unit 2 check figures

# unit 2 check figures - Chapter 5 Job Costing 5.13 Bob...

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Chapter 5 Job Costing 5.13 Bob Crachit B. Fee = 110% * \$83,000 = \$91,300 5.14 Mercy Hospital B. Overhead rate = \$66/hour C. Total costs = \$4,814 5.15 Shane’s Shovels A. Total actual costs = \$535,000 B. Allocated overhead = \$55,000 underapplied 5.17 Job 87M A. Labor = \$800 B. Overhead = \$900 5.18 Jeeter Company A. Ending balance = 36,000 B. Direct labor = \$7,500 C. Direct materials = \$19,500 5.21 Vern’s Van Service B. Allocated overhead = \$7,040 or \$490 overapplied 5.22 The Futons for You Company A. Overhead rate = \$1.60/machine hour B. Overhead allocated to Job No. 21 = \$25,600 C. Allocated overhead = \$176,000 or \$16,000 overapplied 5.28 The Eastern Seaboard Company A. Overhead allocation rate for Machining = \$20/machine hour Overhead allocation rate for Finishing = 125% of direct labor cost B. Total overhead costs for Job 602 = \$9,138 C. Total cost = \$125.94/unit 5.29 Hawk and Eagle Co. A. Method 1 overhead rate = 140% of direct professional labor cost B. Method 2 overhead rate = 67% of direct professional labor cost C. Method 3 overhead rate =38.5% of total direct costs D. Method 1 Method 2 Method 3 Case # 875: 48,000 42,400 40,165 Case # 876: 48,000 50,400 51,245 Total costs \$96,000 \$92,800 \$91,410 5.30 Flexible Manufacturers, Inc. A. Allocated overhead using plant-wide rate = \$105.00 B. Allocated overhead using production cost pools = \$169.50 5.31 Prime Personal Trainers A. Variable overhead rate = 200% of direct labor costs Fixed overhead rate = €40/direct labor hour

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1-2 Cost Management B. Overhead allocated to Job 20 = €900 C. Total cost of Job 20 = €5,650 D. Fixed overhead allocated = €9,160 Variable overhead allocated = €11,450
Chapter 1: The Role Of Accounting Information In Management Decision Making 1-3 Chapter 6 Process Costing 6.15 Francisco’s A. Weighted average equivalent units for direct materials = 59,000 Equivalent units for conversion costs = 50,600 B. FIFO equivalent units = 50,000 Equivalent units for conversion costs = 47,000 6.16 Fine Fans A. Weighted average cost per equivalent unit = \$3.37 B. FIFO cost per equivalent unit = \$2.98 6.18 Journal Entry for Normal and Abnormal Spoilage A. Number of spoiled units = 2,000 Cost of spoiled units = \$10,000 6.19 through 6.22 Felix and Sons 6.19 Weighted average cost per equivalent unit = \$4.72 6.20 Total accounted for = 18,000 units and \$79,200 costs 6.21 FIFO cost per equivalent unit = \$5.52 6.22 Total accounted for = 18,000 units and \$79,200 costs 6.23 Humphrey Manufacturing A. Weighted average cost per equivalent unit = \$2.6771 Total accounted for = 48,000 units and \$122,128 costs B. FIFO cost per equivalent unit = \$2.7399 Total accounted for = 48,000 units and \$122,126 costs (rounding error) 6.25 Benton Industries FIFO cost per equivalent unit = \$7.40 Total accounted for = 108,000 units and \$760,990 costs 6.26 Victoria’s Closet-A A. Weighted average cost per equivalent unit = \$32 Total accounted for = 85,000 units and \$2,672,000 costs 6.27 Victoria’s Closet-B

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unit 2 check figures - Chapter 5 Job Costing 5.13 Bob...

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