40000 dlhs predetermined overhead rate 1465 per dlh

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 Estimated total direct labor hours (DLHs)...40,000 DLHs= Predetermined overhead rate.....................$14.65 per DLHExercise 3-2 (10 minutes)Actual direct labor-hours..........................12,600× Predetermined overhead rate...............$23.10= Manufacturing overhead applied...........$291,060 Exercise 3-3 (10 minutes)1. Total direct labor-hours required for Job A-200:Direct labor cost................................$120÷ Direct labor wage rate per hour.....$12= Total direct labor hours..................10Total manufacturing cost assigned to Job A-200:Direct materials..................................$200Direct labor.........................................120Manufacturing overhead applied ($18 per DLH × 10 DLHs)................ 180Total manufacturing cost....................$5002. Unit product cost for Job A-200:3-3
Chapter 3 Job-Order CostingTotal manufacturing cost..................$5003-4
Chapter 3 Job-Order Costing÷ Number of units in the job.............50= Unit product cost...........................$10Exercise 3-4 (15 minutes)a.Raw Materials.........................86,000Accounts Payable..........86,000b.Work in Process......................72,000Manufacturing Overhead........12,000Raw Materials................84,000c.Work in Process......................105,000Manufacturing Overhead........3,000Wages Payable.............108,000d.Manufacturing Overhead........197,000Various Accounts..........197,000Exercise 3-5 (20 minutes)Parts 1 and 2.CashRaw Materials(a)75,000(a)75,000(b)73,000(c)152,000Bal.2,000(d)126,000Work in ProcessFinished Goods(b)67,000(f)379,000 (f)379,000(c)134,000Bal.0(e)178,000(f)379,0003-5
Chapter 3 Job-Order CostingBal.0Manufacturing OverheadCost of Goods Sold3-6
Chapter 3 Job-Order Costing(b)6,000(e)178,000 (f)379,000(g)28,000(c)18,000Bal.351,000(d)126,000(g)28,000Bal.03-7
Chapter 3 Job-Order CostingExercise 3-6 (20 minutes)1.Cost of Goods ManufacturedDirect materials:Raw materials inventory, beginning................$24,000Add: Purchases of raw materials..................... 53,000Total raw materials available...........................77,000Deduct: Raw materials inventory, ending........  6,000Raw materials used in production...................71,000Deduct: Indirect materials included in manufacturing overhead...............................  8,000$ 63,000Direct labor...........................................................62,000Manufacturing overhead applied to work in process inventory...............................................   41,000Total manufacturing costs....................................166,000Add: Beginning work in process inventory...........   41,000 207,000Deduct: Ending work in process inventory...........   38,000Cost of goods manufactured................................$169,0002.Cost of Goods SoldFinished goods inventory, beginning...................$ 86,000Add: Cost of goods manufactured....................... 169,000Cost of goods available for sale...........................255,000Deduct: Finished goods inventory, ending...........   93,000Unadjusted cost of goods sold.............................162,000Add: Underapplied overhead...............................     8,000Adjusted cost of goods sold.................................$170,0003-8
Chapter 3 Job-Order CostingExercise 3-7 (10 minutes)1.Actual direct labor-hours..........................8,250× Predetermined overhead rate...............   $21.40= Manufacturing overhead applied..........$176,550Less: Manufacturing overhead incurred. . 172,500Manufacturing overhead overapplied......$     4,0502. Because manufacturing overhead is overapplied, the cost of goods sold would decrease by $4,050 and the gross margin would increase by $4,050.3-9
Chapter 3 Job-Order CostingExercise 3-8 (30 minutes)1.Cost of Goods ManufacturedDirect materials:Raw materials inventory, beginning................$  8,000Add: Purchases of raw materials..................... 132,000Total raw materials available...........................140,000Deduct: Raw materials inventory, ending........  10,000Raw materials used in production...................130,000Direct labor...........................................................90,000Manufacturing overhead applied to work in process inventory............................................... 210,000Total manufacturing costs....................................430,000Add: Beginning work in process inventory...........   5,000 435,000Deduct: Ending work in process inventory...........   20,000Cost of goods manufactured................................$415,0002.Cost of Goods Sold

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