HW2 - Chapter 2 E4. a. P b. P c. J d. J e. P f. J E5. a. b....

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Chapter 2 E4. a. P d. J b. P e. P c. J f. J E5. a. Y e. Y b. N f. Y c. Y g. Y d. Y h. N E6. Note that direct materials are charged to Work in Process while indirect materials are charged to Manufacturing Overhead. Work in Process 250,000 Raw Materials 250,000 Manufacturing Overhead 20,000 Raw Materials 20,000 E7. Note that direct materials are charged to Work in Process while indirect materials are charged to Manufacturing Overhead. Work in Process 2,350 Raw Materials 2,350 Manufacturing Overhead 110 Raw Materials 110 E9. a. Job No. 201 120 hrs × $8/hr $ 960 80 hrs. × $15/hr. 1,200 40 hrs. × $8/hr. 320 Total $2,480 Job No. 202 30 hrs. × $15 /hr. $450
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Job No. 203 50 hrs. × $15/hr. $750 b. Labor Report for the month of February (by job): T i m e Job Ticket Hours Rate Cost 201 2101 120 8.00 $ 960 201 2102 80 15.00 1,200 201 2103 40 8.00 320 240 2,480 202 2104 30 15.00 450 203 2105 50 15.00 750 Total labor charges $3,680 Work in Process 3,680 Wages Payable 3,680
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(1) Predetermined overhead allocation rate based on direct labor hours: $600,000 / 60,000 DLH = $10.00 per direct labor hour (2) Predetermined overhead allocation rate based on direct labor costs: $600,000 / $1,200,000 = $0.50 per dollar of direct labor (3) Predetermined overhead allocation rate based on machine hours: $600,000 / 30,000 machine hours = $20.00 per machine hour E12. a. Overhead allocation rates: Allocation base Allocation Rate Direct labor hours $300,000 / 20,000 DLH = $15 per direct labor hour Direct labor cost $300,000 / $250,000 = $1.20 per dollar of direct labor Machine hours $300,000 / 15,000 MH = $20 per machine hour Direct material cost $300,000 / $400,000 = $0.75 per dollar of direct material
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HW2 - Chapter 2 E4. a. P b. P c. J d. J e. P f. J E5. a. b....

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