Ch 5 Solutions to Assigned Homework

Ch 5 Solutions to Assigned Homework - CHAPTER 5 SOLUTIONS...

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CHAPTER 5 SOLUTIONS TO ASSIGNED HOMEWORK Exercise 5–32 1. Predetermined overhead rate = 80,000 $216,000 = $2.70 per direct labor hour 2. Applied overhead = $2.70 × 7,950 = $21,465 3. Applied overhead = $2.70 × 82,600 = $223,020 Actual overhead $226,000 Applied overhead 223,020 Underapplied overhead $ 2,980 4. Adjusted Cost of Goods Sold = $235,670 + $2,980 = $238,650 Exercise 5–33 1. Assembly department overhead rate = 155,000 $620,000 = $4 per direct labor hour Testing department overhead rate = 120,000 $180,000 = $1.50 per machine hour 2. Assembly department applied overhead = $4 × 13,000 = $52,000 Testing department applied overhead = $1.50 × 13,050 = $19,575 3. Assembly Department Testing Department Actual overhead. ................... $53,000 $15,500 Applied overhead. ................. 52,000 19,575 Overhead variance. ......... $ 1,000 $ (4,075 ) Assembly department has underapplied overhead of $1,000. Testing department has overapplied overhead of $4,075
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Exercise 5–36 1. Job 730 direct labor hours = $10 $1,800 = 180 Job 731 direct labor hours = $10 $4,000 = 400 Job 732 direct labor hours = $10 $200 = 20 Job 733 direct labor hours = $10 $800 = 80 2. August applied overhead for: Job 730 = 180 × $11 = $1,980 Job 731 = 400 × $11 = $4,400 Job 732 = 20 × $11 = $220 Job 733 = 80 × $11 = $880 3. Job 730 Job 731 Job 732 Job 733 Beginning balance $10,400 $ 8,600 Direct materials 1,200 8,000 $2,100 $3,000 Direct labor 1,800 4,000 200 800 Applied overhead 1,980 4,400 220 880 Total $15,380 $25,000 $2,520 $4,680 4. Work in Process, August 31, consists of unfinished jobs:
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This note was uploaded on 10/20/2011 for the course ACC 222 taught by Professor Brewer during the Spring '08 term at Miami University.

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Ch 5 Solutions to Assigned Homework - CHAPTER 5 SOLUTIONS...

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