chapter%2062 - Accounting 2102 Farmer Chapter 6 Practice...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 2102 Farmer Chapter 6 Practice Don’t Cry Over Spilled Milk, Inc Don’t Cry Over Spilled Milk, Inc., a manufacturer of mops, uses the weighted average method in its processing costing system. Don’t Cry uses a normal costing system in the application of its manufacturing overhead (MOH) to production; MOH costs are applied to production on the basis of machine hours logged during the period. Total budgeted MOH for the period was $400,000 and total budgeted machine hours were 100,000. The following data concern the operations of the company’s first processing department, Assembly, for June 2007. Beginning Work in Process 800 mops, 60% complete with respect to direct materials, 10% complete with respect to conversion Costs in Beginning Work in Process $3,712 (of this amount, $1,296 is for direct materials) Units Started During June 16,000 mops Costs Added During June direct materials $47,076; direct labor $216,213 Manufacturing Overhead actual machine hours logged during June were 70,250, actual MOH charges incurred during June were $280,000 Ending Work in Process
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/07/2011 for the course ACCT 2102 taught by Professor Farmer during the Spring '08 term at University of Georgia Athens.

Page1 / 6

chapter%2062 - Accounting 2102 Farmer Chapter 6 Practice...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online