the MOH cost will appear at yearend. 00. ney for the company...
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HW51_52_53sol - \$43,400 C MOH 44,000 43,400 600...

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