16-6 - 166 APPLYING YOUR KNOWLEDGE 1619 Assets =...

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Unformatted text preview: 166 APPLYING YOUR KNOWLEDGE 1619 Assets = Liabilities + Stockholders' Equity Raw Materials Inventory GoodsinProcess Inventory Factory Overhead Accounts Payable (1) +$26,700 +$26,700 (2) --$26,570 +$25,230 +$1 ,340 ________ Bal $ 130 $25,230 $1,340 $26,700 1620 Assets = Liabilities + Stockholders' Equity GoodsinProcess Inventory Factory Overhead Wages Payable +$11 ,800 +$1,325 +$13, 125 1621 (1) Predetermined overhead rate Expected factory overhead cost = per direct labor hour Expected direct labor hours $126,000 = = $9 per DLH 14,000 DLH (2) Predetermined overhead rate Expected factory overhead cost = per direct labor dollar Expected direct labor dollars $126,000 = = $0.60 per direct labor dollar $210,000 (3) 870 DLH x $9 per DLH = $7 ,830 Assets = Liabilities + Stockholders' Equity GoodsinProcess Inventory Factory Overhead +$7 ,830 --$7 ,830 (4) $11,800 x $0.60 per direct labor dollar = $7 ,080 ...
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16-6 - 166 APPLYING YOUR KNOWLEDGE 1619 Assets =...

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